TORONTO, Oct. 14, 2022 (GLOBE NEWSWIRE) — On behalf of the almost 70,000 REALTOR® Members of the Toronto Regional Real Estate Board (TRREB), we unequivocally condemn the behaviour highlighted within the CBC Marketplace investigative report on mortgage fraud.
There is not any place in our career for individuals who act unethically. For far too lengthy, the status of many hardworking REALTORS® who work tirelessly on behalf of their shoppers has been tarnished by the actions of some who don’t have any place calling themselves a REALTOR®.
As the regulator, we’ve got known as on the Real Estate Council of Ontario (RECO) for a few years to deal with considerations about unethical behaviour. REALTORS® have themselves advocated for increased requirements with no measurable end result. The time for RECO to behave is now. TRREB has knowledgeable requirements course of the place we maintain Members to account. Our regulator must do the identical if their function because the issuer of licenses and regulator of the career is to be efficient.
As a part of their investigations, RECO also needs to guarantee brokerages are offering efficient oversight as required by the Real Estate and Business Brokers Act – quickly to be the Trust in Real Estate Services Act. Brokers of Record have a accountability for the actions of their REALTOR® Members, and if pervasive abuses are evident inside a corporation, RECO ought to consider the health of the Broker of Record.
TRREB is asking for public disclosure of the names of these people recognized by the CBC Marketplace investigation. Further, CBC ought to present all the uncensored work product of their investigation to RECO, and we hereby demand that RECO begin an investigation and take decisive motion and revoke the license of any actual property agent if there’s proof of fraudulent behaviour. This is a request being made by me, as a REALTOR®, on behalf of our REALTOR® Members.
Kevin Crigger
TRREB President
Media Inquiries:
Genevieve Grant, Manager, Public Affairs [email protected] 416-443-8159
The Toronto Regional Real Estate Board is Canada’s largest actual property board with greater than 70,000 residential and industrial professionals connecting individuals, property and communities.
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