The Kelowna owner of a property management company has been stripped of his managing broker licence and ordered to pay $3,800 after he was late filing the company’s books three times in four years.

According to an Oct. 22 BC Financial Services Authority decision, Gregory James Bickert’s brokerage, Inspire Property Management, was found to have committed professional misconduct for failing to submit the company’s annual filings for its fiscal.

The regulator said the company has filed paperwork late three times in four years and was previously fined $1,000 for not doing so.

“Even when Mr. Bickert received an email from BC Financial Services Authority specifically enquiring as to not only the late 2025 filing, but the outstanding 2024 penalty, he did not respond in any way,” the decision reads. “The fact that Mr. Bickert simply ignored the 2024 Penalty, and took no steps towards addressing the 2025 filings until well after they were due, suggests to me that Mr. Bickert simply did not take this regulatory requirement seriously.”

The decision sayid Bickert was supposed to have filed his year-end financials with the Financial Services Authority by the end of March but still hadn’t done so.

“Mr. Bickert apparently took no steps to even engage an accountant to complete the 2025… filings until late May 2026, well after the deadline for those filings had passed,” the Financial Services Authority said.

The decision said no harm was caused by the late filings, and the decision highlights the stringent regulations governing property management.

In the decision, Bickert blamed a series of “bad hires,” a reliable member of staff leaving and a death in the family.

However, the Financial Services Authority said his complete disregard for dealing with the paperwork outweighs those issues.

The Financial Services Authority said that despite the fact there was no impact on the public does not mean the misconduct was not serious.

“The fact that this was the third time the Brokerage has not completed its… filings in a timely manner out of the previous four years, suggests that this is misconduct on Mr. Bickert’s part that requires a significant degree of specific deterrence,” the Financial Services Authority said.

The regulator stripped Bickert of his managing broker licence.

Bickert said he would be forced to sell the brokerage if his licence was cancelled, but the regulator dismissed the argument, saying it was an “overstatement of the actual circumstances.”

Ultimately, the regulator cancelled his managing broker’s licence, but allowed him to continue being licensed as an associate broker.

He’s also on the hook for $3,800 to cover enforcement expenses, and has to file his year-end finances within 90 days. If he doesn’t, his brokerage licence will be cancelled immediately.