What is the primary objective of RECO in Ontario?

The primary objective of the Real Estate Council of Ontario (RECO) is to regulate real estate practices within the province. This includes overseeing and enforcing adherence to the Real Estate and Business Brokers Act, which governs the conduct of real estate professionals. By ensuring that realtors and brokerages comply with legal standards and ethical practices, RECO works to protect consumers and maintain integrity in the real estate market.

Regulation involves licensing real estate professionals, providing educational resources, and investigating complaints against licensees. This regulatory framework is essential for establishing trust in real estate transactions and ensuring that all participants in the market operate within the law.

Promoting property management, increasing housing supply, or offering financial services are not central functions of RECO. While related to the broader real estate industry, these activities fall outside the core regulatory mandate that focuses on maintaining professional standards and consumer protection.