Legal Corner
Falsifying documents result in disciplinary action
A recent disciplinary decision provides a good example of how falsifying trade-related documents leads to serious consequences. Read about this real-life example in the latest issue of Legal Corner.
Read Legal Corner on RECO’s website for more real-life examples of misconduct resulting in disciplinary action.
Keep informed about updates on TRESA
Recently the government announced it delayed the in-force date of the Phase 2 legislative changes to assess a regulatory proposal to further enhance consumer protection and offer more consumer choice. At this time, RECO does not have a new effective date, however, will notify registrants when a new date is announced.
In the meantime, a dedicated TRESA page has been created on RECO’s website. The TRESA Explained page is your hub of information about the key changes, bulletins on a variety of TRESA-related topics and videos. Information will be posted on the page as it becomes available.
Join us for RECO’s 2023 virtual annual general meeting
You are invited to participate virtually in RECO’s 2023 annual general meeting (AGM) on May 25, 2023, at 10 a.m.
New and exciting this year will be:
An exclusive keynote address from Benjamin Tal, managing director and deputy chief economist with CIBC World Markets.
A panel about Phase 2 of TRESA, moderated by award-winning journalist Peter Mansbridge, former chief correspondent for CBC News & anchor of The National, and featuring RECO’s registrar, Joseph Richer and industry experts.
If you would like to participate and vote, you must register by no later than Monday, May 22 at 4:30 p.m. (EST). Registration is required to attend the event. Register now.
2023 Board of Directors election – The results are in!
Meet the successful nominees for the 2023 RECO Board of Directors elections. These individuals will be appointed as industry directors by ordinary resolution at RECO’s annual general meeting on Thursday, May 25, 2023.
Reminder to always verify identity to protect both you and your clients
Registrants play a crucial role in protecting the interests of their clients and the integrity of real estate transactions. Read more about how you can protect yourself and your clients from becoming victims of identity fraud.
Annual renewal of the professional liability program begins July 2023
The renewal of the professional liability program administered by RECO begins in July 2023. As a reminder, RECO will be accepting only online payments and no longer accepting cheques.
Annual report
We are pleased to share RECO’s 2022 annual report. Read about RECO’s achievements over the past year and what to look forward to in 2023.
Business plan
RECO’s 2023 business plan is now available.
Ask Joe
RECO’s weekly Toronto Star column, Ask Joe, answers questions from readers on a variety of topics, including deposit protection, navigating offers, and how real estate agents get paid. Please encourage your clients to send their questions to Joe at information@reco.on.ca.
Here are some of our recent columns:
- Given the current real estate market, what advice do you have for first-time homebuyers?
- What do I need to know about buying a cottage?
- Who is responsible if damage happens to a home between purchase and closing?
- Would you recommend buying a home with a rental unit?
- What are a seller’s obligations during a real estate transaction?
Brampton Real Estate Board 