Brian Madigan LL.B., Broker
BRMadigan@iSourceRealEstate.com

RE/MAX West Realty Inc.,
Brokerage
Independently owned and operated

96 Rexdale Blvd. 
Toronto, Ontario 


Phone: 416-745-2300
Toll Free: 1-888-507-0817

 

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$500 Per Minute Fine for Breaking and Entering

March 30, 2017 - Updated: March 30, 2017

 

$500 Per Minute Fine for Breaking and Entering

 

Relatively, that's a very light fine for breaking and entering which is a Criminal Offence.

 

In this case, it was a RECO fine against an Agent who released the lockbox code to his clients. They had arrived before him at the house. It was 31 January 2016 and I presume it was cold outside. He release the combination to the lockbox and the clients were able to retrieve the key and enter the house.

 

They were only there for 5 minutes, alone, before the Agent arrived.

 

Those 5 minutes cost the Agent $2,500.00 or $500 per minute. It’s lucky we’re not talking about a half an hour, or that would be $15,000.00.

 

Decision

 

The transgressions were summarized as the flowing breaches:

 

The Agent breached the following sections of the Code of Ethics:

 

Conscientious and Competent Service, Etc.

 

5 A registrant shall provide conscientious service to the registrant’s clients and customers and shall demonstrate reasonable knowledge, skill, judgment and competence in providing those services.

 

With respect to Unethical Practice only:

 

Error, Misrepresentation, Fraud, Etc.

 

38 A registrant shall use the registrant’s best efforts to prevent error, misrepresentation, fraud or any unethical practice in respect of a trade in real estate.

Unprofessional Conduct, Etc.

 

39 A registrant shall not, in the course of trading in real estate, engage in any act or omission that, having regard to all of the circumstance, would reasonably be regarded as disgraceful, dishonourable, unprofessional or unbecoming a registrant.

 

COMMENT

 

So, the rule would seem to be clear: don’t assist others (particularly your own clients) to break into people’s houses.

 

You do not have permission to release the key to anyone.

 

You have to be there, or a registered person with your company, has to be there.

 

Be there 5 minutes early, that way you’ll be “on-time”.

 

Don’t arrive 5 minutes late, everyone is going to be annoyed.

 

Release the lockbox code and pay $500.00 per minute (that’s expensive!)

 

 

Brian Madigan LL.B., Broker

www.iSourceRealEstate.com


Tagged with: breaking and entering fine key lockbox code release reco discipline ontario law
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Brian Madigan LL.B. Broker

RE/MAX West Realty Inc. Brokerage

Independently owned and operated

96 Rexdale Blvd. , Toronto Ontario,

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