VANCOUVER, Sept. 12, 2014 /CNW/ - The Real Estate Council of British
Columbia (the "Council") advises that the real estate licence of Diversified Properties Ltd., Victoria, was suspended on September 10, 2014.
The Council suspended this licence in the public interest as a result of
Diversified Properties Ltd.'s unauthorized withdrawal of funds from one
client's trust account and subsequent failure to comply with the
direction of Council to cover the shortage in that trust account.
Diversified Properties Ltd. is prohibited from providing real estate
services to or on behalf of any member of the public as a result of
this order. This suspension is in accordance with section 45 of the Real Estate Services Act and remains in effect until further notice.
Any concerned clients of Diversified Properties Ltd. should direct their
inquiries to the Council at 604-683-9664 or toll-free at
The Council is a regulatory agency established by the provincial
government. Its mandate is to protect the public by enforcing the
licensing and licensee conduct requirements of the Real Estate Services Act.
SOURCE: Real Estate Council of BC
For further information:
Real Estate Council of British Columbia
T: 604-683-9664, Toll-Free 1-877-683-9664