A former local realtor was fined $66,500 by the B.C. Financial Services Authority after she failed to disclose a key aspect about a Deep Bay property she sold to an unaware buyer. (Image Credit: Chris Burger)

By Ian Holmes

professional misconduct

Former realtor fined for botched sale north of Qualicum Beach

Jan 30, 2026 | 4:22 PM

NANAIMO — Failing to disclose a rural property for sale was under a restrictive archeological designation resulted in significant sanctions against the retired seller.

A recently published BC Financial Services Authority (BCFSA) ruling stated Judith Linda Bood (Judy Bood Personal Real Estate Corporation) was fined $66,500 after she sold a Deep Bay property for $300,000 in 2018.

The transaction resulted in $110,000 in losses for the buyer who quickly experienced severe development restrictions due to the the province’s Heritage Conservation Act.

The lot was later sold for $200,000 since the buyer could not develop the property as envisioned.

Prior to listing the property for sale a second time, Bood was informed that the lot was on an archaeological site, thus protecting it under the Heritage Conservation Act.

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Bood, a licensed realtor for three years at the time, confirmed the property’s restricted status after confirming with the Bowser-based archaeological firm.

“A property protected by the Heritage Conservation Act preserves the property and consequently alterations to the property site cannot be made without proper permits issued by the appropriate minister or delegate of the Archaeological Branch,” the decision stated.

Bood disclosed her selling client had been “very argumentative and difficult” and instructed her to withhold the fact the property was on an archaeological site to the prospective buyer.

The property disclosure statement signed by Bood, at the urging of her client, declared that the property was not of heritage significance.

Once that declaration by her client was made instructing her to withhold the archaeological status, the BCFSA stated Bood was obligated at that time to refuse any further trading services to the seller.

Furthermore, Bood stated her client described the interested buyer as a sophisticated developer.

In Mid-October 2018, an offer of $300,000 was made on behalf of the buyer by realtor Richard (Rick) Gildart to purchase the property for his client, which was accepted.

Gildart was fined $5,000 by the BCFSA last year for not ensuring he was aware of the property’s archeological designation.

Shortly after taking possession of the property, the buyer began clearing trees and brush from the lot, triggering a phone call from B.C. government authorities advising the property was an archaeological site and that any further work required necessary permits.

Bood, a former Comox Valley based realtor, disclosed she was experiencing health and financial difficulties at the time of the property listing.

She reported feeling “exhausted and overwhelmed,” and did want her health difficulties to affect her clients.

“…she had simply accepted her seller’s explanation that the buyer was sophisticated such that disclosure was not required, I place little weight on that explanation.”

The 70-year-old Bood is retired and has no plans to re-apply for her realtors’ license which she surrendered.

She formally dissolved her real estate firm in May 2024, according to the Ministry of Citizens’ Services.

In addition to a $60,000 penalty, an extra $6,500 in enforcement expenses representing the “nature, duration and complexity” of the matter for the BCFSA to investigate.

B.C.’s real estate regulator gave Bood 60 days to pay the fines as of Jan. 20 for the flagrant case of professional misconduct.

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