Tags Posts tagged with "Real Estate Council of Ontario"

Real Estate Council of Ontario

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Nearly 20 years after it was passed, the act governing Ontario’s real estate industry is getting an update. The government introduced the Trust in Real Estate Services Act, 2019 in the Ontario legislature on Tuesday.

The system reduces safety risks for customers and salespeople showing properties in part because it does not permit unauthorized code-sharing.

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The traditional lockbox has come to a crossroads as high-tech lock systems that offer better security and transparency build a following in Canada’s real estate world.

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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.

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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.

John DiMichele, left and Miguel Lameiro.

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John DiMichele: "Earlier this summer, I met with Miguel Lameiro, Humber College associate dean of program delivery, education and training solutions."

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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.

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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.

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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.

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The Real Estate Council of Ontario (RECO) has frozen the bank accounts of Reio Realty Ltd. in Niagara Falls, Ont.

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The rights of real estate salespeople and brokers in Ontario to transact short-term rental accommodations have been affirmed after the Real Estate Council of Ontario issued a bulletin last week.