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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OREA’s Response to CBC Marketplace Investigation

November 7, 2016 - Updated: November 7, 2016

OREA’s Response to CBC Marketplace Investigation

 

Tim Hudak may be “new” to OREA, but he certainly isn’t new to regulation of the real estate industry.

 

Tim was the Minister in charge when the Real Estate and Business Brokers Act, 2002 was passed.

 

While he doesn’t officially assume his role as CEO of the Ontario Real Estate Association until December, he has already expressed some firm views on this matter of unethical conduct by agents double ending and rigging the bids.

 

Tim Hudak would like to see:

 

·        Increased fines

 

·        Increased enforcement by RECO

 

·        Increased investigation by RECO

 

·        A modernized REBBA, 2002, (in effect a brand new REBBA, 2017)

 

Here is a link to OREA’s response:

 

http://www.cbc.ca/news/business/better-enforcement-steeper-fines-what-s-needed-to-fix-the-real-estate-industry-1.3835689

 

If you would like to discuss the implications, please contact me.

 

Brian R. Madigan, LL.B., Broker

 

RE/MAX West Realty Inc., Brokerage

416-745-2300 (office)

BRMadigan@Rogers.com (e-mail)

www.iSourceRealEstate.com (web)


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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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