Real eState
Save Max Real Estate Opens Doors for Entrepreneurs Without License to Join Real Estate Industry – GlobeNewswire
MISSISSAUGA, Ontario, Feb. 01, 2021 (GLOBE NEWSWIRE) — Save Max has been in the real estate business since 2010 and ever since they have been innovating and giving real estate services that are cost effective and implemented for the long run. Save Max introduced the List Your Home for $999 model wherein they promised and delivered incomparable full brokerage services for as low as $999 – regardless of the value of the home with an objective to provide the best Real Estate services at an affordable price to the client. They also stood true to their motto ‘Sell Max with Save Max’ and brought a lot of trust with their clientele. Over the years Save Max kept moderating their business model to meet the business needs and kept introducing innovative solutions to the market.
Real estate is one of the biggest industries in Canada, therefore a lot of investors and business minded people are driven to it. When most people think about transitioning to real estate, the first thing that comes to mind is taking a Real Estate License. With all the education and licensing requirements, however, that can seem quite discouraging and many a times people refrain from joining this industry because of this reason. At Save Max we feel that to be a part of this dynamic and ever-growing industry you should not be dependent on a Real Estate License. As always, we have come up with a process to overcome the challenge and introduced an innovative solution for anyone who wants to live a Sudo life of a Realtor at Save Max. Save Max has come up with FOCO (Franchisee owned & Corporate Operated) model wherein you can own a real estate Franchise without a real estate or broker license. Your franchise will operate just like any other real estate franchise with Realtors® and Brokers working and you operating as an owner for the same and contributing towards the Business Development of the Franchise.
Sachin Gupta, COO Save Max Group of Companies and Owner of Save Max Supreme Real Estate mentions, “When you buy a franchise with any fast-food brand, you don’t necessarily need to cook inside, you can hire people to do your tasks. Save Max is doing the same, we are bringing you the brand Save Max which is established in the real estate market and helping you through the business by taking care of the technical aspects of things.”
Save Max will extend support right from marketing the franchise you own to training your people and managing all administrative tasks for you. All you need to do is, get into the roller-coaster and enjoy the real estate experience. Despite COVID, 2020 saw a huge influx of interest in real estate and is said to be rapidly cultivating careers for people who seek that kind of entrepreneurship in Canada. With the commencement of the FOCO model, Raman Dua, President & CEO at Save Max Real Estate, says, “I am overwhelmed with the response we received when we went to Vancouver early last week. We received so much love and support from people. We love the enthusiasm that we see, and we are very hopeful to see bright entrepreneurs taking the baton of Save Max to nooks and corners of Canada. We are soon going international as well and I am extremely elated to introduce this unique business model we have created in the real estate world.”
Kamal Tomar, Director of Franchise Operations & Hiring says, “Save Max is growing rapidly and with our wings spreading end to end in Canada, we hope to disrupt and revolutionize the entire real estate industry soon. We have received a lot of interest in this business model and I am very happy to mention that we will be making close to 36 franchise by the end of the month. If you are interested, we are happy to speak with you one on one to understand your vision. Please feel free to reach me at kamal@savemaxcorp.ca and I will most definitely be able to guide you through the process.”
Save Max understands the importance of keeping pace with the current technologies to ensure the best services to the end user as well as to create an ease of service for any Realtor who joins them. Save Max has also built an eco-system which provides an end-to-end solution to the Realtor from generating the leads and moving them up in the ladder to keeping the potential clients engaged with latest Real Estate Properties based on artificial Intelligence & behaviour automation. Further Save Max has also tied up with robust platform “Workeefy” wherein Realtor can order services related to real estate such as Sign Installation, Virtual Tour, Staging, Cleaning, Disinfection and many more with a click of a button. Unlike other companies using only technology to drive their real estate business, Save Max is building and scaling their business with a technology that has human touch to it which Save Max feels is vital to Real Estate.
To learn more about Save Max or the FOCO model, visit www.savemax.ca or call 905.459.7900
About Save Max Group of Companies:
Save Max Real Estate is one of the fastest growing brokerages and opened its first real estate office in Brampton in 2010. From making history in the field of real estate by achieving $100 million sales volume within 16 months of inception to achieving +$4.8 billion sales volume and 9,000 transactions until today, Save Max has always strived to stay true to its beliefs to deliver an exceptional real estate experience to all its valued clients.
Save Max has had the opportunity to serve its clients and provide incomparable real estate services for past 10 years with a strong & Professional Team of 300+ Realtors and will keep doing the same in the future. Save Max will have 36 Operational franchisees in Ontario, Alberta and working towards expanding its base in British Columbia & Prince Edward Island.
*Offer not claiming you can work as a real estate agent without license. +Total sales volume & transactions by Save Max Real Estate Franchises from April 2010 – until today where Save Max Real Estate Franchises acted as a listing brokerage or co-operating brokerage.
Real eState
Former HGTV star slapped with $10 million fine and jail time for real estate fraud – Fortune
Back when mortgage rates and home prices were more reasonable and manageable, homeowners invested in fixer-upper properties and made them their own. Now these types of projects aren’t as popular. But in the early-to-mid-2010s, HGTV shows including Fixer Upper, Love It or List It, and Flip It to Win It were all the rage as viewers binge-watched dilapidated homes transform into dream properties.
But as it turns out, one former HGTV star’s house-flipping show was masking major real estate fraud. On Tuesday, Charles “Todd” Hill, was sentenced to four years in jail and ordered to pay back nearly $10 million to his victims following his conviction. Los Gatos, Calif.–based Hill, 58, was the star of HGTV show Flip It to Win It, which aired in 2013 and featured Hill and his team purchasing dilapidated homes and fixing them up. Hill then sold them for a profit.
“Some see the huge amount of money in Silicon Valley real estate as a business opportunity,” Santa Clara County District Attorney Jeff Rosen said in a statement. “Others, unfortunately, see it as a criminal opportunity—and we will hold those people strictly accountable.”
What did Hill do?
According to the indictment shared with Fortune, the accusations against Hill happened between 2012 and 2014, around the time his show (which lasted just one season) began. The indictment shows 10 counts of grand theft of personal property exceeding $950,000; three counts of embezzlement; and one count of diversion of construction funds. Hill could not be reached by Fortune to comment on the indictment, conviction, or sentencing.
Hill was convicted last year of the multiple fraud schemes, including scams that happened before his show aired. This included a Ponzi scheme with evidence showing that Hill had spent laundered money on a rented apartment in San Francisco, hotels, vacations, and luxury cars, according to a press release from the Santa Clara County District Attorney’s Office. HGTV did not respond to requests for comment from Fortune ahead of publication.
“To hide the theft, he created false balance sheets and got loans using fraudulent information,” according to the district attorney’s office. In another case, Hill diverted construction money for personal use. But one of the strangest accounts came from an investor who had poured $250,000 into a property he wanted Hill to remodel.
Instead, during a tour of the home, the investor “found it to be a burnt-down shell with no work done on it.”
After the district attorney’s investigation, Hill was indicted in November 2019 and in September 2023 admitted his guilt and was convicted by plea of grand theft against all of his victims. He’ll have to pay restitution of more than $9.4 million and serve 10 years on probation.
Victims who spoke at Tuesday’s hearing said they’re still reeling from the financial and professional damages from the fraud, according to the district attorney’s office.
Real eState
Botched home sale costs Winnipeg man his right to sell real estate in Manitoba – CBC.ca
A Winnipeg man’s registration as a real estate salesman has been cancelled after a family vacated their home on a tight deadline for a sale that never went through, then changed brokerages and, months later, got $60,000 less for their house than what they expected when they moved out.
A Manitoba Securities Commission panel found Reginald Wayne Kehler engaged in professional misconduct and conduct unbecoming a registrant when he signed a document on behalf of sellers without their knowledge, reduced the listing price of a home without their approval, and didn’t tell them for nearly a month that a potential buyer hadn’t paid a promised $100,000 deposit.
The sellers, identified as D.R. and P.R. in the panel decision released Wednesday, were awarded $10,394 from the real estate reimbursement fund. Kehler was ordered to pay $12,075 to cover costs of the investigation and hearing.
The sellers were a military family who had to move in 2020 after the husband was posted to Ottawa.
They chose Kehler as their listing agent, because he had helped them find the home when they moved to Winnipeg in 2018, and they had a good relationship with him, the panel’s decision says.
They listed their house in May and on June 15, 2020, accepted an offer of $570,000 with possession on July 15. A deposit of $100,000 was to be paid within 72 hours of acceptance of the offer.
Kehler was the salesperson for both the buyer and the sellers — but the sellers say he never told them that.
A form that indicated the sellers knew he was also representing the buyer, dated June 15, 2020, was filed.
While it appeared to be signed with the sellers’ names, they said they didn’t see it until March 2021. One of the two wasn’t even in Winnipeg on June 15.
“Kehler, in his interview with commission staff, acknowledges that the sellers never signed this document — we note that the purported signatures on the form look nothing like the actual signatures of the sellers on other documents,” the decision says.
Kehler told commission staff he’d been authorized to sign on the sellers’ behalf, which they denied. The panel found them more believable.
Once the deal was made, the sellers, believing they had just a month before the buyer would take possession of their home, quickly packed up and prepared to move with their two young children.
Buyer never made deposit
Meanwhile, the buyer hadn’t made the $100,000 deposit before the deadline — but Kehler didn’t tell the sellers.
Kehler told commission staff that was because he thought the deposit was still coming, and he didn’t want to cause more stress for the sellers.
On July 10, just five days before the buyer was to take possession and the day before the family was leaving Winnipeg, the sellers spoke to Kehler — but he still didn’t tell them the deposit hadn’t been paid.
Kehler “said everything was fine,” according to the decision.
It wasn’t until the evening of July 13, when the family arrived in Toronto on their way to Ottawa and just 36 hours before the scheduled closing, that Kehler told them he’d never received the deposit.
Eventually, they received $4,000 of the deposit, but the sale of the house never closed. The sellers scrambled to extend the insurance on their old home and make sure they continued to pay the utility bills, the decision says.
Home relisted
Kehler then recommended they relist the home, and it went back on the market at $574,900.
On Aug. 10, 2020, Kehler recommended the price be reduced to $569,900. Instead, the seller said he should reduce the price to $567,900.
But when the seller looked at the online listing on Aug. 22, it was listed at $564,900.
The sellers also asked Kehler about maintaining the property, since they were no longer in Winnipeg. He agreed he would, but friends ended up going and mowing the lawn, the decision says.
The sellers asked Kehler and his brokerage about what could be done to “make things right,” the decision says, but they never received any responses.
On Sept. 5, they hired a new brokerage to sell the home. Under the new real estate salesman, they accepted an offer on Dec. 13, and closed the deal Jan. 2, 2021, receiving $507,500 for the home.
Kehler’s actions were “contrary to the best interests of the public” and undermined “public confidence in the real estate industry,” the decision says.
Real eState
Dr. Phil left speechless after real estate agent claims that squatting is justified by colonization – New York Post
Dr. Phil spoke with property owners about how squatters are using legal loopholes to occupy properties, but one real estate agent argued it can be justified because of a history of “colonization.”
Wednesday’s episode of “Dr. Phil Primetime” featured one guest named Kristine, a real estate agent who “doesn’t think adverse possession is immoral,” but believes that “people with no housing dying from the elements is immoral.” According to the Legal Information Institute, adverse possession is where a “person in possession of land owned by someone else may acquire valid title to it, so long as certain requirements are met, and the adverse possessor is in possession for a sufficient period of time.” The requirements and period of time vary by state and city.
In her introduction on the show, Kristine argued that there are “multi-million dollar projects, and they’re just abandoned.” She added that she believes the land of those abandoned projects can be reclaimed.
She also noted she is working with a client who is “trying to occupy a property” that’s around 300 or 500 acres.
“It’s something that’s so large that you wouldn’t even notice what 2 acres is compared to how many acres are on there,” she said. “Adverse possession is a law that’s left over from both Spanish and English colonization, it is how they took the land from the native people, and it’s a process we can use to take that land back.”
“You said that if I’ve got 100 acres or 1,000 acres and somebody goes and gets in a corner of it and adversely possesses 5 acres of it, I’m not gonna miss it, I’ve got 1,000 acres anyway?” Dr. Phil asked Kristine.
“Well, yeah,” she responded. “Can you tell me, if you’re looking at 1,000 acres, could you tell me what 5 acres was?”
Dr. Phil’s jaw dropped, and he said, “Hell yes.”
A landlord named Tony argued with Kristine about how she believes the manner in which people inherit property should be taken into account when it comes to adverse possession.
“We’re not in 1776, we’re in 2024,” Tony said, sparking a wave of applause from the audience.
“Do you think that a corporation that makes over a billion dollars a year is injured by someone taking 5 acres of land?,” Kristine argued.
Another guest quickly interjected with “somebody is.”
Another guest named Patti confronted Kristine by arguing she does not use her car 24-hours-a-day.
“Playing out your scenario, then theoretically anyone on the street should be able to boost your car and drive it, because that car is just sitting around unused,” Patti said, sparking applause from the audience.
“I don’t have a billion-dollar net worth,” Kristine argued, which made Barry ask if having a billion dollars is where Kristine draws the line.
Dr. Phil concluded the episode by commending Kristine for her willingness to defend her beliefs, but said he “100%” disagreed with her.
“It is a lawful thing to do if you do it in the right way, I 100% disagree with your philosophy, but your facts are correct,” he said. “She’s not suggesting people go squat in someone’s home when they go on vacation, she’s talking about something completely different, at another level, and if you’re not a billionaire, she isn’t targeting you.”
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