"The Ford government announced Friday it has appointed an administrator to take control of the Real Estate Council of Ontario (RECO), following an independent audit into the real estate regulator's handling of what it describes as iPro Realty's "misappropriation" of funds."
"I directed that an administrator assume control of RECO immediately to restore confidence in the organization, to work with the insurer, and to support those financially impacted. Over the past 3 months, I've heard from consumers, boards, realtors & brokers who've lost confidence in Ontario's real estate regulator. Our government is taking action to restore trust and to protect Ontarians. Today, I directed that an administrator assume control of RECO pic.twitter.com/gkK1hNG5Tt—stcrawford2"
"Jean Lepine has been appointed as the administrator set to take over RECO at the beginning of December. Lepine's biography on the province's website says he is a seasoned communications, government relations, investor relations and sustainable executive leading teams in various industries from healthcare to legal cannabis."
An administrator has been appointed to take control of the Real Estate Council of Ontario (RECO) following an independent audit into RECO's handling of what it describes as iPro Realty's misappropriation of funds. Ontario Minister Stephen Crawford gave RECO two weeks to respond to concerns about its practices, processes and procedures and said decisive action was needed to prevent serious harm to the public and consumers. Jean Lepine will assume control beginning Dec. 1 and brings experience in communications, government relations and investor relations. The administrator will work with the insurer and support those financially impacted while restoring public confidence.
#real-estate-council-of-ontario #ipro-realty-misappropriation #administrator-appointment #consumer-protection
Read at www.cbc.ca
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