BC realtor loses license after manipulating inexperienced sisters | iNFOnews lolita, 05/08/2025 FILE PHOTO Image Credit: ADOBE STOCK March 21, 2024 – 7:00 PM Lower Mainland realtor Gobinder Kaur Takhar has surrendered her real estate license and agreed to pay fines and fees of $57,000 after manipulating three sisters in a Chilliwack real estate deal. While she agreed to a BC Financial Services Authority order earlier this month, the real estate deal took place in 2017. Three sisters, who are identified only by their initials in the financial services report, received a small inheritance and wanted to grow that through a real estate investment in a rental property in early 2017. “All three sisters were in a position of financial hardship: PG was widowed and had a daughter to support; CJ was divorced and single with a son to support; and BA have three daughters, the youngest with special needs,” the report says. “They were inexperienced with real estate investments.” They initially worked with one realtor. Takhar filled in for that realtor for vacation coverage and had brief dealings with the sisters during that time. On July 31, 2017, the sisters, through the first realtor, submitted a bid of $350,000 for … Continue Reading
Rules that helped set real estate agent commissions are changing. Here’s what you need to know lolita, 26/03/2025 The cost of hiring a real estate agent to buy or sell a home may soon change, along with decades-old rules that have helped determine broker commissions. The policy changes could help spur price competition for agents’ services and lower the costs for sellers who now typically cover the commission for the buyer’s agent, as well as that of their own. In turn, more homebuyers could face pressure to pay for their agent’s commission out of pocket. That could be a challenge, especially for buyers already stretching financially to make a down payment and cover other upfront costs involved in buying a home. Still, housing market watchers say it can’t be immediately determined how significantly any changes that could potentially shift the cost of hiring an agent to a homebuyer will affect home sales. An adjustment period is likely as buyers, sellers and agents figure out how to navigate what comes next. “I just think it’s too soon to tell,” said Greg Kling, an associate professor at the University of Southern California Marshall School of Business who has taught and written about real estate taxation. “We’re going to either see prices are going up for buyers, or the market is … Continue Reading