Wednesday, October 13, 2010

Recent RECO Decisions Costly

Not following the rules can be costly to you the agent. Look at teh following recent RECO decisions that cost these agents greatly not only in monetary ways but in reputation.

In a recent decision a Registrant provided the Landlord with an employment letter for a Tenant that he knew was false. He was fined $13,000. Zoran Karanivic
The Listing Agent misrepresented the parking space for a condominium anbd the Selling Agent did not confirm that to her client. he was fined $8,000 and she was fined $4,000. Lorusso and Jiraskova
This Listing Agent misrepresented the square footage in the MLS and refused to cooperate with the Buyer's Agent in resolving the problem. She was fined $9,000. Annemarie Mills

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