Montreal Real Estate Broker Fined $150,000 for Conflict of Interest: Find out the shocking details

2023-11-06 17:32:38

A Montreal real estate broker with 38 years of experience will have to pay a $150,000 fine and will be suspended for 180 days for placing herself in a serious conflict of interest situation on three occasions.

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“Among the aggravating factors, the at-fault broker made a profit of more than $500,000 at the expense of vulnerable people who suffered significant financial harm,” reveals a decision rendered a week ago by the Disciplinary Committee of the Self-regulatory organization of real estate brokerage of Quebec (OACIQ).

Brigitte Le Pailleur, manager of the real estate agency “Le Pailleur” in Le Plateau-Mont-Royal, was found guilty of three counts and will therefore have to pay the maximum penalty of $50,000 for each of them.

In summary, in 2018 she tried to buy a triplex directly from sellers who had entrusted her with its sale through a brokerage contract.

“Ms. Le Pailleur was carrying out her real estate brokerage activities, she immediately smelled a good deal as well as the vulnerability of her clients. What followed was a series of continuous and premeditated offenses,” the legal document reads.

In the video below, see Brigitte Le Pailleur tout her services and her agency in Montreal:

A good lesson

Among the alleged facts, the 71-year-old broker obtained “strategic information from sellers” and did not market a property on Centris “in violation of her brokerage contract.”

Portrait of Brigitte Le Pailleur, convicted on October 30 of three counts of conflict of interest. Photo taken from the Facebook page named Le Pailleur real estate agency

“Subsequently, while her brokerage contract was still in force, she made a verbal purchase offer to her clients while directly negotiating the terms and conditions of the sale with them,” deplores the Disciplinary Committee. .

Finally, Brigitte Le Pailleur was convicted because she did not objectively advise her clients so that they might be represented by a real estate broker of their choice.

“We are satisfied with the decision, because it truly embodies our desire to protect the public, in addition to sending a dissuasive message to real estate brokers who ignore the ban on placing themselves in a conflict of interest situation, which has been repeated many times and sanctioned by the courts,” commented Me Caroline Champagne, Vice-President Supervision, of the OACIQ.

She might start once more

The Disciplinary Committee also recognized that the septuagenarian was at risk of repeating these “dishonest gestures” in the future.

Website of the real estate agency Le Pailleur Screenshot of the website lepailleur.com

“We argued that the real estate broker was not aware of the seriousness of the acts she committed and that the risk of repeat offenses is very high, since she remains in disagreement with the conclusions of the disciplinary committee, even following having been found guilty,” explained Me Champagne.

More details will follow.

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