Update: RE/MAX North Country Realty Inc.

Updated: January 28, 2020

On January 24, 2020, the registrations of RE/MAX North Country Realty Inc. and Ray Jarvis, broker of record, were revoked.

On January 27, 2020, RECO issued a Freeze Order freezing the bank accounts of RE/MAX North Country Realty Inc.

The revocations and Freeze Order follow the proposal to revoke, and order to immediately suspend, the registrations, which was issued on December 31, 2019. The registrants did not appeal the proposals to revoke. The proposals were a result of concerns related to shortages in the brokerage’s real estate trust account, the management of the brokerage and the financial position of both Ray Jarvis and the brokerage.

Freeze Orders are issued by RECO to protect consumer deposits.


Original Advisory Issued: December 31, 2019

On December 31, 2019, under the authority of the Real Estate Business Brokers Act, 2002 (REBBA) and in order to protect the public interest, the Registrar of the Real Estate Council of Ontario (RECO) issued an order to immediately suspend the registrations of:

RE/MAX North Country Realty Inc.

Operating in the following locations:

    • Huntsville (head office)
    • Bala
    • Bracebridge
    • Burk’s Falls
    • Gravenhurst
    • Haliburton
    • Kilworthy
    • Minden
    • Port Loring
    • Wilberforce

 
The order to suspend the registrations follows a Notice of Proposal to revoke the registrations of RE/MAX North Country Realty Inc.

All trading activities at RE/MAX North Country Realty Inc. and its registered branches must cease immediately.

RECO discovered a shortfall in RE/MAX North Country Realty Inc.’s statutory real estate trust account, where consumer deposits are to be held. Additional action may be taken and information will be made available through RECO’s website.

Individuals who may be impacted by the Suspension Order are asked to use the contacts listed below:

Home buyers and sellers with questions about the suspension order, including whether a pending sale or purchase will be completed on time, should contact:

Shaun Chu-A-Kong
Phone: (416) 207-4873
Toll Free: 1-800-245-6910, ext. 4873
Email: shaun.c@RECO.on.ca

Questions about consumer deposit claims, or other insurance-related inquiries, should be directed to RECO’s Insurance Department:

Jeremy Meuris
Phone: (416) 207-4875
Toll Free: 1-800-245-6910, ext. 4875
Email: insurance@reco.on.ca

Cooperating brokerages for trades in which RE/MAX North Country Realty Inc., holds the deposit and/or are owed commissions by RE/MAX North Country Realty Inc., should contact:

Jeremy Meuris
Phone: (416) 207-4875
Toll Free: 1-800-245-6910, ext. 4875
Email: insurance@reco.on.ca

Employees of RE/MAX North Country Realty Inc., with questions about commissions should contact the claims adjuster for RECO’s insurance program:

ClaimsPro LP
Toll Free: 1-877-740-1913
Toll Free Fax: 1-866-735-1033
Email: claims@reco-claims.ca

The insurer requires one Notice of Claim Commission Protection form per trade.  Claim forms are located on the insurer’s website: www.reco-claims.ca

Employees of RE/MAX North Country Realty Inc., with questions about the procedures for transferring a registration to a new brokerage should contact:

Shahin Rehmtulla
Phone: (416) 207-4826
Toll Free: 1-800-245-6910 ext. 4826
Email: registration@reco.on.ca


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