VANCOUVER, May 10, 2012 /CNW/ - On May 9, 2012, pursuant to section 45 of the Real Estate Services Act, the Real Estate Council of British Columbia suspended the real estate licence of Smrat (Sam) Sharma, formerly licensed with Multiple Realty Ltd., Vancouver.
The Real Estate Council suspended his licence in the public interest as a result of Mr. Sharma's misappropriation of trust funds in relation to real estate transactions. Mr. Sharma 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 remains in effect until further notice.
Inquiries from concerned clients of Smrat (Sam) Sharma should be directed to the Real Estate Council at 604-683-9664.
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.
For further information:
Real Estate Council of British Columbia
T: 604-683-9664, Toll-Free 1-877-683-9664