Securities Commission says ex-broker committed fraud and bans him from practicing in Manitoba

Jose Antonio Pereira – also known as Joe Pereira – is banned from acting as a real estate agent in Manitoba because he has committed fraud under the Real Estate Brokers Act and is not acting in the public interest, a panel of the Manitoba Security Commission has ruled.

A board of the Manitoba Safety Commission banned a former real estate agent from ever practicing in the province after stealing thousands of dollars from potential tenants in 2018, spending the money on personal expenses, and then blackmailing them to prevent them from getting further refunds to make moved to Portugal. Jose Antonio Pereira – also known as Joe Pereira – has been accused of failing to get a listing deal prior to promoting a commercial property. He has committed two fraudulent acts under the Real Estate Brokers Act (REBA), failing to transfer money from deposits to his real estate company and acting contrary to the public interest under the MSC decision of January 19, 2021. « This panel states that Mr. Pereira has committed fraudulent acts within the meaning of REBA and the concerns of this body with regard to the protection of the public interest, « stated the decision of MSC panelists JT McJannet, AE Martens and CD Burns. As a result, Pereira is in no way excluded from registering with the REBA and was sentenced to pay an amount of $ 7,400 by February 15. The Manitoba Real Estate Association, which represents over 2,100 real estate professionals, was also fined to pay $ 1,500 each to the two potential tenants, the ruling said. In March or April 2018, Pereira, a real estate agent for Re / Max Associates, was looking for tenants to fill a client’s commercial building on the corner of Munroe Avenue and Panet Road in Winnipeg. A listing agreement – a written or oral agreement that authorizes a person, for a reward or promise, to negotiate a sale, rental, or « other disposition » of real estate under REBA – was never signed on the property. They met two potential tenants ch with Pereira and signed a rental offer. Any $ 1,500 paid deposit that should be refunded after Tuesday’s decision. Following the claim, both potential tenants were asked to email r the money to Pereira’s personal email address. The money – a total of $ 3,000 plus tax – was deposited into his personal Cambrian Credit Union bank account. Bank records later showed that Pereira was spending the deposit money on « personal expenses, » the claim said. In March 2019, the potential tenants learned that the commercial building with Pereira as an agent was no longer for rent and asked for a refund. Pereira replied that the lease was unconditional, that the deposit money had been used for the work he had done and that it was non-refundable. He then stated he had stopped working for Re / Max Associates, the company had not received the deposit, and he used it on expenses, the claim said. Pereira said he was returning to Portugal and having « compromising videos » of both potential renters to prevent them from requesting refunds on their deposits, Tuesday’s decision said. Pereira has a disciplinary history at MSC Pereira has a history of discipline from MSC that dates back to 2001. The Commission suspended Pereira’s seller registration with REBA for 15 months and banned him from registering as a real estate agent for five years at a time June 22, 2001 after fake gift letters were used to obtain or attempt to obtain mortgage financing in real estate transactions. Pereira also had to pay MSC an amount of US $ 20,000, in minimum installments of US $ 5,000 per year. In September 2018, the Securities Commission prohibited Pereira from working as I. real estate agent after failing to return a $ 20,000 bail to a woman and her husband – a sum Pereira thought was a loan, prompting him to bail it into his personal bank account. In gathering their decision this week, MSC panel members took into account Pereira’s past conduct and sanctions, his « utter failure, indeed his utter refusal » to obey the law, and his willful misrepresentation, forgery and fraud. The panel « came to the conclusion that it is clearly in the public interest that Mr Pereira is not allowed to hold a license under REBA, » the decision said.

A board of the Manitoba Safety Commission banned a former real estate agent from ever practicing in the province after stealing thousands of dollars from potential tenants in 2018, spending the money on personal expenses, and then blackmailing them to prevent them from getting further refunds to make moved to Portugal.

Jose Antonio Pereira – also known as Joe Pereira – has been accused of failing to get a listing deal prior to promoting a commercial property. He has committed two fraudulent acts under the Real Estate Brokers Act (REBA), failing to transfer money from deposits to his real estate companies and acting contrary to the public interest, according to the MSC decision of January 19, 2021.

« This body finds that Mr Pereira has committed fraudulent acts as defined by REBA and has not met this body’s concerns about the protection of the public interest, » stated the decision of MSC panelist J.T. McJannet, A.E. Martens and C.D. Burns.

As a result, Pereira is in no way excluded from registering with REBA and had to pay an amount of $ 7,400 by February 15.

The Manitoba Real Estate Association, which represents over 2,100 real estate professionals, was also asked to pay $ 1,500 each to the two potential tenants, the ruling said.

In March or April 2018, Pereira, a real estate agent for Re / Max Associates, was looking for tenants to fill a client’s commercial building on the corner of Munroe Avenue and Panet Road in Winnipeg.

A listing agreement – a written or oral agreement that authorizes a person, for a reward or promise, to negotiate a sale, rental, or « other disposition » of real estate under REBA – was never signed on the property.

However, two potential tenants met with Pereira and signed a rental offer. Any $ 1,500 paid deposit that should be refunded after Tuesday’s decision.

According to the alleged testimony, both potential renters were asked to transfer the funds via email to Pereira’s personal email address. The money – a total of $ 3,000 plus tax – was deposited into his personal Cambrian Credit Union bank account.

Bank records later showed that Pereira was spending the deposit money on « personal expenses, » the claim said.

In March 2019, the potential tenants learned that the commercial building with Pereira as an agent was no longer for rent and asked for a refund.

Pereira replied that the lease was unconditional, that the deposit money had been used for the work he had done and that it was non-refundable. He then stated he had stopped working for Re / Max Associates, the company had not received the deposit, and he used it on expenses, the claim said.

Pereira said he was returning to Portugal and having « compromising videos » of both potential renters to prevent them from requesting refunds on their deposits, Tuesday’s decision said.

Pereira has discipline history with MSC

Pereira has discipline history with MSC

Pereira has been disciplined by the MSC since 2001.

The commission suspended Pereira’s seller registration with REBA for 15 months and banned him from registering as a real estate agent for five years starting June 22, 2001 after using false gift letters to obtain real-time mortgage finance or attempting estate deals.

Pereira also had to pay MSC an amount of US $ 20,000, in minimum installments of US $ 5,000 per year.

In September 2018, the Securities Commission banned Pereira from working as a real estate agent for three years after failing to return a $ 20,000 bail to a wife and her husband – a sum Pereira thought was a loan, prompting him to bail him out personal bank account.

In gathering their decision this week, MSC panel members took into account Pereira’s past conduct and sanctions, his « utter failure, indeed his utter refusal » to obey the law, and his willful misrepresentation, forgery and fraud.

The panel « came to the conclusion that it is clearly in the public interest that Mr. Pereira is not allowed to hold a license under REBA, » the decision said.

Securities Commission says ex-broker committed fraud and bans him from practicing in Manitoba
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