Consent Order

Published on 14 March, 2017

Women reading notebook with computer
Licensee
Michael (Mike) O'Grady
Current brokerage
Prudential Power Play Realty
Brokerage at time of sanctioned activity
Prudential Power Play Realty
Consent Order date
February 22, 2017

Summary

Michael Thomas O’Grady represented a buyer and seller in the same trade in real estate. Mr. O’Grady did not disclose to the buyer that a bathroom in the property had been constructed without a permit and was not built to code. Licensees have an obligation to disclose to all parties in a trade, before any agreement to purchase is entered into, any material latent defect that is known to the licensee. Mr. O’Grady’s actions contravened section 5-13 of the Rules.

All licensees are required to act honestly and with reasonable care and skill. Mr. O’Grady failed in this duty, contravening section 3-4 of the Rules.

Results

A discipline committee of the Council has ordered the following:

  1. Mr. O’Grady is reprimanded and must pay a discipline penalty of $2,500.00 to the Council.
  2. Mr. O’Grady must pay enforcement expenses of $1,500.00 to the Council.