Winnipeg actual property agent barred after promoting First Nations’ property under market worth to relations – Winnipeg Free Press

Hey there, time traveller!
This article was published 27/11/2020 (621 days ago), so information in it may no longer be current.

A Winnipeg real estate agent who sold properties for three First Nations in Manitoba has been temporarily barred from the profession, after a disciplinary case found she sold her clients’ properties to companies controlled by members of her own family at prices below fair market value.

Sarah Pao was disciplined by the Manitoba Securities Commission over the sale of properties owned by Long Plain First Nation, Sandy Bay Ojibway First Nation and Birdtail Sioux First Nation.

Pao has been barred from the real estate profession for 10 years and has to pay $20,000 in costs, under a Nov. 17 order by the commission.CBC
The Manitoba Securities Commission investigated the sale of 42 properties located in Brandon, Winnipeg, Virden and Portage la Prairie, sold in 2013 and 2014.

To read more of this story first reported by CBC News, click here.

 

This content is made available to Free Press readers as part of an agreement with CBC that sees our two trusted news brands collaborate to better cover Manitoba.