indeep singh aulak

8/17/2019 INDEEP SINGH AULAK

1/8

R

ITIS

H

CO

LU M

B I

N

THE

M ATTE

R OF T

HE M O

RTG AG

E BRO

KERS A

CT

R

.S.B.C .

1996 c.

31 3

-A ND-

IN D

EEP SIN

G H AU

LAK, a

lso kno

wn as

TED AU

LAK

SUSP

ENSIO N

O RD E

R

Pu

rsuant

to

ss . 8

1) and

8 2) of

the M

ortgag

e roke

rs

c

t

Based on

mate

rials s ub

mitted

by staff

o f the R

egistra

r

o

Mor

tgage B

rokers (

Staff'),

I am of

the

opinion

and fin

d that:

Bac

kgroun

d

1. l

ndeep S

ingh Au

lak, als

o know n

as Te

d Aulak

( Mr. Au

lak ),

is registe

red in

B

ritish

Colum

bia as a

s ubmo

rtgage b

roker w

ith Dominon Lending Centres Mou ntain View

( Mou

ntain V

iew ) pu

rsuant t

o th e

Mortga

ge rok

ers

ct

(th

e Act )

.

2. M

r. Aulak

was reg

istered

under th

e Act

on April 4

20 16 ,

and

he was no

t previo

usly

r

egistere

d under

the Act

.

3. The

designa

ted ind

ividual f

or Mou n

tain V ie

w is

W e

nde Da

wes .

4. O

n Ap ril

15 2016

, the R

eal Esta

te Cou n

cil o f B

ritish Co

lumbia

(the Co

un cil )

contacte

d

Sta ff a

nd advis

ed that

o

n Jan

uary

20 20 16,

Mr. Aula

k may h

av e w r

itten the

Real E

state

Trad

ing Ser

vices L

icensing

Exami

nation (

the RE

TS Exam

) in pl

ace of

Mr. Ryan

Gurind

er

Rana

( Mr. R

ana ).

R

egistrar

o f M ortg

age B rok

ers

2

80 0-555

W es t Has

tings

Vanc

ou ver B

C V6B 4

N6

T

elephone

: 604 660

-3555

Fa csimil

e: 604 66

0-3365

ww

w.f ic.go

v.bc.ca


2/8

5. Mr.

Rana (together with Ryan Rana Personal Real Estate Corporation) was licensed with

the Council to provide trading services on February 12, 2016.

6. On April 20, 2016, the Real Estate Council issued an order under section 45 of the Real

state

Services

Act suspending Mr. Rana s (together with Ryan Rana Personal Real

Estate Corporation) licence effective immediately.

egislation

7.

Section 4 of the Act provides:

The registrar

a) Must grant registration or renewal of registration to an applicant if in the

opinion of the registrar the applicant is suitable for registration and the

proposed registration is not objectionable ...

8. Section 8 of the Act provides the following:

1) After giving a person registered under this Act an opportunity to be heard, the

registrar may do one or more of the following:

a) suspend the person s registration;

b) cancel the person s registration;

(c) order the person

t

cease a specified activity;

d)

order the person to carry out specified actions that the registrar

considers necessary

to

remedy the situation,

if,

in

the opinion of the registrar, any of the following paragraphs apply:

e) the person would be disentitled to registration if the person were an

applicant under section

4;

f)

the person is

in

breach of this Act, the regulations or a condition of

registration;

g) the person is a party to a mortgage transaction that is harsh and

unconscionable or otherwise inequitable;


3/8

h) the person h

as m ade a statem

ent in a record

filed or provided

under this

Act that, at th

e time and

in

the

l ig ht of the circu

mstances under

which the

statement was

made, was fals

e r misleading w

ith respect to a

material

fact or that om

itted to state a m

aterial fact, the o

mission o f which

made

the stateme

nt false or misle

ad ing;

i)

the

p erson has con

du cted or is cond

uc ting business

in a m anner that

is

prejudicial to th

e public interest;

0)

the pers

on is in breach o

f a provision of P

ar t 2 or 5 of the

Business

Prac

tices and Consu

mer Protection

ct

p

rescribed unde r

se ction

9.1

2

).

2)

If t

he length of time

th at would be re

qu ired to give the

person an oppo

rtunity to

be

hea

rd under subsect

ion 1) would, in

the registrar's op

inion, be prejudic

ia l

to the p

ub lic interest, the

registrar may su

sp end registratio

n without giving

the

person

an opportunity to

be heard.

3)

If

un der subsection

2) the registrar

suspends regist

ra tion without giv

ing the

person

a

an

opportunity

to be heard, the

registrar must p

ro mptly send writ

ten

notificatio n o f the suspens ion

to

the person and

to

the tribun al.

nvestiga

tion

9. Both the

R TS

Exam an

d

th

e Mortgage Bro

ke rage in British

Columbia Exami

nation (the

"Mortgage B

roker Exam") ar

e administered

by the Real Estate

Division of the S

auder

School of Bu

siness, at the U

niversity of British

C olumbia ("Sau

de r").

10. After

being notified by

th e Council that

Mr. Aulak may h

ave written the R

ET S Exam in

place o f Mr. Rana, Sta ff reviewed Mr. Aulak's Ex amination Ad mission Ticket for the

J

anuary 20, 2016

si tt ing o f the M o

rtgage Broker Ex

am , to which a p

as sport photo of

M

r.

Aulak, dated J

an uary 6, 2016,

was attached.


4/8

11.

Sta

ff also

revie

wed t

he Ex

amina

tion A

dmis

sion T

icke t

in Mr

. Ran

a's na

me, fo

r the

Dec

embe

r

1

5,

20 15

sitting

o the

RET

S Lic

en sing

Exa

minat

ion, to

whic

h a pa

ssp o

rt pho

to

was

also

attach

ed. T

he pa

ssp o

rt pho

to w as

take

n at

Ph o

to St

ud io lo

cated

at

; S

treet,

Surre

y, B.C

. (

Pho

to ) an

d wa

s date

d No

vem b

er 20,

2015

.

12.

In th

e p ho

togra

ph s u

bm itte

d in M

r. Au

lak's

na me

for th

e M or

tgag e

Bro k

er Ex

amina

tion

-

Admis

sion

Ticket

, Mr_

Aulak

is w e

aring

a turb

an an

d has

a ful

l bea

rd_ In

the ph

otogr

aph

at tach

ed to

the R

ETS E

xam

ination

Adm

ission

Tick

et i

n

M

r. Ra

na's

name

, the s

ubjec

t is

r

iot w e

aring

a turb

an an

d do e

s no t

have

a full

beard

.

13

. Th

e Offi

ce of the Registrar o f Mortgage Brokers maintains a M ortgage Broker T rac king

Sy

stem

( MBT

S ) w

hich h

olds

and in

clude

s the

regis

tra tion

infor

matio

n of c

urren

t

mor t

gage

broke

rs and

subm

ortg

age b

rokers

, and

those

appl

ying t

o regi

ster

as a m

ortga

ge

bro k

er or a

subm

ortga

ge br

oker.

14

, S

ta ff re

view e

d Mr.

Aulak

's MB

TS in

forma

tion_

The M

BT S

conta

ined

a sca

nn ed

copy

o f

Mr. Aula

k's

BC Dri

ve r's l

icen s

e No.

.

Th e re

siden

tial a

dd res

s as s

oc iate

d with

Mr.

Au

lak M

BTS

record

is

ph o

ne nu

mbe r

is (60

4)

Str

eet, S

urrey

, Britis

h Co

lumbia

, and

the a

sso c

ia ted

15

. C

orresp

ond e

nce fr

om S

auder

to th

e Cou

ncil d

ated D

ece m

ber

18, 20

15, in

form e

d the

C

ou ncil

that a

pers

on wh

o ide

ntified

as b

eing M

r. Ra

na at

tend e

d to w

rite th

e RE

TS E

xam.

H

oweve

r, the

gov e

rnme

nt iss

ue d p

ho to i

de ntif

ication

pres

ented

by hi

m, did

not

match

Mr.

Ra

n a's a

pp ea r

ance ,

and h

e w a

s refe

rred to

a la

wyer o

r not

ary to

get fu

rther

assur

ance

s

reg

arding

his id

entity

. Th e

pers

on wh

o ide

ntified

as

M

r. Ra

na the

n pro

vided

Saud

er w i

th

an

a

ffidav

it, wh

ich at

tached

the

sam e

photo

graph

on th

e RE

TS E

xa m T

icket

in Mr

. Ran

a's

nam e

, to c

onfirm

the i

dentit

y o th

e per

son w

ho pr

esent

ed him

self

to w ri

te the

RET S

Exam

, a

s

M

r. Ra

na (th

e Af

fid avit

).

16.

Staf

f also

revie

wed th

e Le

arner

Ide n

tif icati

on V e

ri ficat

ion Fo

rm f

or the

Tra d

in g Se

rvice

s

Applie

d Pra

ctice

Real

Estate

Cou

rse

in the n

ame

of Rya

n Ra

na, da

ted J

anuar

y 27,

2016.

T

he p h

otogra

ph a

ttache

d to t

he fo r

m is t

he s a

me ph

oto

as that

attac

hed

in the A

ffida

vit,

and

th e

photo

graph

attac

hed t

he RE

TS E

xam

Tick e

t in Mr

. Ran

a's na

me.


5/8

1

7. T

he

ph ot

ogra

phs

atta

che

d to

the

RET

S E

xam

Tic k

et i

n Mr

. Ra

na's

na m

e,

the A

ffid

avit

and

the

Lea

rner

Ide n

tific

ation

Ve

ri fica

tion

Fo

rm a

re c

ollec

tive

ly th

e S

ubm

itte d

Ra

na

Ph otographs .

18

.

Sta

ff re

view

ed a

sc r

een s

hot

o M

r. R

yan

Ran

a's

web

site,

at w

ww

.rya

nso l

dit.c

a. T

her

e ar

e

ph

otog

rap h

s o

f Mr.

Ra

na

on th

e we

bpa

ge,

whic

h do

no

t res

emb

le th

e S

ubm

it te d

Ra

na

P

hoto

grap

hs.

19.

The

Co

unc i

l ad v

ised

tha

t th e

y c o

ndu

cted

soc

ial m

ed

ia se

arc h

es

o M

r. R

ana,

an d

fo u

nd

th

at

Mr A

ulak

and

M

r Ra

na a

re f r

iend

s

on a s

ocia

l me

dia

web

site .

Th

e so

cial

med

ia

w

ebs

ite d

epi

cted

pho

tos

o

Mr Au

lak .

The

Co

unc i

l als

o en

gag

ed a

priv

ate

inv e

stig

ato r

who compa red the socia l media pho tos to the photo atta che d to th e Ran

a A f

fid av

it, u

sing

ph

oto

matc

hing

so f

twar

e. T

he

inve

stiga

tor

dete

rmin

ed

that

the

two

pho t

os w

ere

a li k

ely

m

atc

h.

2

0.

Aft

er re

view

ing

all o

f the

ph

otog

ra ph

s of

bot

h Mr

. Au

lak

and

Mr.

Ra

n a S

ta ff

is o f

the

op

inion

tha

t the

Su

bmit

ted

Ran

a P h

oto

gr ap

hs a

re th

at o

f

Mr Au

lak

an d

not M

r.

Rana

.

21

.

S ta f

f em

ailed

a c

opy

of th

e p

hoto

gra p

h a

ttach

ed

to th

e R E

TS

Exa

m T

icke

t in M

r.

Ran

a's

na m

e t

o W

en de

Da

wes

, th e

De

sign

ated

Ind

ividu

al

or Mr

. Au

lak,

and

inq

uire

d i s

he

reco gn ized the per son

in

the photograp

h. M

s.

Daw

es r

eplie

d th

at s

he th

oug

ht i t

was

a

d

iffer

ent

indiv

idua

l an

d d i

d no

t ide

ntify

Mr.

Au

lak in

the

ph

otog

raph

.

22.

St

aff r

evie

wed

the

MBT

S r

ec or

ds

or th

e In

divid

ual

iden

tified

by

Ms.

Daw

es ,

and

de

ter m

ine

d th

at al

thou

gh t

here

we

re s

ome

sim

ilar i

tie s

in th

e ph

otog

rap

hs , t

he p

erso

n

iden

tifie

d by

Ms

. Da

wes

was

no t

the

sam

e p

erso

n de

pict

ed in

the

ph o

tog

ra ph

atta

che

d to

the

RET

S E

xam

tick

et in

Mr

. Ra

na's

nam

e.

23

. O

n A

pril

18

2016

, St

aff a

tten

ded

at th

e

P

hot

o St

udio

at

St

reet,

Surrey,

BC

a

nd s

pok

e to

the

prop

riet

or ,

Mr

S

.

Mr.

S

r

ev ie

wed

the

pas

sp or

t ph

oto a

ttac

hed

to t

he R

ETS

Ex

am

Tick

et in

M

r Ran

a's

nam

e an

d a

cce s

sed

his

cus

to m

er d

ata b

ase

at t

he r

eque

st o

f Sta

ff.


6/8

2

4. M

r

S

_ pro

vided S

ta ff with

a copy

o a pas

sp ort ph

oto comm

issione

d by a p

erson w

ith

t

he last n

ame of

Aulakh

on Nov

ember

20 2015.

Staff d

etermine

d that th

e photo

graph

is

the sam e

as

the one

in

the Submitted Rana Pho tographs. The record provided by

Mr.

S

also i

ncludes

the pho

ne numb

er

, w h

ich is th

e

phone n

umbe r fo

und

in M

BTS rec

or ds ass

ociated

with

Mr Aulak.

25. The

Counci

l further

advised

Staff th

at M

r

Au

lak and

Mr Ran

a appea

r to be p

rofessio

nally

as sociat

ed with e

ach oth

er. Mr.

Aulak i

s the regis

tererd o

wner

o property

located

at

Av

enue, S

urrey, B

rit ish Co

lumbia.

Mr Ran

a's webs

ite: ww

w.ryans

oldit.ca,

ad v

ertised

a listing

fo r this p

roperty

that was

describ

ed s b

eing Un

der Con

struction

.L

uxurious

Custom

Design

ed and

Built Hom

e . Mr

. Rana's

website

also ref

ers to M

r. Aulak

s

a mortgage specialist.

2

6. On Apri l

15, 201

6 Mr. Ra

na adm

itted to th

e Coun

ci l that h

e did no

t write th

e RETS

Exam

and

that so

meone e

lse wro

te the R

ET S Exa

m for hi

m.

I AM T

HEREF

ORE OF

THE O

PINION

AND FI

ND that

Mr Aula

k is un s

ui table fo

r registr

ation

un

der

s.

4

o the Ac

t, and h

is regist

ra tion

as a subm

ortgage

broker i

s object

ionable b

ecause

:

(a

)

Mr. Aulak wr

ote the

Real Es

ta te Trad

ing Serv

ices Lic

ensing E

xamina

tion in p

lace of

Mr. Rana,

who was

subseq

uently li

censed

by the C

ouncil to

provide

real es

ta te

s

ervices;

and

(b)

Mr. Aula

k swore

a false

af fidavit

attesting

that he

was

Mr. Rana; a

nd

(c)

Mr. A

ulak app

lied for

re gistrat

ion in th

e Tradin

g Servic

es Appli

ed Prac

tic e Rea

l

Estate

Course

, on beh

alf of Ra

na.

I AM

THERE

FORE

OF THE

OPINIO

N that it

is in the

public i

nterest t

o make

a summ

ary orde

r

as

pe

rmitted

by s

.

8(2

) o the

Act beca

use:

·t


7/8

a)

Th e p r im ary p u rpo se o f the Act is protection

of th

e pu

blic

and

the

mai

nten

anc e

o f

pu b

lic c

onfi

den

ce in

the

mor

tgag

e in

dus t

ry.

Sec t

ion 4

of

the A

ct c

ontr

ibute

s to

th e

se

purp

os e

s

by

en s

uring

all

indiv

idua

ls w

ho a

re r

egis

tered

are

s ui

table

an

d the

ir

prop

ose

d reg

istra

tion

is

n

ot o

bjec

tiona

ble.

The

qua

litie

s tha

t m

ake

a pe

rso n

suit

able

for re

gist

ratio

n in

clud

e su

ch th

ings

as

hon

esty,

reli

abilit

y, in

tegr

ity a

nd

p

rofes

sion

alis

m.

Li

cen s

ing

and

regi

strat

ion a

re l

inc h

pins

of re

gula

tory

sys

tem

s. W

he n

ind

ividu

als

are

no

t pro

pe r

ly qu

alifi

ed to

be

licen

se d

or r

egis

tere

d by

the

reg u

lato

r, th

e pu

blic

is

pla

ced

at

ris

k w

hen

the y

w or

k wi

th th

es e

indi

vidu

als.

In th

e ca

se

of re

al es

tate

tran

sa c

tions

, a c

on s

ume

r ma

y

be ma

king

on e

of t

he l

arge

st fin

an c

ial in

ve s

tme

nts

in

t

hei r

lifeti

me,

and

they

t ru

st t h

at t h

ose

w ho

hol

d the

mse

lves

ou t

a

s licen

sees

o r

r

egis

tran

ts ar

e pr

ope r

ly qu

alifi

ed.

B

y

wr

iting

the

RET

S E

xam

i

n

p

lac e

of M

r. R

ana

, sw

earin

g a

false

af f

ida v

it, an

d

reg

ister

ing f

or a

co u

rse

in

pl

ace

of an

othe

r, M

r. A

ulak

has

dem

ons

trate

d b

oth a

com

plete

dis

rega

rd f

or re

gula

tory

auth

ority

, an

d al

so d

emo

nstr

ated

his

read

ines

s

to

dec e

ive

a reg

ulat

or a

nd th

e p

ublic

as

to th

e q u

alific

atio

ns o

f a l

icen s

ee .

Mr.

Aul

ak is

l

acki

ng

in all

of th

e es

sen

tial q

uali

ties f

or re

gist

ratio

n: h

on e

sty,

relia

bility

, In

tegri

ty

and p

rofe

ssion

alis

m.

It is

my

opinion that it is objectionable

to

have

as

a reg istrant

so

meo

ne w

ho

has

dem

onst

rate

d t he

y ar

e la

cking

in the s

e qu

alitie

s.

b)

Mr Aula

k s

actio

ns a

re p

artic

ular

ly co

nc e

rning

giv

en th

e s

hort

peri

od o

f tim

e

in

whic

h he

ha

s b e

en re

gist

ered

as a su

bmo

rtga

ge b

roke

r.

In ad

ditio

n, M

r. Au

lak

is

activ

e in

the

real

esta

te in

dus

try a

nd m

ain

taine

d a

prof

essi

ona l

rela

tion

ship

with

Mr.

Ran

a b y

listin

g o

ne o

his

pro

perti

es w

ith M

r. R

ana

, wh

om

he k

new

wa s

no t

p ro

perly

lic

ense

d;

(c) The len gth of time th at w ould be req uired to hold a h e aring to make

an

order under

s 8

1) o

the A

ct w

ould

be prej

udic

ial to

the

pub

lic i

ntere

st.

I ag

ree w

ith

Sta f

f tha

t a

he

arin

g o f

this

mat

ter w

ould

inv

olve

ap p

roxi

mate

ly 5

witn

ess

es a

nd w

ould

req

uire

at

lea

st 2

days

of

hea r

ing t

ime.

Sc

hed u

ling

th e

he a

ring

wo u

ld n

ot be

p o

ssibl

e un

til

app r

oxim

ate

ly Ju

ly o

f 201

6.


8/8

I HER

EBY SUSPEND

the registration

of Mr. Aulak, p

ursuant to ss. 8

2) and 8 1) of th

e Act, from

acting as

a submortgag

e broker in Britis

h Columbia unt

il further order

of the Registrar

regarding

final pe

nalty based

on the f indings of

facts in th is orde

r, pursuant to s

8 1) of the Act

.

TA KE NO

TICE that Mr. A

ulak may, unde

r Section 9

of

th

e Act, appeal th

is Order of Sus

pension

to the Financial

Services Tribun

al.

To:

INDEEP SIN

GH AULAK, al

so known as TE

D AULAK

.

Avenue

BC

To: FINAN

CIAL SERVICE

S TRIBUNAL

4

h

Floor, 747 Fort S

treet

Victo

ria , C

V8W 3E

9

Dated at the

City of Vancouve

r,

Province

of

Brit

ish Columbia

t

h is 2 day of A

pril, 2016

Car

olyn Rogers

Regi

strar of M ortgag

e Brokers

Province

of British Colum

bia

indeep singh aulak

Documents