RECO issues Public Advisory regarding TheRedPin.com Realty Inc.
The Real Estate Council of Ontario (RECO) has been advised that the following brokerage went into receivership on June 14, 2018:
TheRedPin.com Realty Inc., of 5 Church Street, Toronto, ON M5E 1M2
RECO is monitoring the situation, and taking all necessary steps under the Real Estate and Business Brokers Act 2002 (REBBA). Buyers and sellers who may be concerned about whether a transaction will be completed on time should speak to their real estate representative and perhaps seek advice from their own lawyers.
Buyers and sellers with questions or concerns about deposit money should contact RECO:
RECO Insurance Department
Employees of TheRedPin.com Realty Inc., with questions or concerns about salaries should contact the receiver:
Employees of TheRedPin.com Realty Inc., with questions about the procedures for transferring a registration to a new brokerage should contact RECO:
Phone: (416) 207-4800
Toll Free: 1-800-245-6810
Brokers and salespersons who have questions about the commission protection coverage and the process for making a claim should contact:
Toll Free: 1-877-740-1913