Latest Updates Around The World
Raman Dua, broker and CEO of Save Max Real Estate Inc. (source: Save Max). Ontario’s real estate regulator has taken enforcement action against four Save Max brokers after an investigation revealed millions of dollars had been unlawfully withdrawn from real estate accounts. In a Feb. 3 notice, the Real Estate Council of Ontario (RECO) said […]
When JPMorgan acquired Charlie Javice’s startup Frank for $175 million in 2021, it agreed to pay her legal fees if she got into trouble. Then she got into trouble. Javice told the bank that she had millions of customers, but that she had falsified much of her customer list. She was convicted of fraud in […]
The Ontario government will take control of the Real Estate Council of Ontario (RECO), Minister Stephen Crawford has announced. In a letter to RECO President Katie Steinfeld and CEO Brenda Buchanan Friday morning, Crawford said he has appointed veteran communications and government relations professional Jean Lepine as RECO’s administrator, effective Monday. “Over the past three […]
Former iPro Realty Ltd. agent Nayaki Penumarthy says the fallout from the $10 million trust account scandal that surfaced in August has left scars on her and her family. The Burlington real estate agent said she owes $170,000 in sales commissions, which has affected her ability to pay her bills and even left her in […]
New revelations have come to light that fill in the gaps in what could be the biggest Canadian real estate story of 2025: the $10 million iPro Realty Ltd. trust account scandal. The trust fund fraud’s approach to it has been as studied and investigated as the trust fund fraud itself Real Estate Council of […]
FAST HITS The developer’s attempt to add nearly $60,000 in additional costs beyond the APS terms was determined to be a breach of contract. Courts have ruled that sellers must provide clear documentation and justification for any additional costs stated in the adjustment statements. Because the seller had breached the APS, buyers were entitled to […]
It is a situation that every real estate agent fears: a buyer could not close his new construction deal. It was signed months, maybe even years ago, and the agent had already been partially paid. Those funds are long gone and have been used to run their businesses and their lives. Now the developer is […]
In a major legal victory, UFC veteran Jorge Masvidal has been granted $5 million in his legal battle against the online platform Bankwho promoted his boxing match of Nate Diaz. After an arbitrator’s ruling that upheld Masvidal’s right to $5,315,268.64 As a result of his fight agreement, Judge Beatrice Butchko Sánchez finalized the verdict. Although […]
Re/Max Canada confirms that the court has approved the agreement $7.8 million settlement of two class action lawsuits challenging real estate commission structures. The company confirmed in a statement to Real Estate Magazine that a decision was made this week, allowing Re/Max to move forward with addressing the allegations in the case. Sunderland And McFall […]
Real Estate Council from Ontario (Reco) was successful in obtaining various judicial orders in a hearing Monday, which the assets of the founders of Ipro Realty’s Ltd. freezes and one day fede Colucci and Rui Alves gave to add their expected living and legal costs. Justice William Black of the Ontario Superior Court of Justice […]
