With over 80,000 registrants in Ontario, RECO handles a lot of inquiries. Here are six of the most common questions we receive about registration issues, advertising and more.
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|Licence Appeal Tribunal|
|Marina Bulman||Toronto, ON||February 28, 2017||-Past Conduct||Revoke||Conditions. Currently under appeal at the Divisional Court.|
|Distinction Realty Ltd.||Toronto, ON||February 28, 2017||-Past Conduct||Revoke||Conditions.
Currently under appeal at the Divisional Court.
|Provincial Offences Act|
|Yan Zhu, also known as Julia Zhu||Registered||Markham, ON||Failing to notify the Registrar, in writing, within five days, of a change to the information previously reported in an application for registration under the Act.||Convicted and sentenced: March 20, 2017||Guilty. Fined $1,500.|
|Rick Anderson||Not Registered||London, ON||Trading in real estate while unregistered under the Act.||Convicted and sentenced: March 23, 2017||Guilty. Received
sentence and placed on six months’ probation.
|Varinderjeet Singh Patheja, also known Sunny Patheja||Terminated||Mississauga, ON||Receiving commission or remuneration from someone other than a brokerage, and failing to deliver copies of lease agreements to his brokerage.||Convicted and sentenced: March 28, 2017||Guilty. Fined $6,000.|
|Victor Fishman||Terminated||Richmond Hill, ON||Failing to ensure that the brokerage complied with the Act.||Convicted and sentenced: March 31, 2017||Guilty. Fined $30,000. Placed on probation for 2 years and told to complete 100 hours of community service. Ordered to pay restitution in the amount of $64,156.14.|
|Homelife Victory Realty Inc.||Terminated||Richmond Hill, ON||Failing to prepare trust account reconciliation statements, failing to immediately deposit sufficient funds into a trust account to eliminate a shortfall, failing to disburse trust money in accordance with the terms of the trust, failing to notify the Registrar, within five days, of a change to the information previously reported in an application for registration.||Convicted and sentenced: March 31, 2017||Guilty. Fined $250,000.|
|Discipline Committee & Appeals Committee|
|Miton Kanti Parial, also known as Miton Parial||Toronto, ON||March 8, 2017||Fined $3,000 and ordered to complete one course.||Duty to Client, Conscientious and Competent Service, Misrepresentation (Negligence), Unprofessional Conduct|
|Click here for dispute resolution outcomes|
At RECO’s Annual General Meeting, we didn’t have time to answer all of the written questions we received.
This document includes questions that we didn’t have a chance to respond to during the meeting.