2/ RECO 2017 ANNUAL REPORT Purpose, Mission & Values Corporate Profile The Real Estate Council of Ontario (RECO) was established in 1997 and is responsible for regulating Ontario’s real estate brokerages, brokers and salespersons in the public interest. CORE PURPOSE To foster confidence and uphold integrity in real estate transactions. MISSION Excellence in the delivery of regulatory services that protect the public interest and enhance consumer confidence in the real estate profession. VISION Public trust and confidence in Ontario’s real estate profession. RESPONSIBILITY Interpret, enforce and suggest modifications to regulations. RELATIONSHIP RECO has an exclusive contract with the Government of Ontario to administer the Real Estate and Business Brokers Act, 2002 (REBBA) and must perform in a manner consistent with the government’s expectations and the terms of the Administrative Agreement. CORE VALUES RECO is dedicated to organizational behaviour characterized by: Fairness: Act impartially and equitably Accountability: Administer REBBA competently in accordance with the law Integrity: Be truthful and trustworthy Respect: Treat all with courtesy