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The province created the Real Estate Council of Ontario (RECO) to administer and enforce the Real Estate and Business Brokers Act and regulate real estate brokerages, brokers and salespersons. The audit found that the activities the Real Estate Council of Ontario (RECO) performs to ensure salespersons, brokers, and brokerages comply with the act and its regulations are not always effective and timely.

Continue to read on: REAL ESTATE MAGAZINE