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Save Max challenges RECO trust account allegations, sanctions
Summary by REM | Real Estate Magazine
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Save Max challenges RECO trust account allegations, sanctions
Mississauga-based Save Max is appealing the regulatory action recently brought on by the Real Estate Council of Ontario (RECO), challenging claims of trust account misuse. Earlier this month, RECO froze the trust accounts of four Save Max brokerages after an investigation that allegedly found $2.7 million was unlawfully moved from the accounts. It also issued an immediate suspension order on the brokerages involved and Save Max’s principals, Ram…
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