VANCOUVER, Nov. 20, 2015 /CNW/ - An Appeal Decision by the Financial
Services Tribunal of BC has upheld a decision by a Discipline Committee
of the Real Estate Council of BC to cancel the real estate licence of
James Sidney Parsons, an associate broker with One Percent Realty Ltd.,
Vancouver, who worked primarily in the Victoria area.
Following a hearing, a Discipline Committee of the Real Estate Council
had cancelled Mr. Parsons' licence effective April 27, 2015, as a
result of his failure to act in the best interests of his client during
a time when his client, due to her mental status, was in a highly
vulnerable state. Mr. Parsons subsequently appealed the decision of the
Discipline Committee to the Financial Services Tribunal. The filing of
the appeal by Mr. Parsons suspended the cancellation of his licence
pending the outcome of the appeal.
As a result of the Financial Services Tribunal's decision to uphold the
cancellation, effective November 17, 2015, Mr. Parsons is prohibited
from providing real estate services to or on behalf of any member of
The Real Estate 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. The Council is responsible for licensing individuals and brokerages
engaged in real estate sales, rental and strata property management.
The Council also enforces entry qualifications, investigates complaints
against licensees and imposes disciplinary sanctions under the 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