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.
Revoked on 2009/03/11 View Doc
On November 9, 2009, David Seto pled guilty to 8 counts of failing to ensure, while broker of record of Re/Max Executives Realty Inc. (1996), that the brokerage complied with the Act in respect of the brokerage’s failure to deposit trust monies. On February 22, 2010, Mr. Seto was sentenced to 1 year incarceration. The sentence is under appeal.