eMemo #4349

FVREB eMemo: Notice of license suspension for Lighthouse Realty Ltd. and Jovi Realty Inc.

 

To: All Members

From: Baldev Gill, Chief Executive Officer

Date: November 21, 2025

Dear Members,

 

On November 20, 2025, the British Columbia Financial Services Authority (BCFSA) issued an Order In Urgent Circumstances (OIUC), with immediate effect, to suspend the real estate licenses of the following brokerages: Lighthouse Realty Ltd. (Fraser Valley Real Estate Board) and Jovi Realty Inc. (Greater Vancouver REALTORS®).

 

Pursuant to the OIUC, the two brokerages must immediately cease providing real estate services to any member of the public. No listing or other real estate contracts may be entered into in the name of Lighthouse or Jovi.

 

As a result, all Lighthouse and Jovi listings have been removed from MLS® and all transactions in Lighthouse’s and Jovi’s bank accounts are frozen.

 

Members or brokerages who have ongoing or pending dealings with Lighthouse or Jovi are advised to take appropriate measures to ensure that agent licenses have been transferred to an active brokerage.

 

Please contact your Managing Broker for further direction. For more information about the BCFSA OIUC, please visit the .

 

 

Sincerely,

 

Baldev Gill

Chief Executive Officer

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