Viewing a single comment thread. View all comments

Buck-Nasty t1_isbq2ik wrote

This is extremely common in Canada, the majority of realtors will help you commit fraud for a fee.

158

uatme t1_isbqqsi wrote

Then they should all be in prison (or punished in a suitable way)

55

Buck-Nasty t1_isbr5ao wrote

No chance, Canada has the lowest rates of white collar criminal prosecutions on the planet and those who are convicted would never go to prison.

24

nanocookie t1_isfa0hg wrote

There is an entire neighborhood in Toronto that is populated by rich immigrants from South Asia that laundered or embezzled taxpayer money back home by abusing their political appointments. These people also get permanent residency and gradually obtain Canadian citizenship for all their family members over the course of many years, and finally when their misdeeds become public knowledge, they immediately bail out of the country and escape to Canada.

Canada’s merit-based immigration system is extremely easy to manipulate if you have a college degree, can speak English, and have enough money to show as evidence of financial solvency. No wonder a certain proportion of legal immigrants are essentially upper middle class opportunists from lower income countries.

2

Pseudonymble t1_isbuctp wrote

I've worked at a brokerage for years and I can not think of a single instance of this. I'm by no means saying that there aren't shady or disreputable practices out there, but I would hardly catagorize the "majority" of Realtors as perpetrators of Mortgage fraud.

29

lightweight12 t1_isbw0hz wrote

It's fraud. You're not supposed to notice it. Just because no one has been caught doesn't mean it's not happening.

15

Amulek_My_Balls t1_iscrz3u wrote

If it's not being noticed then how does someone notice it enough to know the majority of realtors do it?

30

MCEnergy t1_iseicf3 wrote

They do investigative journalism and randomly find that 6/10 realtors are doing the thing.

Did you even read the article?

6

Amulek_My_Balls t1_isf59gh wrote

Did...did you even follow the conversation going on here? We aren't talking about the article. We're talking about a redditor. Keep up.

2

docmedic t1_isg62jq wrote

They (the redditor) could be involved from the realtor side, so they would notice, but the brokerage side redditor wouldn’t.

1

highvoltorb t1_isdjurs wrote

I've seen it once in 5 years, but that's what third party VOE's are for. This is all extremely easy to detect.

6

MCEnergy t1_isei9oy wrote

The investigation revealed 6/10 were doing fraud.

You may be one of the good ones but I would open my eyes way wider after seeing this report. Like, c'mon.

1