One of the multitudes of benefits from working with a registered real estate broker or salesperson is that your deposit is protected. It is a requirement that all registered real estate brokers and salespeople in Ontario participate in a mandatory insurance program that includes consumer deposit insurance. This consumer deposit insurance protects you in the event of fraud, misuse of funds or insolvency. The coverage is up to a maximum of $100,000 per claim. For more information, ask your real estate professional.
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