6 Common questions we receive from registrants

6 Common questions that RECO receives from registrants

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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Regulatory Decisions
Licence Appeal Tribunal

 

Name Location Date Reason Type Result
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

 

Name Reg. Status Location Charge Date Result
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
a suspended
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

 

Name Location Date Result Keywords
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

 

Resolved Complaints
Click here for dispute resolution outcomes

Follow-up on RECO’s AGM

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.

Read it

 

Author: bramptonrealestateboard

At the Brampton Real Estate Board (BREB) we believe in the ownership of Real Estate. Our objective is to contribute to the capability and growth of our members in their endeavors by marketing all forms of real property throughout the greater Brampton, Halton Hills and Caledon marketplaces and beyond. The Brampton Real Estate Board is dedicated to providing an environment in which it’s Member REALTORS®, employees, Board of Directors, and Committee volunteers are encouraged to grow, succeed and develop in order to provide the highest level of professional conduct and service.

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