Updated: December 18, 2020
On December 8, 2020, the Real Estate Council of Ontario (RECO) laid 35 charges under the Real Estate and Business Brokers Act, 2002 (REBBA) against RE/MAX North Country Realty Inc. and Ray Jarvis.
- RE/MAX North Country Realty Inc. (15 charges)
- Ray Jarvis (20 charges)
The outcomes of these matters are still pending in court.
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)
- Burk’s Falls
- Port Loring
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:
Phone: (416) 207-4873
Toll Free: 1-800-245-6910, ext. 4873
Questions about consumer deposit claims, or other insurance-related inquiries, should be directed to RECO’s Insurance Department:
Phone: (416) 207-4875
Toll Free: 1-800-245-6910, ext. 4875