The Real Estate Council of Ontario (RECO) regulates real estate professionals in the province on behalf of the Ontario government. We protect the public interest through a fair, safe and informed marketplace.
Real Estate Council of Ontario (RECO) holds registered brokers and salespersons to professional standards, protects the public interest, and enhances consumer confidence in the real estate profession. In addition, RECO strives to educate consumers to ensure they understand the benefits of a regulated real estate sector.
Real Estate Council of Ontario (RECO) is a not-for-profit corporation that is delegated by the provincial government to administer and enforce the Real Estate and Business Brokers Act, 2002 (REBBA 2002) and associated regulations.
Real Estate Council of Ontario (RECO) was established in 1997 as a delegated administrative authority (DAA) under the Safety and Consumer Statutes Administration Act. This was the result of a mutual desire of the government and the real estate industry to enhance professionalism, increase consumer protection and provide an effective and responsive regulatory framework.
The Ministry of Government and Consumer Services continues to be responsible for REBBA 2002 and associated regulations, as well as general oversight of RECO.
A real estate marketplace in Ontario where buyers and sellers are well-informed and protected, and where transactions are conducted fairly.
Supporting a fair, safe and informed real estate market for consumers in Ontario through effective and innovative regulation of the services offered by those who trade in real estate.
Interpret, enforce, and suggest modification to regulation.
RECO has an exclusive contract with the government to administer the Act and must perform in a fashion consistent with the government’s expectations and the terms of the Administrative Agreement.
The Real Estate Council of Ontario is dedicated to organizational behaviour characterized by the following values, which will be refreshed as part of RECO’s 2019-2023 Strategic Plan:
Act impartially and equitably
Administer the Real Estate and Business Brokers Act, 2002competently in accordance with the law
Be truthful and trustworthy
Treat all with courtesy