Loading articles...

Vancouver-based real estate agent fined $18,000 for professional misconduct

Last Updated Jan 11, 2019 at 3:45 pm PST

Chen Yu, also known as Morning Yu. (Source: MorningYu.ca)

VANCOUVER (NEWS 1130) — Using a name that wasn’t approved by the Real Estate Council of B.C. has been a costly mistake for one Vancouver-based agent.

Chen Yu, also known as Morning Yu, has been collectively fined $18,000 for professional misconduct. The penalties are linked to two transactions, including the sale of a home in Richmond belonging to Yu’s mother.

Related:

Luxury home sales in Canada down in 2018: Sotheby’s report

Buyer/seller standoff behind Vancouver real estate sales dip: expert

Vancouver home sales fall to lowest total since 2000, detached home prices down

The decision says she committed professional misconduct¬†by operating under the name ‘Team Morning Yu’ while working for Metro Edge Realty, but that name had not been approved.

She’s also been reprimanded for failing to properly document records and if she doesn’t comply with orders to undergo more training, her licences could be suspended.

As Ms. Yu has a personal real estate corporation, the licence of Morning Yu Personal Real Estate Corporation was also reprimanded, and is equally responsible for paying the fines.