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.
I went through a FINTRAC audit last summer. It ruined a few weeks of my summer. This agency doesn't know what it is doing when it comes to our industry. They dragged us around for a month, made us fearful for no reason at all, and actually, at one point stated that our forms as supplied by CREA were insufficient and non compliant. When I challenged this guy to the senior team and to CREA, he backed down. Bully tactics. And what is this useless 4 page identification document? Most paragraphs are not applicable in 99% of deals. Should be a simplified process...unless you suspect there is a reason to have more detail. I am pretty sure this is just a big make work project for the government. Im all for stopping terrorism and money laundering, but I should not have to become a police investigator to do my job. We do our best to stay compliant and train our staff, but this organization is severely flawed.
Well said 100% agree! layering of the political agenda is chronic, more people trying to control the industry then actually working in it, some real change needed.
I entered the real estate brokerage business so I could be a tax collector (HST) and spy (FINTRAC) for the federal government. Didn't you? :) Downloading money laundering and terrorist detection obligations onto thousands of brokerages, financial institutions, jewelers, and others is among the stupidest things the Harper government did. I am all for nabbing terrorists and money launderers, but the job should be assigned to professionals (e.g. RCMP, CSIS, etc.), not amateurs.
Leading players in real estate and architecture will present the second biennial edition of Toronto of the Future
Changes reflect greater focus on advocacy and core member services, says CEO Tim Hudak
Blue Pearl Mortgage Group Inc. is expanding its footprint once again, this time with services in Ontario