A Richmond real estate agent has been suspended for a year for paying more than $200,000 for referrals on 17 house sales which came to him from a Chinese website dedicated to pushing B.C. real estate. Wang told the council he was approached by a former client in September 2012, who said a friend called FN was in search of a Realtor. 'Shadow-flipping' lawsuitWang was previously disciplined by the real estate council in 2012 for collecting deposits and waiting as long as 67 days to hand them over to a brokerage. In their response, Wang and the real estate firm named in the suit deny "being a party to any conspiracy or scam."
Source: CBC News August 25, 2016 22:34 UTC