Legal Support for RECO, TRREB and OREA Matters
Navigating the complex regulatory requirements of Ontario’s real estate authorities can be challenging, and even the most diligent registrants can find themselves facing legal and regulatory issues.
Simply Legal provides guidance to realtors and brokerages through frequently experienced legal and regulatory issues effectively and efficiently, ensuring registrants remains compliant and protected.
Common Issues for Realtors & Brokerages
1. Misrepresentation
Providing inaccurate information about a property, including its condition, features, or history, can lead to legal conflict and regulatory penalties.
2. Failure to Disclose
Not disclosing important information, such as property defects or zoning changes, can result in disputes and regulatory action.
3. Negligence or Errors in Judgment
Complaints to regulatory authorities may be the result of actions that demonstrate a lack of diligence, such as missing deadlines or failing to advise clients appropriately.
4. Non-Compliance with Advertising Standards
Violating advertising regulations, such as using misleading claims or failing to include necessary disclosures, can lead to fines and disciplinary action.
5. Improper Disbursement from Trust
Mishandling trust funds or deposits can result in serious legal and financial consequences including significant fines, audits and loss of licensing. We can help ensure your trust accounts are managed in compliance with regulations.
6. Inadequate Record Keeping
Failing to maintain proper records of transactions, communications, and agreements can lead to compliance issues and disputes.
7. Addressing Findings from RECO Investigations
Non-compliance discovered during inspections requires immediate corrective action. We can assist in preparing for inspections and addressing any findings.
8. Breach of Fiduciary Duty
Not acting in the best interests of clients, including conflicts of interest, can expose agents and brokerages to legal claims.
9. Failure to Identify & Disclose Conflict of Interest
Not informing clients about potential conflicts, such as dual agency situations, can result in regulatory penalties. We guide you in proper disclosure practices.
10. Violations of the Code of Ethics (RECO & TRREB)
Complaints often arise when registrants fail to uphold ethical standards, including honesty, integrity, and transparency in their dealings.
11. Failure to Follow TRESA Regulations
Ignoring the rules set out in TRESA can lead to penalties, including fines or loss of licensing.
12. Disputes with Other Professionals
Conflicts with real estate agents and their brokerages can lead to complaints against your brokerage.
Here's How Simply Legal Can Help:
We offer comprehensive representation for realtors and brokerages facing legal and regulatory challenges.
1. Representation Before Ontario’s Real Estate Regulatory Authorities
Navigating Ontario’s real estate regulatory framework can be complex. Simply Legal assists clients before key real estate authorities, including:
→ Real Estate Council of Ontario (RECO)
We represent clients before RECO’s Discipline and Appeals Committees, effectively guiding you through the complaints process while protecting your rights and professional reputation.
→ Toronto Regional Real Estate Board (TRREB)
We represent clients before TRREB’s Arbitration & Professional Standards Steering Committee and Arbitration Roster for both Residential and Commercial Divisions. We also assist with matters before TRREB’s Professional Standards Complaint Review and Hearing Appeals Roster.
→ Ontario Real Estate Association (OREA)
Simply Legal provides representation before the Arbitration and Ethics Committee, ensuring your interests are well defended.
✓ Defence Against Complaints
Throughout the disciplinary process, it is crucial that RECO decision-makers understand your perspective and version of events. Our team gathers all relevant details to construct a compelling argument that reflects your side of the story, ultimately ensuring that decision-makers understand the full context of your situation.
✓ Guidance on Regulatory Compliance
We provide comprehensive support to help you navigate the complexities of the regulatory legislation, including the new Trust in Real Estate Services Act (TRESA).
✓ Mediation and Settlement Support
If a resolution is possible, we will work closely with the applicable regulatory authorities to explore your options and negotiate on your behalf.
2. License Appeal Tribunal Representation
We represent clients in critical matters before the License Appeal Tribunal (LAT), including:
- Appeals of decisions by RECO’s Discipline Committee and Appeals Committee.
- Defense against provincial offences under the Trust in Real Estate Services Act, 2002 (TRESA).
3. Litigation Arising From Commission Disputes
Our real estate litigation services cover a variety of disputes, including commission disputes not covered by RECO-mandated insurance. Our team employs straightforward approach to resolving conflicts and protecting the interests of registrant-clients across Ontario’s real estate industry.
Why Choose Simply Legal?
✓ Legal Proficiency
Our team has extensive knowledge of Ontario’s real estate laws and regulations, ensuring you receive informed and effective representation.
✓ Client-Focused Approach
Your success is our priority. We understand that every issue is unique and requires customized support. Our team works closely with you throughout the process, ensuring you feel informed and empowered every step of the way.
✓ Market Expertise
Simply Legal partners with expert realtors for guidance and creative solutions regarding transactions and litigation matters. Our team is committed to understanding new developments and legal decisions impacting the real estate sector, ensuring you receive informed guidance tailored to your needs.
✓ Cost-Effective Solutions
We understand the importance of keeping legal costs manageable. Our focus is on providing affordable legal support without compromising the quality of service.
Book a Free Consultation to discuss your legal needs with our team and take the first step towards resolving your legal challenges.
Disclaimer: The content on this website is for general information only and does not constitute legal advice. For specific legal issues, contact Simply Legal or your own counsel. Simply Legal makes no guarantees about the accuracy, completeness, or reliability of the information provided. Content is current as of its publication date and may not reflect recent changes.