The Real Estate Council of Ontario (RECO) regulates the activity of trading in real estate in the public interest.
RECO administers the Real Estate and Business Brokers Act, 2002 and associated regulations on behalf of the provincial government.
Revoke on 2009/03/11 View Doc
Date of Decision: 2009/09/14Detail: On September 14, 2009, Homelife Arianna Realty Inc. pled guilty to one Count of failing to deposit trust money into trust, to one Count of improperly disbursing trust money, and to one Count of failing to make a written record of trust disbursements. Homelife Arianna was sentenced to pay $10,000.00 on each count, for a total monetary penalty of $30,000.00.