Disciplinary Hearing

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Jacob (Jake) Siemens, Jacob Giesbrecht Siemens
Brokerage at Time of Sanctioned Activity
eXp Realty
Current Brokerage
eXp Realty, Chilliwack
Disciplinary Hearing Date
2 October 2019


The Discipline Committee of the Council has found that Mr. Siemens committed professional misconduct, when, in his capacity as a managing broker, and in relation to the 2014 listing of a property located at XXXX Humphrey Road, XXXXXXX, B.C. (the "Property"), he:

  1. suggested to the listing agent for the Property, Mr. E, that he provide a loan (the "Loan") secured by a mortgage against the Property to his client, so that she could continue with construction on the Property;
  2. failed to properly advise Mr. E that the Loan could place him in a potential conflict of interest and to take reasonable and appropriate steps to avoid any conflict of interest; and
  3. failed to ensure that Mr. E documented the terms of the Loan before agreeing to pay the construction invoices and that Mr. E advised his client to seek independent legal advice about the Loan, the promissory note and the second mortgage that was to be registered against the Property.


The Discipline Committee will make a Decision and Order with Respect to Penalty at a later date.

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Disciplinary Hearing

Full disciplinary hearing is available as a PDF.

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