Real estate associate broker registered at the time of conduct with 2156664 Alberta Ltd. o/a Rhinorealty. Currently registered with EXP Realty of Canada Inc. O/A EXP Realty.
All licensees must comply with legislation, including all legislation that enables a broker to carry out the activities specific to the broker or the broker delegate, such as the administration of trust funds.
This is the reason real estate licensees must respond promptly to their brokerage and deliver all documentation regarding trades and potential trades. In this case, the licensee failed to provide documentation related to an offer to purchase.
Real estate associate registered with Kirin Realty & Management Inc.
Written service agreements must have all relevant signatures on the agreement and have all amendments documented and signed. Licensees must prepare documents that are legally binding. To be legally binding, all parties to the transaction must agree to contract amendments in writing. In this case, the licensee failed to obtain the seller’s initials on the agreement regarding the property purchase price.
Real estate associate registered with YEGPRO Realty Ltd. o/a YEGPRO Realty
Licensees must ensure their clients’ personal information remains confidential and only use their information for its intended purpose. Confidential information is any information concerning the client, including the clients’ financial or personal situation, the clients’ real estate, and the transaction involving the client. The duty to keep client information confidential survives a completed transaction or the conclusion of providing services. In this case, the licensee disclosed confidential information about the client without the permission of the client.
Real estate associate registered with South Star Realty Inc. o/a Maxwell Capital Realty
A referral is “the act of recommending or directing a person for service, assistance, or business to another person or business.” Licensees must disclose in writing that they may receive a fee or compensation for the referral. In this case, the licensee failed to disclose in writing that they may be entitled to receive a benefit for the referral.
Real estate associate registered with 2% REALTY PRO INC. o/a 2% REALTY PRO
Licensees must make reasonable efforts to meet their obligations to clients. Licensees have an obligation to make reasonable efforts to communicate important information regarding a transaction, including any offers in a timely manner. In this case, the licensee only communicated details of an offer and did not provide the sellers the complete offer.
Real estate broker registered with Sutton Group Grande Prairie Professionals
A written service agreement outlines the roles and responsibilities of the parties, clarifies the expectations of each party, and helps to ensure the client understands their relationship with their licensee. Clarity of roles, responsibilities, and expectations is essential to consumer trust and confidence. The service agreement must be discussed and presented to a prospective client prior to acting on their behalf in a real estate transaction. In this case, the licensee failed to ensure there was a written service agreement in place with the client when they relisted the property.