November 4, 2016
CBC News Marketplace investigated 'double-ended' deals within the real estate market. In the investigation, CBC producers visited several top Toronto-area real estate teams, posing as homebuyers. In some cases, agents who held a listing promised to give their producers an advantage in a bidding war if they worked with them.
“DRAR strongly condemns the actions of any real estate professional who knowingly behaves in an unethical manner during the course of a real estate transaction,” said Sandra O’Donohue, President of the Durham Region Association of REALTORS® (DRAR). “We encourage RECO to investigate these videos and any alleged unethical behavior on the part of a registrant.”
“It is unfortunate that the actions of a few individuals could potentially harm the reputation of many,” said O’Donohue. “As you know, the overwhelming majority of Ontario REALTORS® are hardworking men and women who work in the best interests of clients and care about their communities.”
In response to this developing issue, OREA is taking the following actions:
- OREA will be sending out an all member communication that condemns the behaviour and rejects the notion that somehow the Marketplace tape is reflective of the broader REALTOR® population.
- OREA has reached out to stakeholders in government to communicate concerns and discuss the potential for higher fines for REBBA Code of Ethics violations; and
- OREA will be meeting with Minister Marie-France Lalonde in the coming weeks to discuss strengthening consumer protection in REBBA.
DRAR has full trust that OREA is working diligently to engage the media and policymakers on this issue.
Article: http://www.cbc.ca/news/business/better-enforcement-steeper-fines-what-s-needed-to-fix-the-real-estate-industry-1.3835689
Facebook: https://www.facebook.com/DRAR54/posts/1230953090310748
Twitter: https://twitter.com/DurhamRENews/status/794630040700985344
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