NEW: An Ontario regulator is warning real estate brokers and agents to be vigilant for fraudsters impersonating homeowners looking to sell properties.
The Real Estate Council of Ontario issued a notice this week amid reports those fraud claims are on the rise, with one insurance investigator saying his firm was looking into several Ontario cases.
It says registrants who fail to verify a client's identity could face a disciplinary suspension and fines of up to $50,000. It says other red flags include a homeowner looking for a quick sale or an unusually low sale price for no valid reason.
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