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RECO freezes Scarborough brokerage’s accounts after $580,000 shortfall discovery
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RECO freezes Scarborough brokerage’s accounts after $580,000 shortfall discovery
Real Estate Council of Ontario (RECO) has frozen the accounts of Scarborough-based brokerage HomeLife Today Realty Ltd. after discovering a trust account shortfall of $580,000. In a public advisory issued Wednesday, RECO said it identified a potential shortfall as part of a planned pre-inspection on Nov. 28. During its onsite inspection on Dec. 2, RECO confirmed the shortfall, which “the brokerage has been unable to correct.” The brokerage prese…
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