The Real Estate Council of Ontario (RECO) has laid 35 charges against former real estate brokerage RE/MAX North Country Realty INC. and its broker of record, Ray Jarvis.
The charges were laid under the Real Estate and Business Broker Act, (REEBA) 2002. According to RECO’s website Jarvis was charged with 20 charges, while the business was charged with 15.
The matter is still before the courts.
Last December RECO issued an order to immediately suspend the registration of the Re/Max North Country Realty Ltd. brokerage, with its head office in Huntsville.
“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,” stated an advisory issued by RECO at the time, on December 31, 2019.
The brokerage also had offices in Bala, Bracebridge, Burk’s Falls, Gravenhurst, Haliburton, Kilworthy, Minden, Port Loring and Wilberfoce which were also impacted by the suspension.
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