Members have reported incidents involving an individual who claimed to be interested in buying property.
An individual contacted a Member on March 26, as a result of listings displayed on the Internet. After viewing the condominiums, the individual indicated that he would like to buy two or three units.
He then produced documentation, which was unfamiliar to the Member. As a result, the Member contacted his Office Manager, who subsequently met with the individual and three others who accompanied him.
When the Office Manager inquired as to how they would like to proceed with the purchase of the condominium units, they indicated that they would not need financing, and in fact, they would not be paying for the units at all.
The Office Manager indicated that the only framework in which a transaction could be undertaken was that set out by law, and that he would consult with the provincial regulator and professional associations for insight.
The Office Manager then contacted police, who indicated they are familiar with the individual.
Did you know? The following are all accessible from the TorontoMLS/New 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.