RECO action plan

Auditor General’s report

In 2022, the Office of the Auditor General of Ontario (OAGO) released its value-for-money audit report on the operations of the Real Estate Council of Ontario (RECO).

RECO appreciates the opportunities the report presents to enhance the important work it currently does and is planning. Many of the recommendations align very closely with RECO’s strategy to modernize the approach to administering the Real Estate and Business Brokers Act, 2002 in the public interest.

RECO’s board, management, and staff are committed to enhancing consumer confidence in Ontario’s real estate profession and raising professional standards of the over 100,000 real estate professionals.

RECO will provide detailed quarterly updates on the plan’s progress.

RECO Public Action Plan: Reporting as of May 31, 2023

News release: Auditor General releases value-for-money audit report on RECO

About RECO

RECO’s mission is to promote a fair, safe and informed real estate market for consumers in Ontario through effective and innovative regulation of the services offered by those who trade in real estate.

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