2 Moncton Actual Property Brokers Lose Licenses After “Outrageous” Abuse of Senior Residents
Two real estate agents in Moncton have lost their licenses for at least a year after taking advantage of a vulnerable senior and homeowner.
Tanya Hannah and Maurice Poirier have been found ineligible to be licensed under the Real Estate Agents Act by the Financial and Consumer Services Commission, which regulates brokers in the province.
The commission said Hannah and Poirier, who at the time owned Century 21 Absolute Realty Inc. of Moncton, had financially abused a senior.
He lost his apartment, his only property, and got only a year and a half in rent.– Alaina Nicholson, Financial and Consumer Services Commission
Alaina Nicholson, the Commission’s acting director of consumer affairs, reviewed the couple’s professional conduct and found that they had taken advantage of the senior “outrageously and outrageously,” the commission said in a press release on Wednesday.
Hannah and Poirier reached a listing agreement with the senior in early 2013 to sell the man’s house, according to Nicholson.
The property stayed in the market for months without selling, so Hannah signed a contract with the senior to buy his home for about three-quarters of the list price of $ 324,900.
The deal also required senior Hannah to provide an interest-free loan and a “substantial” home renovation loan in exchange for paying the mortgage on the property, as well as a monthly stipend to cover part of his rent.
Nicholson found that the senior received less than $ 17,000 in rental payments for the sale of his property.
The senior also appointed Hannah and Poirier to a power of attorney and appointed Poirier as executor, trustee and sole beneficiary and Hannah as deputy executor, trustee and beneficiary in December 2013, Nicholson noted in their decision.
“It is clear that they have benefited significantly from the transaction, to the detriment of the senior,” said Nicholson.
“He lost his home, his only fortune, and only got a year and a half in rent.”
No license for one year
The commission became aware of the senior’s plight after he landed in the hospital.
The regulator’s decision means that Hannah and Poirier will not be able to apply for a new license for a year. At this point their suitability will be re-assessed by the Commission.
The online numbers for Poirier and Hannah’s store were out of service as of Wednesday, and their names were no longer in Century 21’s real estate agent database.
A Century 21 spokesman said the company had only recently learned of the “disturbing” allegations and disciplinary action against Hannah and Poirier, and that the two were no longer affiliated with Century 21 as of August 2017.
The Financial and Consumer Services Commission said Poirier has filed a motion to appeal the regulator’s decision.
Fall in the hands of the province now
Rick Hancox, CEO of the Financial and Consumer Services Commission, says the case came to light when the victim ended up in the hospital and doctors realized he couldn’t make decisions for himself. (CBC)
Rick Hancox, the commission’s CEO, said the commission had not seen such a large case since it was founded in 2013.
“It’s a very difficult story to understand,” he said. “Essentially, it’s about taking advantage of someone, stealing their home, their most important asset that has significant value, and arranging things so that they are the beneficiaries.”
The commission first learned of the allegations from the public trust bureau, which deals with vulnerable people who are unable to make decisions about their own personal care, finances or health care, Hancox said.
The public trustee stepped in after the senior was hospitalized and doctors found he lacked the mental capacity to make his own decisions, Hancox said.
The man’s case is now in the hands of this bureau, which is also launching a civil lawsuit against Hannah to get the senior’s funds back, Hancox said. The mortgage bank has also taken over the house.
While the public trustee office is demanding compensation for the senior, Hancox said people who try to get their money back after being scammed don’t have good track records.