Fraud Alert: August 28, 2014

August 28, 2014

The Real Estate Council of BC (RECBC) has suspended the licence of 8th Avenue Elite Realty Ltd., dba 8th Avenue Elite Realty ("Elite") in Surrey, and has frozen its bank accounts. The RECBC says it suspended Elite's licence in the public interest, as a result of the failure of the firm to account for trust monies held on behalf of clients.

D. Manning & Associates Inc. was appointed receiver on August 27, 2014 by order of the Supreme Court of British Columbia. Lawyers may contact William Choo at wc@manning-trustee.com or 604.683.8030 with any enquiries relating to money due to Elite or its agents. New bank accounts in the name of the court-ordered receiver, D. Manning and Associates Inc., have been opened.

Questions or concerns about money received or due from Elite to complete the closing of transactions should be directed to Angie Smith, Senior Compliance Officer at the RECBC, at asmith@recbc.ca or 604.683.9664.

For any other questions, lawyers may contact a Law Society practice advisor.