Joseph Montanaro pleads guilty after letting someone else finish his real estate training
MONTREAL – One of Montreal’s best real estate agents – the one who just handled the sale of the Prime Minister’s residence – should pay a fine of $ 20,000 after pleading guilty to breaking the code ethics of its industry.
Joseph Montanaro pleaded guilty on Tuesday during a disciplinary hearing for the Organisme d’autorÃ©glementation du courtage immobilier du QuÃ©bec (OACIQ), the body that governs real estate brokers in Quebec.
The complaint, filed by the head of the OACIQ, Alexandra Tonghioiu, specifies that between 2018 and 2019, Montanaro “allowed, allowed or asked a third party to take training courses in his place in order to complete his training program. continues of the OACIQ â.
The offense contravenes several sections of the Real Estate Brokerage Act. Brokers are required to accumulate “a certain number of continuing education credits” to complete the Compulsory Continuing Education Program (PEMC) every two years in order to maintain their license and keep their knowledge of the industry up to date, according to the OACIQ website. .
The lawyers for Montanaro and the OACIQ agreed on the fine of $ 20,000, which the discipline committee accepted after receiving a joint summary of the facts of the case.
It is believed to be one of the highest fines ever imposed on real estate agents in Quebec.
THE AGENT SOLD THE HOUSE OF PREMIER LEGAULT
Montanaro, who counts celebrities like Celine Dion and hockey player PK Subban among his previous clients, is one of Montreal’s most prominent brokers, specializing in selling multi-million dollar homes in the most expensive neighborhoods. wealthy people in the city.
Two weeks ago he sold the Premier Legault’s 18,000 square foot private mansion. The Victorian-style home in Outremont was listed for $ 4,995,000 and has eight bedrooms.
The house sold for less than the listing price, a source confirmed to CTV News.
The complaint against him seems to have been caused by disagreements within the Montreal real estate market. The OACIQ has been notified of the violation of Montanaro’s competition, according to its lawyer Alain Mongeau, who attended the hearing on Tuesday.
âIt came from competition – from people competing with Mr. Montanaro in the real estate market,â Mongeau told CTV.
Explaining the nature of the offense, he said a former Montanaro employee did the training on his behalf and claimed he authorized it, but Montanaro does not recall approving it, explained Mongeau.
“This is a mistake and he is sorry for it,” Mongeau said, adding that the whole process would have been fueled by Montanaro’s rivals.
“He is angry that his competitors are trying to compete in this way rather than providing good service,” he said.
“This is a real competition complaint – why would they do this? It is to damage its reputation for their own benefit.”