TORONTO, March 28, 2017 /CNW/ - The Real Estate Council of Ontario (RECO) is warning members of the public not to engage in real estate transactions with John Van Dyk, of Chatham, Ontario. Neither he nor his company J. Van Dyk Realty Inc. are registered to trade in real estate.
In order to trade in real estate in Ontario, salespersons and brokers (commonly referred to as "real estate agents"), as well as brokerages, must be registered under the Real Estate and Business Brokers Act, 2002 (REBBA 2002). This is the law that regulates real estate trading in the province and which is enforced by RECO.
On June 23, 2016, Mr. Van Dyk was convicted under REBBA 2002 for improper handling of a trust deposit in a real estate transaction. As a result of that conviction, he was fined and placed on probation. On December 16, 2015, his registration under REBBA 2002 was terminated and he has not been registered to trade in real estate since that time.
Following an investigation of recent complaints about the conduct of Mr. Van Dyk and his corporation J. Van Dyk Realty Inc., RECO laid 3 charges under REBBA 2002 pertaining to him allegedly trading in real estate without registration.
Anyone who may have been involved in a real estate transaction since December 16, 2015, in which John Van Dyk, or J. Van Dyk Realty Inc. of Chatham, Ontario acted as a real estate salesperson (agent) or brokerage, please contact:
Manager, Inspections & Investigations Real Estate Council of Ontario
Toll- free: 1-800-245-6910
Before you begin working with a real estate broker or salesperson, make sure they are registered by using the online search feature available on RECO's website (www.reco.on.ca). The information available includes registration status, expiry date of registration and regulatory activities related to the brokerage, broker or salesperson, such as:
- Registrar's Proposals to refuse, revoke, suspend or apply conditions to a registration
- Charges under REBBA 2002 and related convictions
- Immediate suspensions ordered by the Registrar
- Decisions of Discipline and Appeals Panels related to unethical conduct
SOURCE Real Estate Council of Ontario
For further information: For media inquiries only, please contact: James Geuzebroek, Director, Communications, 416-207-3108, James.email@example.com