Home Authors Posts by Joseph Richer
At the Real Estate Council of Ontario (RECO), we’re approaching the first anniversary of the Real Estate Salesperson Program.
The Real Estate Council of Ontario (RECO) believes in a fair real estate market for all, one that is free of racism, discrimination and hate. We take this issue very seriously.
In November 2019, the Ontario government introduced the Trust in Real Estate Services Act, 2019, a bill proposing changes to the Real Estate and Business Brokers Act, 2002 (REBBA).
When buying or selling a home, we know that working with a regulated real estate professional is in the consumer's best interest. With that in mind, it’s important to reflect upon what defines professionalism in the industry.
As a regulator, our most important responsibility is to educate consumers. It’s a lot easier when you and the consumer are both well informed.
Whenever I speak to real estate boards and brokers of record, I like to remind them that consumer protection is a shared responsibility between the provincial real estate regulator and the profession.
The Real Estate Council of Ontario (RECO) is a modern regulator, and modern regulation is all about preventing problems from occurring in the first place.
To be a modern regulator, RECO must provide timely and helpful service. Consumers and registrants who contact RECO with inquiries or to file a complaint need to know what they can expect in terms of timely service.
Last year, following a competitive RFP process, RECO worked with consulting firm CamProf Inc. to launch a formal and rigorous review of all aspects of the Mandatory Continuing Education (MCE) program.
RECO believes REBBA and the code have served Ontario consumers well, but the legislation could be updated to better protect consumers and maintain strong public trust in the profession.
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