For ease, we encourage you to share the following directly with your members.
Subject: FINAL REMINDER: Complete your insurance renewal payment to avoid suspension
This is your final reminder to renew your professional liability insurance. Registrants who do not pay their insurance renewal payment today will face immediate suspension of their registration tomorrow.
Log in to MyWeb now and make your payment
If you have already made your payment, thank you.
Consequences of not making your payment before September 1
Failure to pay before the deadline will result in the immediate suspension of your registration, and your Broker of Record will be notified.
- Immediate trading halt: You cannot legally trade in real estate in Ontario while suspended.
- Public directory update: Your suspended status will be publicly displayed on RECO’s Registrant Search directory.
- Coverage lapse: Your insurance coverage will lapse, putting you out of compliance with registration requirements.
Payment Instructions
- Payment amount due: $535 (includes the $500 payment plus the $35 administrative fee).
- Final deadline: Before September 1, 2026.
- Where to pay: Log in to MyWeb to pay by Visa or MasterCard (Note: AMEX, cash, cheques, and money orders are not accepted).
- Payment tutorial: Watch this quick step-by-step video tutorial on how to pay.
- For Brokers of Record: You can review outstanding balances for all registered agents at your brokerage and process bulk payments for your team under the “Employees” tab in MyWeb.
Additional resources
- New Professional Liability Insurance Program CE Elective Course: Learn how RECO’s insurance program protects you and consumers during transactions. Access the course on MyWeb.
- MyWeb guide on how to make payments.
- MyWeb guide on how to make payments on behalf of your agents.
- RECO’s insurance renewal web page.
- Information about the coverage provided by the insurance program broker, Alternative Risk Services.