(Source: REM Online)

Following a $100 million lawsuit that was served in September on CREA, the Toronto Real Estate Board (TREB) and a number of related association and board officers, REM has learned that a second lawsuit for $750 million has been filed – but not yet served – against TREB and a number of other individuals, including senior executives from Royal LePage and Re/Max Ontario-Atlantic Canada.

As with the $100-million lawsuit, the plaintiffs are Lawrence Dale, Stephen Moranis and their now dormant discount Toronto real estate brokerage, Realtysellers. Real estate broker Fraser Beach is also a plaintiff in the second claim.

Read the full posting “Realtysellers has $750 million lawsuit ready” in REM Online (November 12, 2009).

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