TMCnet News
Public Advisory: RE/MAX Right Choice Inc.TORONTO, Nov. 2, 2017 /CNW/ - On November 1, 2017, under the authority of the Real Estate Business Brokers Act 2002 (REBBA), the Real Estate Council of Ontario (RECO) issued a Freeze Order, freezing bank accounts of:
RE/MAX Right Choice Inc., of 6464 Yonge St #250, Toronto, ON M2M 3X4. Freeze Orders are invoked by RECO against brokerages when required to prevent funds from being withdrawn from a brokerage's accounts in order to protect consumer deposits. A RECO inspection revealed irregularities in the finances of RE/MAX Right Choice Inc., and the matter is being investigated further. Additional action may be taken and information will be ade available through RECO's website. Individuals concerned about the impact of this Freeze Order are asked to use the contacts listed below: Home buyers and sellers with questions about the impact of the freeze order, including whether a pending sale or purchase will be completed on time should contact: Dipak Parmar Questions about consumer deposit claims, or other insurance-related inquiries, should be directed to RECO's Insurance Department: Jeremy Meuris Cooperating brokerages for trades in which RE/MAX Right Choice Inc., holds the deposit and/or are owed commissions by RE/MAX Right Choice Inc. should contact: Jeremy Meuris Employees of RE/MAX Right Choice Inc., with questions about commissions should contact the claims adjuster for RECO's insurance program: ClaimsPro LP 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 SOURCE Real Estate Council of Ontario 
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