Message from the Chair

Mike Cusano

Mike Cusano, Chair, RECO Board of Directors

Here comes the future

This is an important time for the real estate sector. There are numerous initiatives underway that will lead to modernized regulations, elevated professional standards and better protection for Ontario’s home buyers and sellers.

Calling all registrants—have your say!

The Real Estate and Business Brokers Act, 2002 (REBBA) has served Ontario consumers well, but it was crafted more than 15 years ago, in a different real estate environment. In the government’s upcoming phase two of the REBBA review, we have an opportunity to amend the legislation so that it reflects the current real estate reality, and considers the marketplace of tomorrow.

This opportunity for legislative change does not come along very often. The industry was vocal during phase one of the review, and we hope this enthusiasm will carry forward to phase two. An ongoing and vigorous dialogue is exactly what is needed at this time.

Read more about RECO’s REBBA review recommendations.

Marking one year of Be Home Smart

As members of our industry, you well know that there is no better way to connect with people than through face-to-face interaction. This fall marks one year since RECO launched the Be Home Smart Tour – a new and interactive campaign that allows us to engage with consumers, in-person, at shows targeted at engaged couples, new parents, boomers, new Canadians, and at community events like the Canada 150 celebration in Ottawa.

So far, we have attended 18 events in 10 Ontario communities, and interacted with over 55,000 Ontarians. We reached millions more through advertisements, social media and mainstream media. That means there are more buyers and sellers who understand the importance of a regulated and fair real estate marketplace.

We’ve heard you—reviewing Mandatory Continuing Education

In 2017, we will launch a review of the Mandatory Continuing Education (MCE) program so that we can identify ways to enhance it. Since the program launched in 2013, we have listened to registrant feedback and made changes based on those comments.  The new 2017 RECO Update Course is a great example. It’s faster and easier to navigate, and we’ve made sure the content is interesting to both new and experienced registrants. Read more about the update course.

The upcoming review will provide us with an opportunity to gather specific feedback and consider options for implementation. To ensure registrant confidentiality, a third-party will conduct the review. Check your inbox for more details.

Construction in progress—building registration education

The development of the new registration education program is also a top priority for the organization. The goal is to ensure that new registrants have the skills and knowledge to hit the ground running from day one. I’m pleased to report that over the summer RECO, Humber and NIIT Canada worked closely with subject matter experts on program development.

The program will use innovative new learning technologies, while providing a classroom option for those who prefer to learn in person.

Change for the better

Today, we’re in an exciting period of change. There is much work ahead, but the end result will be better for consumers, and the brokers and salespeople who represent them.

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