Public Advisory: REMAX Legend Real Estate Inc.

On June 6, 2024, under the authority of the Trust in Real Estate Services Act, 2002, the Real Estate Council of Ontario (RECO) issued a Freeze Order, freezing the bank accounts of:

RE/MAX Legend Real Estate Inc., of 128 McIntyre Street West, Unit 101, North Bay, ON, P1B 2Y6.

Freeze Orders are invoked by RECO against brokerages when required to prevent funds from being withdrawn from a brokerage’s accounts in order to protect consumer deposits. RECO has taken steps to preserve the funds in the brokerage’s bank accounts. The matter is being investigated and additional action may be taken. RECO’s website will be updated if there are any further updates. 

On June 10, 2024, RECO issued a Proposal to Revoke the registrations of Natalie Smit and RE/MAX Legend Real Estate Inc.

Individuals concerned about the impact of this Freeze Order are asked to use the contacts listed below:

Home buyers and sellers with questions about the impact of the freeze order, any commissions owed to RE/MAX Legend Real Estate Inc., including whether a pending sale or purchase will be completed on time should contact:
Sania Cherian
Phone: (416) 207-4429
Toll Free: 1-800-245-6910, ext. 4429
Email: Sania.Cherian@reco.on.ca

Questions about consumer deposit claims, or other insurance-related inquiries, should be directed to RECO’s Insurance Department:
Jeremy Meuris
Phone: (416) 207-4875
Toll Free: 1-800-245-6910, ext. 4875
E-mail: insurance@reco.on.ca

Brokerages involved in trades with RE/MAX Legend Real Estate Inc., where RE/MAX Legend Real Estate Inc. holds the deposit and/or are owed commissions by RE/MAX Legend Real Estate Inc. should contact:
Jeremy Meuris
Phone: (416) 207-4875
Toll Free: 1-800-245-6910, ext. 4875
E-mail: insurance@reco.on.ca

Employees, or former employees of RE/MAX Legend Real Estate Inc., with questions about commissions should contact the claims adjuster for RECO’s insurance program:
ClaimsPro
175 Commerce Valley Drive West, Suite 600
Markham ON L3T 7P6
Phone: 1-877-740-1913
Fax: 1-866-735-1033
E-mail: claims@reco-claims.ca

The insurer requires one Notice of Claim Commission Protection form per trade. Claim forms are located on RECO’s website.

Questions about the procedures for transferring a registration to a new brokerage should contact:
Leena Kaiprath
Phone: (416) 207-4823
Toll Free: 1-800-245-6910 ext. 4823
Email: registration@reco.on.ca