Further developments on the suspension of RE/MAX North Country Realty Inc.
On January 24th, real estate regulator RECO moved to revoke the registrations of the brokerage and Ray Jarvis, broker of record.
Then on Monday, RECO issued a Freeze Order, freezing the brokerage’s bank accounts.
Freeze Orders are issued to protect consumer deposits.
It was back on December 31st that the suspension of the brokerage’s registrations were first made after concerns arose about shortages in its real estate trust account.