Coderre candidate is a real estate flipper
QMI’s Bureau d’enquête reveals that one of Denis Coderre’s Verdun candidates makes illegal real estate flips that inflate rents in that previously modest enclave. With a list of other “pratiques douteuses” Antoine Richard is on record as having done.
steph 09:49 on 2021-10-13 Permalink
Verdun mayor Jean-François Parenteau side hustles as a real estate agent. Was 2013 & Applebaum far enough to forget? Bump from last week: https://mtlcityweblog.com/2021/10/01/landlords-are-running-for-office/
Ephraim 10:17 on 2021-10-13 Permalink
If no one brings it to the board, it didn’t happen. And you can’t be disciplined for it. I know an agent who accepted a property that had been declined for purchase. Which legally requires a disclosure as well as showing the inspection report and acted as if it didn’t happen and didn’t disclose. But the purchaser didn’t pursue her, so she never got disciplined. No complaint… no crime.
steph 14:12 on 2021-10-13 Permalink
The decliner (the buyer with the original conditional offer) paid for the inspection report – it belongs to them. They don’t have to share it.
It’s sill expecting realtors to be honest, closing a deal and profit will always a conflict of interest. Like any profession, realtors will always protect each other.
Ephraim 16:03 on 2021-10-13 Permalink
Sorry @steph, but that’s not how the rules work. When you decline a property because of the inspection report, you have to hand over a copy of the inspection report. And anyone who sees the house has to be told that the house had an offer and it failed because of the inspection report.
You MUST disclose all known faults. The next buyer can go back for 20 years on any fault that was known and not disclosed. See https://www.caaquebec.com/en/at-home/advice/tips-and-tricks/tip-and-trick/show/sujet/hidden-defects-when-the-seller-is-sued/
And a real estate agent who takes a listing is required to ask if there were offers, if they were declined and if there is an inspection report as well as all known defects.