News
The latest news for real estate professionals
October 7, 2020
Personal Real Estate Corporations (PREC) and Advertising Terms
The Ontario Government has introduced new and amended regulations to the Real Estate and B...
Topic: Advertising advertising terms Advisory Group Personal Real Estate Corporation PREC remuneration TRESA
November 20, 2019
Updates on the Trust in Real Estate Services Act, 2020
October 1, 2020Government Introduces New and Amended Regulations: Personal...
Topic: advertising terms Personal Real Estate Corporation PREC REBBA REBBA 2002 REBBA reform TRESA Trust in Real Estate Services Act
June 28, 2019
Report on Mandatory Continuing Education spells out action plan for enhancements
A new report covers key findings on RECO's Mandatory Continuing Education (MCE) program. C...
Topic:
June 7, 2019
Are you receiving every email RECO sends you? Check your spam folder.
In recent weeks, some registrants have informed RECO staff they have missed important noti...
Topic: spam
April 12, 2019
New Registrar’s Bulletin: Compliance when facilitating short-term accommodation rentals
As the business of real estate brokerages evolves in an ever-changing marketplace, some re...
Topic:
March 29, 2019
Now live: Check out RECO’s Updated Real Estate Professional Search Tool
We know that the Real Estate Professional Search Tool is a key source of information for r...
Topic: website
March 28, 2019
RECO’s Submission to Government REBBA Review Consultation
In late-January 2019, the Ontario government launched a consultation on possible changes t...
Topic: REBBA REBBA reform
January 31, 2019
The Ontario government is consulting on REBBA reform–and they want to hear from you
Today, the Ontario government launched a consultation on a broad range of possible changes...
Topic: REBBA REBBA reform
December 28, 2018
Learn about RECO’s proposals for REBBA reform
The Real Estate and Business Brokers Act, 2002 (REBBA) provides a strong foundation for ...
Topic:
November 29, 2018
RECO’s new Strategic Plan: a bold commitment that will build trust in the industry
Earlier this fall, the Real Estate Council of Ontario (RECO) released a Strategic Plan for...
Topic:
October 16, 2018
Ask the Registrar: Legalization of Cannabis
Soon it will be legal to grow up to four marijuana plants in Ontario residences. How do I ...
August 30, 2018
Legal corner: Mishandling of offer process results in major fine
For listing representatives, fair handling of the offer presentation process is essential....
Topic: delayed offer presentation legal corner muitple offers
August 30, 2018
Sneak peek: RECO to launch new consumer campaign this fall
RECO actively reaches out to Ontarians to help them learn about their rights and responsib...
Topic: Consumer outreach
August 28, 2018
Supreme Court declines to hear TREB’s appeal against the Competition Bureau: What it means for compliance with REBBA
On August 23, 2018, the Supreme Court of Canada declined the Toronto Real Estate Board's (...
Topic: Advertising
July 31, 2018
Three reasons to check out RECO’s refreshed website
We’ve given RECO’s website important enhancements that make it easier to find essentia...
Topic: website
July 31, 2018
Ask the Registrar: Pre-closing visits
My client is buying a property with a basement apartment, and they would like to bring a p...
June 26, 2018
Check out RECO’s latest webinar to learn about lockbox compliance and more
Last week, Brokers of Record and Executive Officers across Ontario tuned in for the RECO L...
Topic: Advertising Education lockboxes professionalism regulation
May 31, 2018
When the property is damaged after the offer: Three ways to protect your buyer client
Real estate transactions depend upon good faith between buyers and sellers. Unfortunately,...
May 16, 2018
Announcement regarding RECO’s Board of Directors
Steve Bailey has resigned from RECO’s Board of Directors, effective immediately, for bus...
Topic:
May 15, 2018
MCE Review: Registrants called to participate in survey
RECO has launched a formal, third-party review of the Mandatory Continuing Education (MCE)...
Topic: CamProf Inc. Education MCE MCE survey real estate education RECO Mandatory Continuing Education RECO MCE Review
April 26, 2018
Ask the Registrar: How long do I have to keep old files to be compliant? Do we require written permission to destroy old files?
The short answer to your question is that the Real Estate and Business Brokers Act, 2002 (...
Topic: documents electronic files old files REBBA
April 11, 2018
RECO working to address MyWeb issues
Since April 2, 2018, some of you may have experienced functionality issues with MyWeb, REC...
Topic:
March 29, 2018
Ask the Registrar: I heard about new regulations regarding door-to-door sales and standard lease agreements. How do these apply to me?
Door-to-door sales
As of March 1, 2018, Ontario has banned unsolicited door-to-door sales...March 29, 2018
Represent your client, but remember: tenants have rights, too
Real estate salespeople are expected to work hard for their clients. But when a registrant...
February 28, 2018
Industry leaders speak up on key issues at RECO Town Halls
Last fall, RECO toured the province to host Town Hall meetings with the leaders of real es...
February 28, 2018
Professional courtesy is part of the job
Most registrants know that professional courtesy is essential to earning the respect of co...
February 27, 2018
Education update
High-tech learning coming to Registration Education
With just over a year to go until the...Topic: Education Mandatory Continuing Education MCE Registration Education
January 31, 2018
“Be Home Smart” campaign empowered consumers in an uncertain market
In an uncertain real estate market, consumers are eager for information on how to protect ...
Topic: Be Home Smart campaign
January 31, 2018
RECO welcomes new CEO
RECO welcomed a new CEO this fall. Michael Beard brings a history of public service and ...
Topic: RECO CEO
December 30, 2017
REBBA review update: Ontario government passes key legislation
This month, the Ontario government passed the Strengthening Protection for Ontario Consume...
Topic: REBBA review
December 1, 2017
Tune into RECO’s Town Hall to learn about multiple representation rule changes, and more
On December 7, tune into RECO’s Town Hall meeting to learn more about issues that matter...
Topic: Mandatory Continuing Education multiple representation REBBA reform service standards Town Hall
December 1, 2017
Complete the registrant survey to help RECO serve you better
Want to let us know how we can do a better job of providing essential services? Take a few...
Topic: registrant survey
October 30, 2017
The new registration education program: Giving new registrants a strong start
Development of the new real estate registration education program is well underway and we'...
Topic: Education Registration Education
October 30, 2017
Enhancing our Service Standards
We’re excited to share with you a new report card that outlines the levels of service th...
Topic: service standards
September 26, 2017
Understanding RECO’s consumer outreach
Members of the industry sometimes ask us why we do consumer outreach. The reason is simple...
Topic: Be Home Smart Consumer outreach
September 26, 2017
Message from the Chair
Mike Cusano, Chair, RECO Board of Directors
Here comes the future
This is an import...Topic: Be Home Smart Mandatory Continuing Education MCE Message from the Chair REBBA review Registration Education
August 31, 2017
3 reasons to look forward to the new RECO Update Course
The 2017 RECO Update Course is now available, in residential and commercial versions. Let'...
Topic: commercial Mandatory Continuing Education MCE RECO Update Course residential
August 9, 2017
RECO’s recommendations for REBBA review
In June 2017, the Ontario government launched the first of two public consultations on pro...
July 31, 2017
6 common questions we receive from registrants
With over 80,000 registrants in Ontario, RECO handles a lot of inquiries. Here are six of ...
Topic: Advertising assistants certificate Open Houses parking your registration referral fee registration due date
July 31, 2017
Follow-up on RECO’s AGM
At RECO's Annual General Meeting, we didn't have time to answer all of the written questio...
Topic:
June 30, 2017
Government launches consultation on multiple representation
Last week, the Ontario government launched a consultation on proposed changes to...
June 30, 2017
Ask the Registrar: I won’t be trading for a year or two. Can I park my registration until I’m ready to trade again?
Under the Real Estate and Business Brokers Act, 2002 (REBBA), there is no concep...
Topic: parking your registration registration reinstate real estate registration
May 31, 2017
What you need to know before using an escalation clause – UPDATE
(Updated June 6, 2017)
Note: This article replaces a recent newsletter article on...Topic: Offers
May 3, 2017
Charging “entry fees” for pre-construction units
The Real Estate Council of Ontario (RECO) has become aware of a potentially unlawful pract...
Topic: Fees professionalism
April 27, 2017
2017 Election sets records
Congratulations to the successful nominees of this year’s election. They will be elected...
Topic: Elections
April 4, 2017
RECO selects provider for new registration education program
RECO’s work on a new registration education program (the New Program) has reached an imp...
Topic: Registration Education
March 30, 2017
New and improved MyWeb coming tomorrow
Exciting updates are coming for the MyWeb self-service portal.
Here are the key improve...
Topic: New at RECO RECO services
March 30, 2017
Ask the Registrar: Multiple representation and customers
Do multiple representation disclosure requirements apply when you’re representing one cl...
Topic: clients clients vs. customers customers multiple representation
February 28, 2017
Introducing RECO’s first-ever Advisory Group
Recruitment for RECO’s new Advisory Group is now complete! We reviewed an overwhelming n...
Topic: Advisory Group
February 28, 2017
4 advertising shortcuts that lead to consumer complaints
RECO often gets complaints from consumers about advertisements for the home they have boug...
Topic: Advertising complaints
January 27, 2017
Legal Corner: Failure to disclose multiple representation leads to major fine
Multiple representation is garnering media attention, and a disciplinary decision from las...
January 26, 2017
Keeping your appointments is basic professional courtesy
The Real Estate Council of Ontario (RECO) has been receiving complaints about registrants ...
Topic: professionalism
January 26, 2017
What you should disclose about a heritage property
Although the article below refers to clients, the same obligations apply to your customers...
Topic: Disclosure Heritage Material Facts
December 28, 2016
When a deal falls through, understand how to handle written consent to release the deposit
By Joseph Richer
In a recent post on REM Online, Vito Campanale proposed an alternate way...Topic: Deposit
December 28, 2016
RECO unveils new courses on advertising compliance and residential condominiums
The Real Estate Council of Ontario (RECO) continues to expand the number of Mandatory Cont...
Topic: Advertising Condos Education
November 29, 2016
Reaching out to consumers with our Be Home Smart campaign
In our last issue of For the Record, we talked about the Be Home Smart Tour, which is trav...
Topic: Consumer outreach
November 29, 2016
Clients shouldn’t sign documents they can’t understand or even read – Preparing a ‘clarity copy’
Have you run into a situation where the Agreement of Purchase and Sale is unreadable? Prin...
Topic: Agreements
November 18, 2016
Application period for RECO’s Advisory Group now closed
The application period was open from October 31 – November 18, 2016 at 4:30 p.m. For inf...
Topic: Advisory Group
October 28, 2016
Watch RECO’s Fall 2016 Webinar
Watch RECO's webinar to learn about:
An important issue in Ontario's real estate mar...
Topic: webinar
October 19, 2016
Wells and septics shouldn’t leave a bitter taste in the mouths of new homeowners
For many Ontarians, a rural home or cottage provides an escape from the noise and the hust...
Topic:
October 19, 2016
Here’s what you need to know about the new MyWeb
Here’s what you need to know about the new MyWeb
The new MyWeb will roll out by the e...
Topic:
October 19, 2016
RECO reaches out to consumers who are feeling the heat
The hot real estate market around Ontario is putting more pressure on buyers, and the real...
Topic:
August 30, 2016
The Real Deal on Illegal Building
The following article is a guest column from Tarion.
When homebuyers and sellers need g...
Topic:
August 30, 2016
RECO Roadshow: Be Home Smart consumer campaign is hitting the road!
Buying or selling a home is one of the biggest transactions most people ever go through. T...
Topic:
July 28, 2016
RECO’s registrant survey results will guide improvements
Every two years, RECO conducts a survey to better understand how registrants feel about RE...
July 28, 2016
Are you complying with anti-money laundering laws?
This spring, an investigation by the Canadian Press found that according to government rec...
Topic: Money laundering Other reguations
July 19, 2016
In Memoriam: Allan Johnston
The staff and board of directors of RECO are mourning the loss of Allan Johnston...
Topic:
July 6, 2016
Preparing for disruption of postal services
In the event of a disruption of mail services, registrants should ensure they ta...
Topic: New at RECO
June 30, 2016
New MyWeb launching this fall – login ID is changing
A new version of MyWeb will launch this fall. New features include:
Access to more...
Topic:
June 28, 2016
Notice of Fee Changes and Consultation on Proposed New Fees
Notice of Fee Changes and Consultation on Proposed New Fees
The Real Estate Council of ...
Topic:
June 9, 2016
Updated: Competition Tribunal Ruling and Compliance with REBBA 2002
On April 27, 2016, the Competition Tribunal issued a ruling in favour of the Competition B...
Topic: Compliance
May 30, 2016
If I help my brother or a friend to buy or sell their house at no charge, am I still subject to REBBA 2002? Isn’t it just a private deal?
Brokers and salespeople are regulated, just like doctors and lawyers. You wouldn’t expec...
Topic: Compliance Disclosure For the RECOrd
May 30, 2016
The one-stop electrical safety resource for you and your clients
Guest column from the Electrical Safety Authority (ESA)
We know how important it is for y...Topic: Electrical systems For the RECOrd
May 30, 2016
What you need to know before you put up that “for sale” sign
Last August, Chris Swift was putting in a “for sale” yard sign as part of his sign ins...
Topic: For the RECOrd professionalism Safety
May 19, 2016
Competition Tribunal Ruling and Compliance with REBBA 2002
On April 27, 2016, the Competition Tribunal issued a ruling in favour of the Com...
Topic: Compliance
April 27, 2016
Four ways improved e-services will make your life easier
MyWeb and the MyRECO Certificate App are getting better, which means registrants can look ...
Topic: New at RECO
April 12, 2016
RECO’s Registrant Toolkit has resources your clients will love
Do you prepare info packages for new clients? Have you been meaning to add some helpful in...
Topic: New at RECO
March 24, 2016
RECO’s dispute resolution process: resolving complaints through increased communication and cooperation
While the events in this article are real, the names used are fictional.
When “Jane” ...Topic: Compliance professionalism
March 24, 2016
Three ways RECO is improving registrant communications
When we reached out last year, registrants told us they wanted RECO to produce communicati...
Topic: New at RECO
March 15, 2016
RECO issues RFP for new Registration Education Program
RECO has taken an important next step in its proposed vision for the future of registratio...
Topic:
March 1, 2016
What registrants need to know about “shadow-flipping” and their disclosure obligations with assignments
New Registrar’s Bulletins
RECO has published two new Registrar’s Bulletins to help ...
Topic:
February 26, 2016
Watch RECO’s February 2016 Webinar
Watch RECO's webinar to learn about:
Assignment flipping (aka "shadow flipping")
I...Topic: Advertising New at RECO webinar
January 7, 2016
New Registrar’s Bulletin on advertising compliance
In response to registrant feedback, RECO is making changes to further help registrants com...
Topic: Advertising New at RECO
November 25, 2015
Watch RECO’s Webinar: We asked, we heard you, and we’re taking action.
We asked, we heard you, and we’re taking action
This year, RECO engaged registrants acr...Topic: Advertising New at RECO webinar
November 10, 2015
RECO launches new guides for home buyers and sellers at different life stages
November is Financial Literacy Month in Canada. While homes are bought and sold all year ...
Topic: New at RECO
August 31, 2015
Message from the Chair: RECO is listening
By: Jody Lavoie, Chair, RECO Board of Directors
RECO is listening
When RECO talks to...
Topic: New at RECO
August 31, 2015
Most common complaints spotlight series: offer handling
A high proportion of complaints to RECO pertain to the handling of offers.
It’s impor...
Topic: Agreements Disclosure Offers
August 31, 2015
Say goodbye to renewal postcards
Year after year, more of the real estate business is conducted online, and today the best ...
Topic: New at RECO
August 31, 2015
Broker of Record Corner: Returning deposits in failed transactions: what you need to know about your responsibilities
Whether your brokerage is on the buying or selling side of the transaction, it’s always ...
Topic: Agreements Brokerage Deposit
August 12, 2015
Two key rule changes you need to know about
Two legislative changes took effect on July 1, 2015. As a result, electronic signatures ca...
Topic: Bill 55 Electronic signatures
August 4, 2015
Continuing education transition is over and engaging new content added to online program
In 2013, RECO introduced a new online Mandatory Continuing Education (MCE) program. After ...
Topic: Education
July 15, 2015
More information on Kitec plumbing
Recently, RECO released an article on material facts that mentioned how the issue relates ...
Topic: Plumbing
June 26, 2015
Cheating in online education leads to regulatory action
RECO’s online mandatory continuing education program has been a big success si...
Topic: Education professionalism
June 23, 2015
Drones – Did you know?
Using an aerial drone to take photos or videos can provide a unique perspective on a prope...
Topic: Drones
June 3, 2015
Kitec Plumbing and Material Facts
By Joseph Richer, Registrar
Recently, RECO has received inquiries about registrants' ob...
Topic: Disclosure Material Facts
April 24, 2015
Clear communication leads to success
Communicating frequently. Providing sound, accurate advice. Making commitments and keeping...
Topic: professionalism
April 17, 2015
The UFFI Warranty
Those new to the profession may well wonder: What is UFFI? Why is there a UFFI warranty in...
Topic: For the RECOrd Offers
April 14, 2015
Registrant feedback is essential to the future of education
The real estate sector is changing, and RECO’s education programs are changing to adapt....
Topic: Education
April 9, 2015
Understand new rules for handling offers
New rules for handling written offers come into effect on July 1, 2015.
Your brokerage ...
April 9, 2015
Do you want to advertise a property as “coming soon?”
Tempted to put a “coming soon” message on a yard sign or in an ad for a property you...
Topic: Advertising
April 6, 2015
RECO moving to electronic renewal reminders
Effective August 1, 2015, RECO will begin sending electronic registration renewal reminder...
Topic: Renewal
December 23, 2014
Six things you need to know about “sub-brokerages”
Some brokerages in Ontario have been creating so-called “sub-brokerages” that share r...
Topic: Brokerage Sub-brokerage
December 23, 2014
Professionalism videos
RECO has a series of videos that cover key professionalism topics for real estate profess...
Topic: professionalism
December 23, 2014
RECO welcomes Kate Murray as CEO
Like a homebuyer who’s found that perfect house, when Kate Murray heard about the CEO po...
Topic: New at RECO
