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Old Posted Aug 28, 2016, 3:44 PM
whatnext whatnext is online now
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Join Date: Feb 2009
Location: Vancouver
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Richmond realtor sues former employer for $250k:

A Realtor from Richmond is suing her former company, claiming she is owed nearly a quarter of a million dollars in commission for presale and completed deals she worked on before she left the agency.

Morning Yu was hired by New Coast Realty in 2013.

She alleges things took an ugly turn soon after she started when the owner, Ze Yu Wu, encouraged her to take part in a practice known as shadow flipping, which has since been banned by the provincial government.

Yu claims she was pressured to encourage people to sell their homes at low prices to her friends, relatives or neighbours, who would act as buyers.

Once the home was sold, it would be relisted at a higher price, allowing the company to double up on its commission.

Yu alleges when she told her boss she wouldn't shadow flip because it's unethical, the company stopped giving her referrals.

She says that forced her to quit late last year and claims the company owes her more than $240,000 in outstanding commissions....


http://www.cbc.ca/news/canada/britis...ping-1.3726886

It boggles my mind that I still listings with New Coast.