In force 1 April 2023 ONTARIO REGULATION 365/22 made under the REAL ESTATE AND BUSINESS BROKERS ACT, 2002 Made: April 11, 2022Filed: April 19, 2022Published on e-Laws: April 20, 2022Printed …
Auditor General and 801’s
The Auditor General reported as follows: 4.6.3 RECO’s Ability to Review Written Offers to Check Allegations of Fictitious Offers on a Property Is Limited “We found that although RECO has …
Multiple Offers: Auditor’s Report and Responses
This is from the Auditor General’s Report: RECOMMENDATION 14 “To increase transparency and enhance consumer protection in real estate transactions involving offers from multiple prospective buyers, we recommend that the …
Auditor General and Multiple Offers
4.6.2 Lack of Transparency in Real Estate Transactions Involving Multiple Offers Puts Prospective Buyers at Financial Risk This is from the Report of the Auditor General on RECO: “Under the …
Auditor General’s Report: Multiple Representation
Comments: Multiple Representation It seems clear that the Auditor General doesn’t like multiple representation: Rather than take the law as it is, and focus on RECO’s own responsibility, this broad …
Auditor General Report: Recommendations and Responses (Multiple Representation)
This is an extract of the Auditor General’s report dealing with multiple representation: RECOMMENDATION 13 To ensure that brokerages protect the best interests of the property buyers or sellers they …
Auditor General’s Report: Multiple Representation
4.6 Consumer Protection 4.6.1 Salespersons and Brokers Are Permitted to Represent Both a Buyer and a Seller in a Single Real Estate Transaction This is an extract of the Auditor …