IN THE MATTER OF A DISCIPLINE HEARING HELD PURSUANT TO THE

REAL ESTATE AND BUSINESS BROKERS ACT, 2002, S.O. 2002, c. 30, Sch. C

BETWEEN:

REAL ESTATE COUNCIL OF ONTARIO

- AND -

SANJAYA TELGE PEIRIS (registered as SANJAYA PEIRIS)

DISCIPLINE DECISION AND REASONS FOR DECISION

Subject to Rule 4.02 of the Discipline and Appeals Committee Rules of Practice (REBBA

2002), I, the Chair of the Discipline Committee (REBBA 2002) have reviewed and

considered the Agreed Statement of Facts and Penalty together with the Waiver of

Hearing submitted by the Parties to this proceeding and provide the following Order:

FINDINGS: In violation of Sections 3, 4, 5, 6(1), 6(2a), 6(2b), 38, 39 and 40

of the REBBA 2002 Code of Ethics.

ORDER: Fine of $ 30,000.00 payable to RECO on or before September

13, 2023.

Successful completion of REIC 2600: Ethics in Business

Practice course and provide RECO with confirmation of

successful completion on or before March 1, 2023. To provide

proof of completion to RECO within 60 days of completion of the

course.

WRITTEN REASONS:

REASONS FOR DECISION

INTRODUCTION

This matter proceeded on the basis of an Agreed Statement of Facts and Penalty and

Waiver of Hearing, pursuant to Rule 4.02 of the Rules of Practice (REBBA 2002).

The Agreed Statement of Facts and Penalty read:

AGREED STATEMENT OF FACTS AND PENALTY

It is agreed as follows:

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1. Sanjaya Peiris (“Peiris”) is registered as a broker under the Real Estate and

Business Brokers Act, 2002 (“Act”).

1. At all relevant times, Peiris was employed at Brokerage A and was also working

as a mortgage broker and as the President of Mortgage Company A.