Claims by Transaction Type 2,331 247 12,148 Claims by Value of Transaction 1,726 2,838 2,659 4,535 2,968 Key statistical highlights include: • The majority of activity in the Program arises out of claims under the Errors and Omissions insurance coverage. • A total of 14,726 claims have been reported, of which 1,730 remain open. The program has therefore managed and closed a total of 12,996 claims on behalf of registrants to date. • Residential claims outnumber commercial claims by a margin of 5:1 (including vacant land and agricultural as commercial; otherwise the ratio is closer to 7:1). • Urban located claims outnumber rural located claims by a margin of 7:1. • The number of claims involving transactions that exceed $250,000 in value comprise approximately 64 per cent of all claims reported, versus 61 per cent in last year’s annual report. • There were 1,309 claims reported in the 12 months ended December 31, 2017, compared with 1,079 claims reported during the same 12-month period one year earlier. BY THE NUMBERS/RECO 2017 ANNUAL REPORT /31 Residential Commercial* Unknown and Other *includes Vacant Land (503) and Agricultural (103) $0–$150,000 $150,000–$250,000 $250,000–$500,000 $500,000–$1,000,000 $1,000,000 and up