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.
Be plugged in to what’s happening with your regulator. Follow us on social media!
Want to know about articles that can help you comply with the regulations in your day-to-day practice? When a helpful Ask Joe column comes out, do you want to hear about it? Are you looking for helpful tips that you can share with your clients?
Follow RECO on social media to plug in to the resources of your regulator.
| 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 |
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.
Brampton Real Estate Board 