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What is RECO?

The Real Estate Council of Ontario (RECO) is responsible for administering the Real Estate and Business Brokers Act, 2002 (REBBA 2002) and associated regulations on behalf of the Ontario Ministry of Government Services. RECO regulates the activity of trade in real estate in the public interest for the province of Ontario

In order to trade in real estate in the province of Ontario you must be registered, or exempt from registration, under REBBA 2002. Currently, there are more than 3,800 registered real estate brokerages and more than 44,000 registered real estate brokers and salespersons in Ontario.

Only those brokerages, brokers and salespersons that have met the requirements for registration and hold a valid certificate of registration issued by RECO may trade in real estate in Ontario and hold themselves out as a “real estate brokerage”, “real estate broker” or “real estate salesperson”.

February 27, 2007 in Real Estate Regulations | Permalink

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