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Regulatory updates could shun bad agents

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Real Estate Professional | 16 Apr 2015, 09:04 AM Agree 0
Agents are applauding RECO’s latest regulatory update – a move they hope will stop rule-breaking agents dead in their tracks.
  • Lesley Moll - Broker of Record - Karma Realty Inc. | 16 Apr 2015, 12:49 PM Agree 0
    I agree that fines should be imposed on agents who break the rules. RECO needs to improve the complaint process for consumers though. A client of mine reported a newspaper ad that did not include the proper information. A copy of the ad was scanned and emailed with the date and publication information. THere should have been no further informaiton required from the client, as the misleading ad was self-evident. RECO had a very onerous process that was required, so my client gave up. Fines are great, enforcement needs to be actually implemented br RECO without onerous impact on the reporting party.

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