Sentences with phrase «indemnifying victims of fraud»
The Fonds d'indemnisation du courtage immobilier is responsible for indemnifying victims of fraud, dishonest transaction or misappropriation of funds by a real estate broker or agent within a real estate brokerage transaction.
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Its mission is to indemnify victims of a fraud, a dishonest transactions or a misappropriation of funds or other property which, under the Act, must be deposited in a trust account, in the context of a real estate transaction brokered by a real estate broker or agent.
Established pursuant to the Real Estate Brokerage Act in 1985, the Fonds d'indemnisation du courtage immobilier indemnifies victims of fraud, dishonest transactions or misappropriation of funds or other property which, by law, must be deposited into a trust account during a transaction brokered by a real estate broker or agent.