The Real Estate Council of B.C. issued an urgent order this week

South Surrey brokerage shutdown sidelines nearly 70 real estate agents

Real Estate Council of B.C. says licence suspension of South Surrey's 8th Avenue Elite Realty Ltd. is "in the public interest"

A South Surrey brokerage firm has had its licence suspended “in the public interest,” after allegedly failing to account for monies entrusted to them by clients.

A news release issued Thursday by the Real Estate Council of B.C. indicates the suspension levied against 8th Avenue Elite Realty Ltd. took effect two days earlier and remains in effect “until further notice.”

“8th Avenue Elite Realty Ltd. is prohibited from providing real estate services to or on behalf of any member of the public as a result of this order,” the release states.

The order was issued under Sec. 45 of the Real Estate Services Act, which pertains to orders issued in “urgent circumstances.”

Marilee Peters, communications officer for the provincial regulatory agency, told Peace Arch News Thursday that she could not disclose when investigation into the brokerage began, the value of monies unaccounted for or the number of clients affected.

She did say that such orders are “fortunately, a rare occurrence.”

Peters said “slightly less than 70” real estate agents were licensed under 8th Avenue, which was operating out of Morgan Creek Corporate Centre, at 210-15252 32 Ave.

“Because the brokerage’s licence has been suspended, their licence is inoperative,” Peters said of the associated agents.

However, the disciplinary step does not prevent those agents from transferring their licence to another brokerage.

Efforts to contact officials at 8th Avenue were unsuccessful. The business’s website has been taken down, the second-floor office is dark and calls to the phone number listed for contact are met with a busy signal.

A note posted on the brokerage’s Facebook page Aug. 25 appeals for information on the whereabouts of two individuals.

“The staff has left and the commission cheques are not being paid!” writes Julia Greene. “Please contact the Real Estate Council if you know anything…”

According to the Facebook page, the “real estate brokerage and real estate education center” opened on Jan. 11, 2013, offering “a new brand in real estate.”

“8th Avenue strives to be modern, trendy, professional, connected, and provide leading edge technology to its agents to provide customers with results they deserve.”

Peters said the council is “working very hard” on the case, but she could not predict how long the investigation might take.

“Every case is different and depending on the complexity of the matters at hand, it’s very hard to determine what timeframe it’ll need,” she said.

Concerned clients may contact the council at 604-683-9664.

Just Posted

Surrey Mountie won’t face charges for scooter scuffle

The Surrey-based IIO has decided not to forward the case to Crown counsel for review

High-risk sex offender released into Surrey

Earon Wayne Giles, a Newton “tag-team rapist,” was released from prison Friday and is now living in Surrey

Pedestrian seriously injured in Surrey traffic crash

A 54-year-old man was hit by a car early Thursday evening while crossing Highway 10 at 152nd Street

VIDEO: Nature provides practice space for North Delta musician

Terry Lee has become a fixture over the years playing his cornet in and near the Delta Nature Reserve

WATCH: $76 million pledged for coastal flooding mitigation in Surrey and Delta

Six-lane bridge planned over South Surrey’s Nicomekl bridge

B.C.’s fight to regulate bitumen through pipelines to go to Canada’s top court

BC Appeal Court judges found B.C. cannot restrict bitumen flow along Trans Mountain pipeline

Burnaby facility to dispose of 1,500 tonnes of Canada’s trash from Philippines

All 103 containers will be disposed of properly within Canada before the end of the summer

Scheer says it would take Conservatives five years to balance budget

Scheeraccused the Liberal government of spending $79.5 billion of previously unbudgeted funds

Man wants guilty plea revoked in 2012 collision in Abbotsford that killed Chilliwack woman

Michael Larocque was charged in relation to crash that killed Eileen Kleinfelder

Vancouver woman sexually assaulted after man follows her home; suspect at large

Police are looking for an Asian man in his 40s after the incident on Vancouver’s east side.

B.C. man, 30, arrested for driving his parents’ cars while impaired twice in one day

The Vancouver-area man was arrested after officers caught him driving impaired twice in one day

UPDATE: Vancouver man dies after crash between motorcycle, transport truck

Police believe speed was a factor in Thursday collision

Trial slated to start Monday for accused killer of Abbotsford cop

Oscar Arfmann faces first-degree murder for death of Const. John Davidson

New airline regulations bring compensation for tarmac delays, over-bookings

Some of the new regulations will roll out in July, while others are expected for December.

Most Read

l -->