RECO regulates the activity of trade in real estate in the public interest. Protecting the public interest is achieved through:
- Enforcing 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
Information Available to the Public
Under REBBA 2002, the Registrar is required to make certain information available to the public. RECO provides a “registrant search” feature on its website. Information available includes the registration status, the current expiry date of registration, whether or not the individual has complied with insurance requirements, and enforcement or disciplinary activities related to the brokerage, broker or salesperson. The enforcement or disciplinary activities disclosed includes:
• Registrar’s Proposals
• Convictions
• Charges
• Discipline & Appeals Decisions