Genseric Hoklee Fung - Hearing Panel Decision

Calgary, Alberta – On September 23, 2013, a Hearing Panel of the Real Estate Council of Alberta (RECA) ordered that Genseric Hoklee Fung’s authorization to trade in real estate as an associate be suspended for a period of six months. The Hearing Panel also ordered Mr. Fung to pay a fine of $15,000, costs of $14,188 and complete an educational requirement. 

Mr. Fung was registered as a real estate associate with 814355 Alberta Ltd. o/a Royal LePage Summit Realty at all material times. 

The Hearing Panel also ordered that in the event Mr. Fung is reinstated following authorization suspension and successful course completion, for one year, he will be required to report weekly to his broker, he will supply all trade documents and records to his broker and he will permit his broker to directly oversee and supervise his activities to enable a written report to be maintained. Such report will be made available to RECA’s Executive Director as and when requested.

The Hearing Panel found Mr. Fung:

To review the Hearing Panel decision in its entirety, please click here.

The Real Estate Council of Alberta (RECA) is an independent, non-government agency, responsible for governing real estate, mortgage broker, and real estate appraisal industry professionals under Alberta’s Real Estate Act. RECA is mandated to protect consumers and to provide services that enhance and improve the industry and the business of industry professionals.