In Ontario, its imperative that all real estate agents in the business of trading properties must be registered through the Real Estate Council of Ontario (RECO). This enforces that RECO registered agents are providing the 3 pillars of protection to their clients:
1. Completed education courses. 2. Required to uphold professional standards of conduct and ethics. 3. Must have deposit insurance.
Article Summary:
• A RECO certificate provides proof of a real-estate professional’s registration and ensures that the person you have hired to help you buy or sell a home is indeed legally permitted to trade in real estate in Ontario.
• RECO regulates and enforces the laws in the real-estate sector in Ontario, so that means when you work with a real-estate professional, you are provided with three pillars of protection.
• Agents are required to maintain errors omissions insurance to pay claims for damages and legal costs that arise from errors, omissions and negligent acts that a rep may make while trading in real estate. To confirm the registration of your real-estate representative, visit our website and click on the Real Estate Professional Search bar.
My salesperson took me to see a condo, but we were denied entry because he didn’t have his RECO certificate. What is that? In Ontario, individuals who are in the business of trading in real estate must be registered through the Real Estate Council of Ontario (RECO). A RECO certificate provides proof of a real-estate professional’s registration and ensures that the person you have hired to help you buy or sell a home is indeed legally permitted to trade in real estate in Ontario. The certificate identifies the person’s complete legal name, their designation as salesperson or broker, their registration...
In Ontario, its imperative that all real estate agents in the business of trading properties must be registered through the Real Estate Council of Ontario (RECO). This enforces that RECO registered agents are providing the 3 pillars of protection to their clients:
1. Completed education courses. 2. Required to uphold professional standards of conduct and ethics. 3. Must have deposit insurance.
Article Summary:
• A RECO certificate provides proof of a real-estate professional’s registration and ensures that the person you have hired to help you buy or sell a home is indeed legally permitted to trade in real estate in Ontario.
• RECO regulates and enforces the laws in the real-estate sector in Ontario, so that means when you work with a real-estate professional, you are provided with three pillars of protection.
• Agents are required to maintain errors omissions insurance to pay claims for damages and legal costs that arise from errors, omissions and negligent acts that a rep may make while trading in real estate. To confirm the registration of your real-estate representative, visit our website and click on the Real Estate Professional Search bar.