This is an interesting case where the agent attempted to take advantage of the client but failed in his attempt. His reward was an $8,000 fine from RECO. Gordon Sumner, …
Buyer’s Agent Should Attend Home Inspection
Agent Penalized for Failing to Attend Home Inspection The Buyer’s representative sent her own relative to attend a home inspection on her behalf. She arranged for the inspection. The Listing …
Be Careful about “parking”
Agent Fails to Discover Parking Pads Legality AGREED STATEMENT OF FACTS AND PENALTY 1. Fred Flintstone is a member of RECO and is registered as a salesperson under the Act. …
Agent Makes Investment Property Errors (RECO Discipline)
This is another RECO Discipline Case. In this situation, Wilma Flintstone made some errors. She acted for Betty Rubble in the purchase of an investment property, that is, one for …
Agent Let Insurance Lapse (RECO Discipline)
The agent who let his insurance lapse was quite fortunate. He overlooked paying it, received some notices, ignored them, received a registered letter of Suspension and ignored that too. The …
Agent Fails to Explain Commission Reduction Properly: Faces Discipline
The Real Estate Council of Ontario just looked at a case involving a proposed commission reduction. The Agent offered an inadequate but self-serving explanation to the clients and later faced …
Agent Disciplined for Series of Inconsistent Listings
The Real Estate Council of Ontario just imposed an $8,000.00 fine on an agent who had several listings “on the go” at the same time for the same property. There …
Agent Backdates Documents and Witnesses Without Being Present (RECO Discipline)
Barney Noble had a listing of a condominium. His friend and real estate agent, Bill sent him a referral from Quebec. Barney arranged for Omar to handle the transaction on …
Two Agents Conspire To Break Into Seller’s House (RECO Discipline)
This might seem to be an episode of the “Keystone Cops”, but it isn’t. Fred Flintstone listed a property. He negotiated successfully the sale of the property with the Buyer’s …
Tell Everyone About Commission Reduction Proposal: RECO Discipline
Betty Crocker was the Listing Agent and hosted a bidding war. One of the agents offered to reduce his commission. The property was listed at $1,198,000.00 and the Listing Agreement …