News

RECO announces new financial filing requirements to strengthen consumer protection

June 16, 2026

RECO is implementing new financial reporting measures to strengthen financial oversight of real estate brokerages. Effective October 1, 2026, all brokerages will be required to attest to and submit an annual financial filing to RECO.

RECO takes action with respect to Min Com Solutions Realty Inc. to protect consumers

June 4, 2026

RECO has taken action under the Trust in Real Estate Services Act, 2002 (TRESA) in relation to the brokerage, Min Com Solutions Realty Inc.

For the Record: June 2026

June 2, 2026

Read the Q1 2026 edition of the newsletter.

RECO provides update on iPro resolution and consumer protection actions

May 28, 2026

RECO has taken significant action to advance the resolution of the iPro matter, including supporting claims processing, pursuing recovery and accountability efforts, and implementing broader regulatory reforms to strengthen oversight of Ontario’s real estate services sector.

RECO Collaboration Summit Report: What we heard on education and professional standards

May 11, 2026

RECO has released its report from its second Collaboration Summit capturing insights from over 100 leaders across the real estate sector on the future of education and professional standards.

RECO launches improved Recent Regulatory Actions web page

May 8, 2026

RECO launches a new Recent Regulatory Actions web page to communicate enforcement action that is taken by the regulator. This update will improve transparency and strengthen consumer confidence when working with real estate agents.

RECO releases 2026 Business Plan: A clear path forward

May 5, 2026

RECO has released its 2026 Business Plan, outlining a forward-looking strategy to strengthen consumer protection, modernize regulatory oversight, and restore confidence in Ontario’s real estate services sector.

Board of Directors recruitment

May 1, 2026

We are seeking leaders who share RECO’s commitment to consumer protection and governance excellence as we shape the future of Ontario’s real estate services sector.

RECO announces governance transition to strengthen oversight following Minister’s direction

April 30, 2026

RECO is implementing a governance transition following Orders made by the Minister of Public and Business Service Delivery and Procurement, issued under the Safety and Consumer Statutes Administration Act, 1996.

Update on regulatory action involving four Save Max brokerages

April 24, 2026

RECO is providing an update regarding previous regulatory action taken on four Save Max brokerages and two individual registrants.

RECO Collaboration Summit strengthens sector dialogue on education and professional standards

April 16, 2026

RECO recently hosted its second Collaboration Summit: Advancing Excellence in Real Estate Education & Professional Standards, bringing together over 100 leaders from across the real estate sector.

RECO takes additional regulatory action against two brokerages, MEhome Realty (Ontario) Inc. and 5I5J Realty Inc.

April 2, 2026

RECO has taken additional regulatory action under TRESA in relation to two brokerages that are affiliated, MEhome Realty (Ontario) Inc. and 5I5J Realty Inc.

Restoring Trust and Public Confidence in RECO – An Update from Administrator and Acting CEO, Jean Lépine

March 31, 2026

Read the Administrator’s Implementation Plan and Transformation Initiatives Summary.

RECO takes regulatory action against two brokerages, MEhome Realty (Ontario) Inc. and 5I5J Realty Inc.

March 17, 2026

RECO has taken regulatory action under TRESA in relation to two brokerages that are affiliated, MEhome Realty (Ontario) Inc. and 5I5J Realty Inc.

Update regarding Save Max Real Estate Inc. Freeze Order

March 13, 2026

RECO is providing an update to consumers affected by recent regulatory action on four Save Max brokerages and two individual registrants.

Jean Lépine, Administrator and Acting CEO, delivers an update on RECO’s path forward at OREA’s AGM

March 12, 2026

Jean Lépine gives an update to leaders in the Ontario real estate sector on where RECO stands today and RECO’s direction moving forward and what the public and real estate sector can expect on enhanced financial oversight, financial sustainability and education.

RECO’s first Collaboration Summit: Key learnings and next steps

February 26, 2026

We are pleased to share the key learnings and highlights from the conversation of the inaugural Collaboration Summit.

RECO takes regulatory action against Royal Key Brokerage

February 23, 2026

RECO has taken regulatory action under TRESA, in relation to 2823711 Ontario Limited, trading as Royal Key Brokerage, and its broker of record, Rakesh Kumar.

Update on iPro commission protection claims and ongoing actions

February 18, 2026

This update is to provide the latest information for those directly affected by the iPro Realty Ltd. (iPro) matter, specifically agents who are in the midst of the commission protection claims process.

RECO takes regulatory action involving four Save Max brokerages

February 3, 2026

RECO has taken regulatory action under TRESA in relation to Save Max Real Estate Inc. (“Save Max”), three other Greater Toronto Area brokerages associated with Save Max, and two individuals associated with those brokerages.

Strengthening trust account oversight

January 29, 2026

In the coming weeks, we will be assessing oversight measures that reinforce compliance expectations across the sector.

RECO brings sector together at its first Collaboration Summit

January 29, 2026

The summit marked the beginning of a more open, ongoing dialogue between RECO and the sector, with a focus on three priority areas: annual brokerage financial filings, trust account oversight, and the insurance program.

RECO announces full payment of eligible iPro commission protection claims

January 21, 2026

RECO today announced that claimants affected by the iPro Realty Ltd. (iPro) matter will be able to receive 100 per cent of their eligible commission protection claims.

RECO announces major transformation initiatives, a new corporate structure, and a new executive team

January 8, 2026

Announcement of important changes designed to drive change and rebuild trust in the regulator.

Update on iPro Realty insurance claims and ongoing actions

January 6, 2026

An update for former iPro Realty agents and others directly affected on the status of insurance claims and the actions taken.

Update on iPro commission claims: Revisions to insurance release forms

December 30, 2025

We are pleased to report that the insurer has simplified the release forms for clarity and ease of understanding.

An open letter on the actions addressing the iPro matter and upcoming transparency initiatives

December 24, 2025

An open letter to those directly impacted by the iPro matter and all registrants on ongoing actions and upcoming initiatives to enhance transparency.

RECO takes additional regulatory action against HomeLife Today Realty Ltd.

December 23, 2025

Today, RECO issued an order to immediately suspend the registrations of the HomeLife Today Realty Ltd. brokerage, brokerage owner, and the current broker of record, and issued a proposal to revoke the registrations of the brokerage, brokerage owner, as well as the former and current brokers of record.

Leadership Transition at the Real Estate Council of Ontario

December 18, 2025

After careful consideration, Brenda Buchanan has made the personal decision to step down as Chief Executive Officer, effective December 31, 2025.

Update on ongoing civil proceedings and other iPro Realty matters

December 18, 2025

The insurer's pro-rated payments of 50% of eligible commission protection claims are underway. This first step doesn’t preclude additional payments as funds are recovered through current insurance and civil proceedings.

Today’s update from the Insurance Program Manager

December 15, 2025

Pro-rated payments of iPro commission protection claims begin this week. I’m pleased to report on the important step announced today by the Insurance Program Manager, Alternative Risk Services, to begin to pay out of eligible commission protection claims at a pro-rated amount of 50 per cent with the assistance of the professional liability insurance program.

RECO issues public advisory regarding HomeLife Today Realty Ltd.

December 10, 2025

Under the authority of the Trust in Real Estate Services Act, 2002 (TRESA), the Real Estate Council of Ontario (RECO) has taken action with respect to a Toronto-based brokerage.

Update for former iPro agents about documentation

November 26, 2025

As year-end approaches, RECO has received questions from former iPro agents about documentation such as T4s, commission statements, and trade sheets.

Letter from RECO’s Board to the Minister (MPBSDP)

November 25, 2025

Read the letter

Statement from RECO’s Board of Directors following Minister’s letter

November 13, 2025

The Real Estate Council of Ontario’s (RECO’s) Board of Directors (Board) acknowledges receipt of a letter from the Minister of Public and Business Service Delivery and Procurement regarding consideration of the appointment of an Administrator to RECO.

Update: Addressing cheques to iPro Realty Ltd.

November 6, 2025

RECO understands that there has been some confusion amongst co-operating brokerages on how to address cheques so they can be successfully deposited (or credited) into iPro’s real estate trust account.

RECO issues public advisory regarding REXIG Realty Investment Group Ltd. and Pawel (Paul) Poliszot

October 30, 2025

Today, under the authority of TRESA, RECO has taken two actions with respect to an Oakville-based brokerage and one of its brokers, who is the brokerage’s director and president.

Statement from RECO Board of Directors on Dentons’ Independent Report

October 30, 2025

RECO’s Board of Directors has received Dentons Canada LLP’s final report on its independent and comprehensive review of RECO’s handling of the iPro Realty Ltd. matter. The report has been shared with the Minister of Public and Business Service Delivery and Procurement.

For the Record: Brokerage leadership edition (October 2025)

October 27, 2025

The October 2025 issue of For the Record: Brokerage leadership edition

Update: Global West Real Estate Developments Limited

October 2, 2025

If you believe you have a claim against Global West Real Estate Developments Limited (“Global West”), you must file a notice of the claim on or before October 15, 2025, with the lawyers for Lloyd’s Underwriters and 3303128 Canada Inc. t/a Alternative Risk Services.

Update: Graydon Hill Realty Ltd.

October 2, 2025

If you believe you have a claim against Graydon Hill Realty Ltd. (“Graydon Hill”), you must file a notice of the claim on or before October 6, 2025, with the lawyers for Lloyd’s Underwriters and 3303128 Canada Inc. t/a Alternative Risk Services.

Insurance Program Manager update

October 1, 2025

The following update is from the Professional Liability Insurance Program Manager (Alternative Risk Services*) and is being shared with former iPro registrants and brokers of record.

RECO submits evidence in legal process aimed to recover consumer and registrant trust funds at iPro Realty

September 19, 2025

The Real Estate Council of Ontario (RECO) continues to take action in relation to iPro Realty.

RECO files Notice of Application to pursue recovery of consumer and registrant trust funds at iPro Realty

September 12, 2025

RECO has issued a Notice of Application with the Ontario Superior Court of Justice (Commercial List) to initiate proceedings against iPro Realty’s former principals and other parties.

RECO update on iPro insurance process

September 5, 2025

On August 19, 2025, RECO committed to providing an update to consumers and registrants affected by the iPro matter about the insurance claims process. Please see the update below.

Response from RECO Board Chair to Minister’s Letter

August 29, 2025

The RECO Board will do everything in its power to protect the rights, deposits and commissions of the affected homeowners, agents, and brokerages, to reinforce public confidence in the sector, and to ensure that RECO emerges as a more transparent organization and with enhanced consumer protection measures in place.

Update for consumers, agents and brokerages: iPro freeze order

August 25, 2025

The Real Estate Council of Ontario (RECO) has placed an immediate freeze on iPro’s accounts to safeguard trust funds.

RECO’s board acts to protect homebuyers and sellers; launches immediate independent and comprehensive audit into iPro matter

August 25, 2025

“RECO’s board of directors takes its responsibility to protect consumers and registrants seriously. We have directed the CEO to take clear and concrete action to protect homebuyers and sellers and real estate agents and to strengthen our ability to deliver on RECO’s mandate,” said Katie Steinfeld, Chair.

A statement from RECO’s CEO, Brenda Buchanan

August 22, 2025

With the support of RECO’s board of directors, I have acted and effective August 22, 2025, Mr. Joseph Richer, the Registrar appointed under the Trust in Real Estate Services Act, 2002, has left RECO.

Update for consumers and agents: iPro closure

August 19, 2025

This is an update following RECO’s advisory last week of the wind-up and closure of iPro Realty Ltd. and all its branches effective August 19, 2025.

iPro Realty Ltd. closure effective August 19, 2025

August 14, 2025

Read advisory for more information.

For the RECOrd: August 2025

August 7, 2025

Read the Q2 2025 edition of the newsletter.

RECO Sector Advisory

August 6, 2025

RECO previously advised that it was in the final stages of a lengthy investigation into academic misconduct (cheating) related to online exams for compulsory education courses. RECO can advise that it has filed a proposal to revoke the registration of two agents, along with a suspension order with immediate effect.

Brenda Buchanan appointed CEO of RECO, Ontario’s regulator of real estate services

July 21, 2025

The board of directors of the Real Estate Council of Ontario (RECO) is pleased to announce the appointment of Brenda Buchanan as Chief Executive Officer effective immediately.

RECO launches multiple education providers for real estate education in Ontario

July 3, 2025

The Real Estate Council of Ontario (RECO) has launched a new multi-provider model for real estate registration education, marking a significant milestone in its multi-year transformation of real estate education in the province.

For the Record: Brokerage leadership edition (June 2025)

June 20, 2025

The inaugural issue of For the Record: Brokerage leadership edition

RECO Sector Advisory

June 17, 2025

RECO is at the final stages of a lengthy investigation into alleged academic misconduct (cheating) related to online exams for compulsory education courses required to become a real estate agent in Ontario.

New videos: RECO spotlights key elements of TRESA in practice

June 13, 2025

As part of its ongoing efforts to support registrants in complying with the Trust in Real Estate Services Act, 2002 (TRESA), the Real Estate Council of Ontario (RECO) is pleased to share four videos that spotlight topics registrants indicated in a survey that they would like more information about.

RECO announces three sector directors, chair and vice-chair

June 2, 2025

The Real Estate Council of Ontario (RECO) is pleased to announce the election of three board members at its Annual General Meeting (AGM) on May 29, 2025.

Annual Report and Business Plan Launch

April 28, 2025

RECO’s 2024 Annual Report highlights progress in consumer protection and regulatory oversight

RECO launches new logo, mission, and vision to clarify its role as a consumer protection organization

April 24, 2025

The Real Estate Council of Ontario (RECO) today shared its new logo, mission and vision, as part of its strategic plan to clarify its important consumer protection mandate.

For the RECOrd: April 2025

April 15, 2025

Read the Q1 2025 edition of the newsletter.

RECO introduces multiple education providers to deliver real estate learning across Ontario

March 6, 2025

RECO, the regulator of real estate agents and brokerages in Ontario, announced today the four providers that will deliver real estate education across the province.

Update: RE/MAX Legend Real Estate Inc.

January 9, 2025

An update to the original public advisory from June 10, 2024

For the RECOrd: December 2024

December 12, 2024

Read the Q4 2024 edition of the newsletter.

RECO CEO to retire in February 2025

December 9, 2024

After a successful seven-year tenure leading RECO through a period of growth and positive change, CEO Michael Beard has advised the Board of his plan to retire in February 2025.

RECO announces new independent provider to administer exams to real estate learners in Ontario

October 24, 2024

RECO, the regulator of real estate agents and brokerages in Ontario, has engaged Meazure Learning, a leading independent examination provider, to deliver exams for learners seeking to become registered as real estate agents.

Legal corner: $14,000 fine for mismanaging delayed offer process

October 8, 2024

A delayed offer presentation process typically means that the seller will not view or consider offers until a specified date and time.

For the RECOrd: October 2024

October 8, 2024

Read the Q3 2024 edition of the newsletter.

​​RECO’s Consumer Advisory Council and Industry Advisory Council members announced

July 26, 2024

Following Minister’s orders received in January 2024, the Real Estate Council of Ontario (RECO) confirmed the members on each of two new advisory councils – the Consumer Advisory Council (CAC) and Industry Advisory Council (IAC).

Legal corner: Inaccurate listing information leads to $10,000 fine

June 27, 2024

When representing a seller, Ontario agents are required to take steps to verify information they publish to promote a property, including details relating to property upgrades or renovations.

For the RECOrd: June 2024

June 27, 2024

Read the June 2024 edition of the newsletter.

For the RECOrd: March 2024

March 28, 2024

Read the March 2024 edition of the newsletter.

Legal corner: Due diligence required before listing a property with a basement apartment

March 27, 2024

A recent disciplinary decision provides a good example that due diligence is required before listing a property with a basement apartment.

Public statement regarding Minister’s Orders

January 2, 2024

RECO's Board of Directors received a letter from the Minister of Public and Business Service Delivery, outlining five orders related to changes to the Board.

Sector Advisory: Agreements must comply with the legislation

December 19, 2023

RECO is aware that some brokerages are entering into agreements that do not comply with the legislation.

For the RECOrd – December 2023

December 18, 2023

Read the December 2023 edition of the newsletter.

Legal corner: Deposits play an important role in a real estate transaction

December 12, 2023

A recent disciplinary decision provides a good example of how deposits play an important step in the real estate transaction experience.

Update: RE/MAX North Country Realty Inc.

November 17, 2023

An update to the original public advisory from December 31, 2019

Legal corner: Consequences for failed promises

August 15, 2023

Registrants should be mindful that they are accountable for promises made to a client, and failed promises can have significant implications and consequences.

RECO issues public advisory regarding Hussnain Team P.R.E. Corporation, & Hussnain Hameed

July 19, 2023

RECO issues public advisory regarding Hussnain Team P.R.E. Corporation, operating as HH Homes Realty, Brokerage and Hussnain Hameed

Legal corner: Falsifying documents result in disciplinary action

May 17, 2023

Falsifying trade-related documents can have significant implications and consequences for some, or everyone involved in the trade.

Always verify identity to protect both you and your clients

February 14, 2023

Registrants are required to verify that the parties in a transaction are who they say they are.

Legal corner: Property taxes – get it right

December 19, 2022

It is critical that real estate agents always confirm details of a property using appropriate sources and never make an uninformed estimate on their own about any information in the listing notes.

How the CAO helps real estate agents and condo buyers

December 15, 2022

Recent data reveals that nearly half of newly built homes in Ontario are condominiums.

Auditor General releases value-for-money audit report on RECO

November 30, 2022

The Office of the Auditor General of Ontario (OAGO) has released its value-for-money audit report on the Real Estate Council of Ontario (RECO) after a year-long audit process.

Statement from the Registrar

October 28, 2022

Mortgage fraud is illegal

Legal corner: Listing agents must take reasonable steps to verify information about parking spaces

October 5, 2022

Originally published in For the RECOrd (July 2022)

Legal corner: Convey all offers, regardless of the timing, unless instructed otherwise

October 5, 2022

For listing representatives, proper handling of the offer presentation process is critical.

Electrical safety and your clients

September 28, 2022

The following article is a guest column from HCRA.

Registrant satisfaction survey 2021

June 1, 2022

Every two years, RECO conducts a registrant satisfaction survey to get input on a broad range of topics relating to the industry and RECO.

Illegal building: The HCRA, Tarion, and you

May 18, 2022

The following article is a guest column from HCRA.

Learner misconduct in Humber Real Estate Education Program

November 2, 2021

Learner misconduct in Humber Real Estate Education Program

Payments and applications are fully online on October 25, 2021

October 15, 2021

Effective October 25, 2021, all payments and applications for new registration and reinstatement of registration will be accepted when submitted online only through MyWeb.

Concerns about steering based on commission

September 2, 2021

We are concerned that some real estate agents and brokerages in Ontario may be steering their buyer clients toward listings where the seller is offering buyer representatives higher commissions over those offering lower commissions.

RECO moves to fully online registration applications for salespersons and brokers

August 24, 2021

Effective September 17, 2021, we are phasing out PDF forms and moving to online-only registration applications for individual salespersons and brokers.

Online payments and web forms

July 8, 2021

Introducing online payments

RECO issues public advisory regarding Wynn Realty Corporation and Wayne Simpson

June 25, 2021

RECO issues public advisory regarding Wynn Realty Corporation and Wayne Simpson

Ministry of Government and Consumer Services Appoints New Member to the RECO Board of Directors

December 15, 2020

The Real Estate Council of Ontario is pleased to welcome Ms. Janet Cloud to its Board of Directors, as appointed by the Ministry of Public and Business Service Delivery.

Personal Real Estate Corporations (PREC) and Advertising Terms

October 7, 2020

The Ontario Government has introduced new and amended regulations.

Update: RECO issues Public Advisory regarding Sutton Group Central Realty Inc.

May 26, 2020

Updated: May 26, 2020

Updates on the Trust in Real Estate Services Act, 2020

November 20, 2019

Government Introduces New and Amended Regulations: Personal Real Estate Corporations (PRECs) & Advertising Terms

Government Introduces Bill to Reform REBBA

November 20, 2019

The Ontario government has introduced the Trust in Real Estate Services Act, a bill which proposes changes to the Real Estate and Business Brokers Act, 2002 (REBBA)

Report on Mandatory Continuing Education spells out action plan for enhancements

June 28, 2019

A new report covers key findings on RECO’s Mandatory Continuing Education (MCE) program.

Check out RECO’s Updated Real Estate Professional Search Tool

March 29, 2019

We know that the Real Estate Professional Search Tool is a key source of information for registrants looking to confirm the registration of another salesperson or broker.

RECO’s submission to government REBBA review consultation

March 28, 2019

In late-January 2019, the Ontario government launched a consultation on possible changes to the Real Estate and Business Brokers Act, 2002 (REBBA).

The Ontario government is consulting on REBBA reform–and they want to hear from you

January 31, 2019

Today, the Ontario government launched a consultation on a broad range of possible changes to the Real Estate and Business Brokers Act, 2002 (REBBA).

Learn about RECO’s proposals for REBBA reform

December 28, 2018

The Real Estate and Business Brokers Act, 2002 (REBBA) provides a strong foundation for regulating the real estate sector, but it is due for an update to reflect the changing marketplace.

RECO’s new Strategic Plan: a bold commitment that will build trust in the industry

November 29, 2018

Earlier this fall, the Real Estate Council of Ontario (RECO) released a Strategic Plan for the next five years that’s bold in tone and bold in its commitments.

Ask the Registrar: Legalization of Cannabis

October 16, 2018

Soon it will be legal to grow up to four marijuana plants in Ontario residences.

Legal corner: Mishandling of offer process results in major fine

August 30, 2018

For listing representatives, fair handling of the offer presentation process is essential.

Supreme Court declines to hear TREB’s appeal against the Competition Bureau: What it means for compliance with REBBA

August 28, 2018

On August 23, 2018, the Supreme Court of Canada declined the Toronto Real Estate Board’s (TREB’s) request to appeal a lower court ruling.

Ask the Registrar: Pre-closing visits

July 31, 2018

My client is buying a property with a basement apartment, and they would like to bring a potential tenant to the pre-closing visit. How should I handle this situation?

When the property is damaged after the offer: Three ways to protect your buyer client

May 31, 2018

Real estate transactions depend upon good faith between buyers and sellers.

Ask the Registrar: How long do I have to keep old files to be compliant? Do we require written permission to destroy old files?

April 26, 2018

A brokerage must retain written offers to purchase that have not been accepted for at least a year after the brokerage received the written offer.

Represent your client, but remember: tenants have rights, too

March 29, 2018

Real estate salespeople are expected to work hard for their clients.

Ask the Registrar: I heard about new regulations regarding door-to-door sales and standard lease agreements. How do these apply to me?

March 29, 2018

As of March 1, 2018, Ontario has banned unsolicited door-to-door sales of certain household appliances, such as furnaces and water heaters.

Professional courtesy is part of the job

February 28, 2018

Most registrants know that professional courtesy is essential to earning the respect of colleagues, and building a positive reputation for the industry.

Industry leaders speak up on key issues at RECO Town Halls

February 28, 2018

Last fall, RECO toured the province to host Town Hall meetings with the leaders of real estate boards and brokerages in seven local communities.

Education update: High-tech learning coming to Registration Education

February 27, 2018

With just over a year to go until the launch of the new Registration Education program, we are excited to provide you with an update on the progress we’ve made.

RECO welcomes new CEO

January 31, 2018

Michael Beard brings a history of public service and strategic leadership with a strong commitment to protecting consumers.

RECO announces new CEO

October 23, 2017

I am very pleased to announce that RECO has appointed Michael Beard as its new CEO, effective November 6th.

RECO supports government announcement about multiple representation

October 5, 2017

This morning the Ontario government announced new legislation that will increase consumer protection in the real estate marketplace.

RECO encourages Ontarians to submit feedback on government’s proposal to prohibit double ending

July 19, 2017

RECO is encouraging Ontarians to take part in the provincial government’s public consultation on proposed changes to the rules for multiple representation.

RECO selects Humber College-NIIT Canada as new education provider

April 4, 2017

The Real Estate Council of Ontario announced today that the consortium of Humber College Institute of Technology & Advanced Learning and NIIT Canada will be the future provider of registration education for aspiring real estate salespersons and brokers (commonly called real estate agents) in the province.