The Real Estate Council of Ontario is a not-for-profit corporation that regulates the trade of real estate in
Ontario
Ontario is the southernmost Provinces and territories of Canada, province of Canada. Located in Central Canada, Ontario is the Population of Canada by province and territory, country's most populous province. As of the 2021 Canadian census, it ...
, Canada. Established in 1997, it works on behalf of the
Government of Ontario
The Government of Ontario () is the body responsible for the administration of the Provinces and territories of Canada, Canadian province of Ontario. The term ''Government of Ontario'' refers specifically to the executive—political Minister ...
to administer and enforce the
Real Estate and Business Brokers Act and its regulations.
In Ontario, any individual or business trading in real estate must be registered with the council. As of July 31, 2017, there were more than 80,000 real estate registrants (salespersons, brokers and brokerages) in the province.
Governance
It is governed by a 12-member board of directors, comprising nine registered real estate professionals elected by their peers and three non-registrants appointed by the
Ministry of Public and Business Service Delivery and Procurement to represent consumers, business and government. Board members serve a three-year term. The Chair is Glenda Brindle. The Vice-Chair is Rebecca Ryder.
The duties of enforcing the Act are the responsibility of the Registrar, Joseph Richer.
Complaints
Anyone with concerns about the service provided by a real estate professional can submit a complaint on complaint forms which are available on the council's website. Once a complaint is received an investigation may be made. The Registrar will determine an appropriate response. It does not have authority to resolve financial or contractual disputes or provide any form of compensation to a complainant. The “Registrant Search” feature on RECO’s website allows consumers to confirm whether they are dealing with someone who is legally registered to trade in real estate in Ontario and whether that person has been the subject of any discipline activity.
Resource
Registrar Joseph Richer answers common questions from home buyers and sellers in a weekly “Ask Joe” column appearing in the Saturday edition of the
Toronto Star
The ''Toronto Star'' is a Canadian English-language broadsheet daily newspaper. It is owned by Toronto Star Newspapers Limited, a subsidiary of Torstar Corporation and part of Torstar's Daily News Brands (Torstar), Daily News Brands division.
...
.
References
External links
RECO web site
{{ONGovDept
Ontario government departments and agencies
Real estate industry trade groups based in Canada
1997 establishments in Ontario