Industry leaders are cautioning agents working Toronto’s west end, warning them about a seemingly ideal client intent on luring them to vacant properties.
Four months after having its hand slapped by TREB, this online brokerage is closing its doors.
in 1987 I was a Realtor with an independent real estate office in Calgary when the Police walked in and shut the office down arresting the owner/manager which resulted in a lenghty jail sentence for trust fraud and much more. After he got out of jail the Calgary Real Estate Board gave him his licence back!!!! I was stunned seeing how 80 plus Realtors lost over a million dollars in commissions. In Alberta if your office goes under because of fraud none of the Realtors associated with the guilty brokerage don't get the good fortune of having their commissions insured. Twenty nine years later I still feel this is not fair to the Realtors. Just before Christmas 2015 Royal Lepage Foothills collapsed affecting 165 Realtors and now there are rumours those Realtors are going to loose commissions as well. I thing the industry needs to change so that unless the Realtor is directly responsible for the fraudualant act their commissions should be insured. Mike MacLean RE/MAX Real Estate (Cental) CalgaryPs Hopefully the Realtors with this Brokerage won't loose the commissions they work so hard for.
Commissions are protected if you are in Ontario!
It is unfortunate that these 'bad apples' get their licences back. Only the other day, I noticed a Broker in Ontario whose licence was revoked by RECO a few years ago was back on the band wagon as a listing agent retaining his Broker title! I was stunned! In my opinion, when integrity and ethics are compromised, there should never be a 2nd chance. A leopard new changes it's spots!
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