Part 1 - Authorizations, Licences and Registrations

Division 9 - Information to be Provided by Industry Members

40(1) An industry member must immediately notify, in writing, the executive director when:
(a) the name of the industry member changes;
(b) the industry member is disciplined by any real estate board, real estate association, mortgage broker association, appraiser association, or any professional, occupational or regulatory body;
(c) the industry member has any judgment(s) rendered against the industry member in relation to the provision of services or sale of goods to consumers;
(d) any business the industry member owns or has participated in as a partner, director or officer in the past three years, has any judgment(s) rendered against the business;
(e) the industry member is the subject of any bankruptcy proceedings;
(f) any business the industry member owns or has participated in as a partner, director or officer in the past three years, is the subject of any bankruptcy or receivership proceedings ;
(g) proceedings pursuant to the Criminal Code are commenced against the industry member; or
(h) the industry member is convicted of any criminal offence or any other offence under any law of any country, province or state, excluding provincial or municipal highway traffic offences resulting in only monetary fines and/or demerit points.
40(2) In addition to providing a notice in writing, the industry member must provide particulars and any additional information or documentation requested by the executive director.
40(3) In the case of an associate broker or associate, a copy of the notice provided to the executive director must be provided by the associate broker or associate to the broker.
40(4) In the case of an appraiser or candidate, the executive director must be immediately notified when:
  (a) the appraiser or candidate ceases to be a member in good standing of an appraiser association;
  (b) the appraiser or candidate is no longer able to perform the duties and responsibilities of an appraiser or candidate outlined under these Rules; or,
  (c) there is a change in the address of the appraiser's or candidate's registered business office.
  (d) the appraiser or candidate has failed to maintain appropriate insurance as required by the Act, Regulations, Rules or Bylaws.
 
Jul 1/06, Nov4/10, 2010-8, May 4/11

 

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