June 25,2025
RED FM News Desk
A Vancouver man and his company have been ordered to pay $80,000 to British Columbia’s real estate regulator after admitting to providing property management services without a license for over eight years.
Peter Ho Chiu Chu and his company, 168 Rock Solid Homes Ltd., acknowledged their unlicensed activities and agreed to the penalty in a consent order issued by the B.C. Financial Services Authority (BCFSA), published online Monday.
According to the document, Chu claimed he was unaware that a license was required to manage properties in B.C. until he was contacted by the BCFSA. He has since applied for a license, but the application was put on hold during the investigation.
The Office of the Superintendent of Real Estate—BCFSA’s predecessor—launched the investigation in August 2019 following a complaint. Investigators later identified at least 31 properties in Vancouver, Richmond, Delta, Burnaby, and West Vancouver that were managed by Rock Solid between 2012 and 2020.
The company’s services included advertising rentals, screening tenants, managing lease agreements, collecting rent and deposits, handling maintenance, and representing property owners at Residential Tenancy Branch hearings. Rock Solid charged 8.333% of rental income, plus GST on maintenance, and $100 for each RTB appearance.
Chu, listed as the sole director of Rock Solid, had previously promised regulators in May 2020 to stop offering real estate services without a valid license. However, investigators found he continued to manage properties for free, expecting future payment once licensed.
Chu ultimately agreed to a $75,000 administrative penalty and $5,000 to cover investigation costs.
This is the second recent penalty involving his household. In May, Chu’s wife, Rena Liang, and her Personal Real Estate Corporation, were fined $50,000 by the BCFSA for professional misconduct.
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