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MEMBER ALERT: Oshawa Seller Providing False Information

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A Member has reported an incident in which an individual who claimed to be an Oshawa homeowner provided false information and requested to meet with her.

The individual called her office on June 22 and asked for her by name. He was unusually familiar with her and initially only offered his first name.  Indicating that he had seen her ad, he asked to meet with her regarding the sale of his Oshawa home.

The Member indicated that she could not meet with him immediately and asked for further details including his surname, address and reason for moving. When he stated, “We are downsizing,” the Member inquired as to who “we” was, and he replied, “My dog and I.”

The Member also noted that there were unusually long pauses throughout their conversation.

Since their conversation, the Member has received several calls from an unknown number; however, no messages have been left. Upon attempting to reach the individual several times at the number he provided, the Member discovered that it consistently rings three times before going to dead air.

Further, when the Member searched the address that the individual provided, she discovered that his name is not on title.

Upon describing the incident at a recent office meeting, one REALTOR® indicated she had a similar occurrence recently, and another believed they may also have been contacted by an individual of the same name.

Members are encouraged to take appropriate safety precautions when meeting a client for the first time, including meeting at the office, being accompanied by a colleague for showings where possible, keeping a mobile phone on hand at all times, and updating the office on your itinerary.

Update: The Member received another call from the individual on July 2.  He used a different first name, and referenced the fact that they had spoken recently about selling his home in Oshawa. 

He indicated that he couldn’t recall the address of his Oshawa home, and that he had two additional properties to sell in cottage country, one of which is on an island.  When he inquired if the Member would be willing to view the island property with him, she requested that he email information on all three properties and set up an office meeting.

When he indicated that his computer was being repaired, the Member requested that he send her the information by text message so that she could research the properties and have a reliable phone number to reach him. He agreed to do so, but did not follow up with a text message.

 

 

Did you know? The following are all accessible from the Stratus home page via the Your Information Centre button.

  • Member Alerts (including archived items);
  • A Fraud Red Flag Checklist;
  • CREA’s ‘The Safe Side - REALTOR® Safety Issues’ brochure; and,
  • REALTOR® Safety Tips.

 


MEMBER ALERT: Cheques Compromised When Mailed

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A Member has reported that a number of cheques sent to other Brokerages by mail have been compromised.

While in transit, the cheques have been stolen and tampered with, such that a new payee has been superimposed on them.  The cheques have then been cashed at several different locations.

Since cheque numbers and amounts have remained unchanged on the falsified cheques, they are difficult to capture.

Window envelopes have also been targeted in the occurrences, and the amount of funds involved in the fraudulent activity reported has reached nearly $100,000.

Accordingly, Members are encouraged to be vigilant with respect to all financial documents being sent by mail.

 

 

Did you know? The following are all accessible from the Stratus home page via the Your Information Centre button.

  • Member Alerts (including archived items);
  • A Fraud Red Flag Checklist;
  • CREA’s ‘The Safe Side - REALTOR® Safety Issues’ brochure; and,
  • REALTOR® Safety Tips.

 

E-Signatures for WEBForms®

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CREA has been working with two e‐signature providers to enhance your WEBForms® experience and give you and your clients more signing flexibility.

In case you missed it: TREB President on CFRB

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TREB President Mark McLean was on @newstalk1010 Ask the Expert show over the weekend discussing the REALTOR®'s role in the home buying and selling process.

Listen to the full interview here: http://bit.ly/1UrHmgH

GTA REALTORS® Release Monthly Resale Housing Figures

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Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 11,992 sales through TREB’s MLS® System in June 2015.  This result represented a new record for the month of June and an 18.4 per cent increase over the June 2014 result of 10,132.

June Housing Market Charts Available

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June Housing Market Charts Available

Members Plus Welcomes New Vendors

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The Members Plus Product and Service Directory is your one stop shop for all your real estate related products and services. We are excited to introduce the following new suppliers who have recently been added to the directory.

Accepting Applicants - Home in Peel - Affordable Ownership Program

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The Home in Peel Affordable Ownership Program provides low-to-moderate income residents who are currently renting a unit in the Region of Peel (Brampton, Caledon or Mississauga) the opportunity to qualify for down payment loan assistance to buy a home in Peel Region.

Please note that the program is limited.  

For more information on the program, please call 905-791-7800 ext. 3589 or visit,http://www.peelregion.ca/housing/home-in-peel/


How to Use Digital Signatures in WEBForms™

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Since July 1, REALTORS® in Ontario have been allowed to use digital signatures to legally bind agreements that are used for the transfer of real property such as the agreement of purchase and sale.

Digital signatures offer several advantages:

  • They save time and money. You don’t have to print or fax the agreement of purchase and sale and you don’t have to drive across town to get signatures.
  • They are mobile-friendly and work on multiple platforms giving you great flexibility.
  • Clients can easily sign documents anytime, anywhere.

There are many digital signature solutions on the market and TREB urges our Members to speak with their Broker of Record or Manager to discuss their options. CREA, however, has negotiated special Member pricing with three digital signature providers (DocuSign®, Authentisign, and Faltour) and have integrated them into WEBForms™.

To learn how to use these digital signature solutions in WEBForms™, there are convenient training videos that you may watch:

  • To learn how to use Faltour, click here to watch a video of a recent webinar hosted by CREA. You will be asked to register to view the video.
  • To learn how to use DocuSign®, click here to watch a product demonstration orhere to read step-by-step instructions. Please note that DocuSign®’s instructions are general and don’t reflect how they specifically function in a WEBForms™environment.

If you have any questions about WEBForms™ or their digital signature solutions please contact:

CREA Member Support
support@crea.ca
1-888-237-7945

Complying with the National Do Not Call List

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The National Do Not Call List was implemented to give consumers a choice about whether to receive telemarketing calls. When it was introduced it created new responsibilities for Canada’s telemarketers. REALTORS® who use telecommunications technologies to make unsolicited calls or send faxes to consumers for the purpose of solicitation are deemed telemarketers.

To help Members comply with the rules and exemptions, the Canadian Real Estate Association (CREA) produced a resource guide, The National Do Not Call List Information for REALTORS. Click here to access the guide.

In addition, the CREA’s blog offers additional information and best practices. Click here to find out more.

Violations to the National Do Not Call List can carry heavy penalties.

For more information on the National Do Not Call List, please visit, 
https://www.lnnte-dncl.gc.ca/index-eng

Have You Received Across The Board?

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On July 15, we email broadcast July’s edition of the monthly, electronicAcross The Board Member newsletter to all TREB Members. This issue features:

  • Stratus Unavailable on July 28 for 6-12 Hours for Maintenance
  • Changes to the Handling of Personal Information
  • Electronic Signatures Permitted as of July 1, 2015
  • New Requirements for the Handling of Offers – Best Practices & Info Sessions
  • Training that Fits!
  • Attention Rogers Mobile Phone Users
  • Confirmation of Appointments to Co-Operating Salespeople/Brokers
  • TorontoMLS Unplugged Retired on July 7
  • Update on the RECO Insurance Program
  • What’s In Your REALTOR® Toolkit? – MLS® HPI
  • Mark Your Calendars! – TREB’s Annual Meeting October 20
  • Email Listings with Your Own Customized Message and Signature
  • TREB Member Benefits Pharmacy Preferred Provider Network

If you can’t find the email link to Across The Board in your Inbox, or you’ve accidentally deleted it, you may click here to open the newsletter.

If the link to open Across The Board doesn’t work on your computer, there is an alternate method to read the newsletter. To access Across The Board from within TorontoMLS/New Stratus:

  1. Log into TorontoMLS/New Stratus.
  2. Click Your Information Centre near the top of the home page. The Your Information Centre page appears in a separate window.
  3. Click Across The Board Newsletter. The current edition of the newsletter appears.
  4. To print or download the current issue, select Click here to download current issue in PDF. To read a previous issue, select CLICK HERE FOR ARCHIVES, then select the issue you want to read.

To print Across The Board:

  1. Follow the steps above to open the PDF version of the newsletter.
  2. Click File, then Print.

Mid-Month Statistics Available

Help with OREA Form 801 – Offer Summary Document

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OREA has received many questions about using Form 801 – Offer Summary Document. The Standard Forms section of OREA.com contains a tutorial video on the form, a recording of the webinar on the form, and an explained version of the form (which Members often refer to as “forms in plain language”).
To find these resources:

  1. Log into Stratus and then click Search Properties.
  2. In the LINKS menu, click OREA. Note, you can log directly into www.orea.comwithout having to visit Stratus, but you’d have to remember your OREA password.
  3. On OREA’s home page, hover your mouse over Members, and then clickStandard Forms.


If you have questions about any OREA form or clause, please contactstandardforms@orea.com


GTA REALTORS® Release Q2 Rental Market Figures

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Toronto Real Estate Board President Mark McLean announced that GTA REALTORS® reported 8,821 condominium apartment rentals through TREB’s MLS® System in the second quarter of 2015. This result represented a 20.3 per cent year-over-year increase compared to 7,333 condo apartment rentals reported in Q2 2014.

GTA REALTORS® Release Q2 Condominium Market Figures

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Toronto Real Estate Board President Mark McLean announced that there were 7,656 condominium apartment transactions reported through TREB’s MLS® system in the second quarter of 2015, representing a year-over-year growth rate of 17 per cent relative to Q2 2014.

Join Treb at the Caribbean Carnival Grand Parade!

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TREB invites you to be a part of the fun on August 1, 2015 by joining us at the 48th annual Scotiabank Toronto Caribbean Carnival Grand Parade!

Don’t miss the highlight of this three week celebration that heats up the city with Caribbean rhythm, culture, and of course, costumes.

You’ll be glad you added the Scotiabank Caribbean Carnival Grande Parade to your weekend agenda. Watch for TREB’s promotional team marching in the Grand Parade. 
Let them know you’re a REALTOR® and get your REALTORS® ONLY promo items.

See all the Scotiabank Toronto Caribbean Grand Parade details attorontocaribbeancarnival.com.

The August calendar brings yet another event for REALTORS® to enjoy in the GTA. Watch for more info on TREB’s Booth at the TD Festival of South Asia on August 15 and 16. Details to follow!

MEMBER ALERT: Suspicious Buyer

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A Member received an Internet contact lead. The Buyer indicated that he was interested in homes around $4.5 million and enquired if the Member worked alone, as he did not like working with teams. The Member ceased contact at this point.

Members are encouraged to take appropriate safety precautions when meeting a client for the first time, including meeting at the office, being accompanied by a colleague for showings where possible, keeping a mobile phone on hand at all times, and updating the office on your itinerary.

The President’s News Beat: A Message From The New President

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I am excited about representing the Greater Toronto Area’s more than 41,000 REALTORS® during the next 12 months, as President of the Toronto Real Estate Board.

I see it as a great opportunity to share information with you about the real estate market in our city, which is teeming with potential. I believe that as a centre of finance, innovation and creativity, Toronto is destined to become one of the world’s great mega-cities. In fact, the Globalization and World Cities Research Network already classifies ours as an alpha city, one that links major economic regions into the global economy.

People from all over the world want to be here and enthusiasm for Toronto is reflected in study after study. This year, the Economist Intelligence Unit named Toronto the best city in the world in which to live and global real estate consultancy Knight Frank ranked Toronto 12th among the world’s 40 most important cities. We placed in the same spot in a study of the world’s most sustainable cities conducted by the global engineering consultancy Arcadis, and we ranked 10th on The Atlantic’s Global Economic Power Index.

As a runner, I enjoy exploring our city’s diverse neighbourhoods and marveling at the pace of development as Toronto evolves into a vibrant, global oasis. A trek through just about any community proves that ours is a city of entrepreneurs, and one of Toronto’s most energetic go-getters, is your REALTOR®.

Our energy is derived from the passion we have both for the GTA, and for connecting people to help them realize their dreams. In today’s digital world, each of us has vast amounts of data available at our fingertips and Greater Toronto REALTORS® recognize that you expect more than just numbers. I see a REALTOR’S® role not only as a provider of information, but more importantly, as a purveyor of insight. Distilling all of the variables that can affect your transaction, from nearby development plans to school zoning, and providing you with insightful opinions, is one of the most important services you can expect when working with a REALTOR®.

A home transaction is one of the most emotional and financially significant steps you will ever take, and as such, it only makes sense to bring an informed, objective head to the table to help you maximize your dollar. We understand that the stakes are high and we want you to hold us to equally high standards. Today’s REALTORS® are smart, driven and committed to staying on top of the information stream in order to provide you with the best possible service.

While this year’s soaring real estate sales activity and prices in the GTA reflect buyers’ enthusiasm for our city, they don’t have to mean that your goals are out of reach. Your REALTOR® can help you employ strategies that will allow you to put your best possible stake in this living, breathing metropolis of opportunity. To learn more, talk to a Greater Toronto REALTOR® and visit TorontoRealEstateBoard.com

Mark McLean is President of the Toronto Real Estate Board, a professional association that represents 41,000 REALTORS® in the Greater Toronto Area.

Follow TREB on www.twitter.com/TREBhomewww.Facebook.com/TorontoRealEstateBoardpinterest.com/trebhome/,www.linkedin.com/company/treb and www.youtube.com/TREBChannel

Q2 2015 Community Reports Now Available

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Q2 2015 Community Reports Now Available

GTA REALTORS® Release Monthly Resale Housing Figures

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Toronto Real Estate Board President Mark McLean announced record home sales for the month of July. Greater Toronto Area REALTORS® reported 9,880 sales through TREB's MLS® System, representing an eight per cent increase compared to July 2014.
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