Muddy York Quick Tip: What is RECO?

reco

RECO is the Real Estate Council of Ontario. RECO regulates the activity of trading in real estate in the public interest.

RECO as such is responsible for the administering the Real Estate and Business Brokers Act, 2002 and the associated regulations on behalf of the Government of Ontario.

RECO’s mandate is as follows:

  • Enforce the standards required to obtain and maintain registration as a brokerage, broker or salesperson and delivering the duties of the Registrar;
  • Establishing minimum requirements for pre-registration and continuing education;
  • Conducting routine inspections of brokerage offices to ensure compliance with REBBA 2002 and educate brokers;
  • Addressing inquiries, concerns and complaints about the conduct of registrants received from all sources and taking appropriate action to protect the public interest;
  • Establishing and administering insurance requirements, which include consumer deposit protection;
  • Promoting ongoing education and competent, knowledgeable and professional service.

For more information on RECO, visit www.reco.on.ca.

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