RNC investigating Exit Realty on the Rock complaint

Still no word on what may have prompted licence suspension

Published on February 5, 2016
Photo by Joe Gibbons/The Telegram

The RCMP has not received any complaints related to Exit Realty on the Rock, but for the Royal Newfoundland Constabulary, it’s a different story.

“The RNC has received a complaint and our Economic Crime unit is investigating,” states an emailed response to questions Friday morning.

The police force was specifically asked if it had been asked to investigate Exit Realty on the Rock or if the force has otherwise been involved with the investigation being conducted by the province’s Superintendent of Real Estate.


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Exit Realty on the Rock licence being suspended

"The complaint is in the very early stages and there is little to comment on at this point,” an RNC spokesman stated.

What’s not clear is the nature of the complaint, its merit, when that complaint was made, by whom, or whether or not it is related in any way to the ongoing investigation by the provincial superintendent of real estate involving Exit Realty on the Rock.

The investigation by the real estate regulator led to the suspension, as of midnight, of the company’s real estate licence.

At this point, with Exit Realty on the Rock’s business suspended, many realtors from that brokerage have switched to new employers, finding a way to continue with business as usual.

Other Exit Realty franchises in the province are not involved in the current investigations, including Exit Realty Oceans Edge. That business has taken on some of the displaced agents, while also making clear it is a standalone operation, entirely separate from Exit Realty on the Rock.

“Please be advised that while there has now been a development circulating regarding Exit Realty on the Rock, our team at Oceans Edge would like you all to know that we are in no way affiliated with this investigation and that we will continue to proudly serve you and the community at Exit Realty Oceans Edge,” reads a notice posted on Facebook.