RECO’s Role

It seems curious that RECO feels that it must provide direct real estate advice to consumers, thereby “competing” with its own membership.

Three other regulators, namely the Law Society of Upper Canada, the Chartered Professional Accountants of Ontario and the College of Physicians and Surgeons, all with the same mandate, protect the public, regulate the profession, educate the profession and discipline the profession do just that.

They recognize that their membership is composed of professionals who do provide “advice” to consumers. They don’t enter into the “advice” business, they leave that to the professionals whom they regulate.

Yet RECO continues to issue Bulletins, and provide “guidance” to consumers. This would seem to undermine the confidence that they have in their own “registrants. But, that’s the way it is.

Brian Madigan LL.B., Broker

www.OntarioRealEstateSource.com

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