by Courtney Zwicker | Oct 10, 2025 | Legal Issues, News
Re/Max Canada confirms the court has approved its $7.8-million settlement of two class-action lawsuits that challenge real estate commission structures. The company confirmed in a statement to Real Estate Magazine that a decision was issued this week, enabling Re/Max...
by James R.G. Cook | Oct 10, 2025 | Legal Issues, News
QUICK HITS Buyer refused $1.8-million farm purchase, alleging unlicensed gas wells breached environmental warranty in APS. The court ruled the warranty covered environmental matters, not gas wells; seller was entitled to $250,000 deposit plus damages. Real estate...
by Courtney Zwicker | Sep 26, 2025 | Legal Issues, News
Rui Alves, whose now-defunct iPro Realty Ltd. is under investigation for a $10.5-millon trust account scandal, insists the missing money was used to keep the floundering brokerage afloat, not enrich him personally. “The suggestion that millions of dollars was...
by REM Editorial Team | Sep 25, 2025 | Legal Issues, News
The following is the text from the undertaking agreement signed on Aug. 8 by iPro Realty Ltd. principals Fedele Colucci and Rui Alves, and Joseph Richer, former Real Estate Council of Ontario registrar. The agreement is contained within RECO’s motion record...
by Courtney Zwicker | Sep 23, 2025 | Legal Issues, News
Former Calgary Realtor Eric Drinkwater has been permanently banned from trading in real estate in Alberta after admitting to defrauding 71 people out of more than $3.5 million through a Ponzi scheme. The Real Estate Council of Alberta (RECA) announced the lifetime...
by Courtney Zwicker | Sep 23, 2025 | Legal Issues, News
Real Estate Council of Ontario (RECO) was successful in obtaining several court orders in a hearing Monday, which freeze the assets of iPro Realty’s Ltd.’s founders, and give Fedele Colucci and Rui Alves one day to tally up their anticipated living expenses and legal...
