On their public web site recently they have posted some “Questions and answers related to Real Estate and Business Brokers Act 2002 and the Consent Agreement that was entered into by the Canadian Real Estate Association“. Please note that in the Province of Ontario they are the regulators and we must abide by their rules, first and foremost.
In Ontario, those of us who are registrants are regulated by a body called the Real Estate Council of Ontario. It is this body that deals with complaints from the Public, Code of Ethics violations, etc. On their web site at www.reco.on.ca they state that “The Real Estate Council of Ontario (RECO) regulates the activity of trading in real estate in the public interest”. They do so munder the auspices of the provincial government and they administer the Real Estate and Business Brokers Act 2002.
The Consent Agreement and the Real Estate and Business Brokers Act 2002
Here is another Press Release that caught my eye and not only deals with “Trading in Real Estate without a license” but also some concerns about the insurance when dealing with a third party that is not registered.
Both are interesting and can be found on the RECO public web site!