Ontario Community Newspapers

Port Perry Star, 7 Apr 1987, p. 7

The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

J PT Parmar rear 1 vo svi TR wil vt i Ministry warning to real estate The Ontario Consumer Ministry issued an industry-wide warning today to real estate brokers and salespeople following increased numbers of complaints about questionable practices. The warning was issued to ev ery registered broker in Ontario by Real Estate: Registrar Al Coleclough, as a result of numerous public complaints about questionable sales practices by some registrants. "The current real estate market is very volatile and it is imperative that all brokers and salespeople perform their duties in a cautious and responsible manner. I want to remind each of them that they must make adequate disclosure on all purchases and comply fully with each section of the real estate act," said Coleclough. Allegations of salespeople pur- chasing property for their own use with either no disclosure or 'inadequate disclosure have been increasing. Such activities are con- trary to both the Real Estate and Business Brokers Act and the law of agency. Concern has also been SRprosaed 'about the number of adver- tisements being produced that don't properly identify the people involved in the sale. To ensure ccn- ~sumers are fully informed and protected, all ads must clearly show that they were placed by a registered broker. When salespeople are listed at contacts, the ad must indicate their registration status, identifying" them as employees of the broker involved. | The registrar further cautioned brokers and sales staff to avoid such practices as: listing and selling offers of purchase and sale, deliberately undervaluing proper- ties for the purpose of creating auctions, and the flipping of properties. "Full disclosure and increased diligence on the part of every registrant is needed if a safe and balanced marketplace is to exist," said Coleclough. monitoring the situation in the months to come and are prepared to take 'whatever action is necessary.' CHESTERFIELD SUITES - LOVE SEATS SECTIONALS - MATTRESSES -- A Large Selection -- LESS THAN 1/2 PRICE! "McKEEN FURNITURE 524 Simcoe St. S., Oshawa - 725-5181 the place for ... CHICKEN & RIBS featuring . Salad Bar, Children's Menu ane more! LOCATED on n HWY. 12 Just South of Thickson Rd. - 655-8911 5/16" x 3% Reg. 925. 220 "We will be Delivery Included in All Prices! FIBREGLAS PINK INSULATION R12x15 Covers 99.9 22 50 sq.ft./bag .... . R20x15 Covers 54.4 20. 75 sq. ft./bag .. JUST ARRIVED! COPPER ROOF CUPULAS . Cedar Base 2 1 599 Mini Pickwick Package PINE PANEL 14 sq.ft. per bundle " - 8 Lengths V-JOINT CEDAR reo" oe 4,45 V-JOINT CEDAR Random Lengths 1 x6 .......... hin. ft. 57 Prefinished Package PANELLING Desert Oak - Antique Chestnut Rocky Mountain Oak 14 sq.ft. per pack - Reg. 1599 12.99 IN STOCK! Western Cedar 2x4 - reg. .49 penne tes 44 2x6 - reg. 90 .......... .81, 2x8 - reg. 1.17 .... 1.05 axa - reg. 1.20 .....'1.08 1x6 - reg. 77 ...... 43 LAKE SCUGOG LUMBER CO. LTD. cliistie] ouidng e QUALITY PRODUCTS Check Out Our GET READY FOR SPRING SALE PRICES Delivery Included In All Prices! Get the Jump On Spring Rains! WELDWOOD VINYL GUTTER SYSTEMS *rovah 7.25 Tough 9.25 pown pee 8.80 pown pipe 10.45 10% OFF . All Other GUTTER ACCESSORIES SPRUCE PLYWOOD 3/8" x4x8 ... 13.90 5/8" T&G = 21.16 16.70 1/2"x4x8 .... ASPENITE 1a 6.18 7/16" 8.92 5,8'7&G 13.89 PORT PERRY STAR -- Tuesday, April 7, 1987 -- 7 DECKS & FENCES nd inf. 40 axa lint. 82 2x6 lin ft..58 6x6 ... inst 1.99 28. inft.85 1x6 nf .32 PRODUCTS 15% p- OFF All BANVIL 2x4 lin ft. 2x6 hin. ft. fri ay ng 2x8 lin.ft. .58 "2x10 lin.ft. .95 ~ 2x4x92%> studs ... pc. 1.99 2x6x92 1, studs CONSTRUCTION pc. 3.49 FLORESCENT LIGHTS C2" SINGLE 16.69 4' SINGLE ........... WA} FUTTTTR 17.35 4 DOUBLE 24.95 4' DOUBLE with COVER .............. 29.95 DAMAGED DRYWALL si 4.00 11 VANEDWARD DRIVE - (OSHAWA ROAD) PORT PERRY - ONTARIO - PHONE 985-7391 ROOF TRUSS DIVISION - PHONE 985-3121 ¢ QUALIFIED SERVICE ® COMPETITIVE PRICING

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