Real Estate Council of Ontario

Ministry

Public and Business Service Delivery and Procurement

URL

www.reco.on.ca

Address

SUITE 1400, WEST TOWER, 3300 BLOOR STREET WEST
TORONTO
M8X2X2

Phone

(416) 207-4800

Fax

(416) 207-4820

Background

Safety and Consumer Statutes Administration Act, 1996, S.O. 1996, c. 19, ss. 3-8 (opens a new window)

Trust in Real Estate Services Act, 2002, S.O. 2002, c. 30, Sched. C (opens a new window)

Function

The Real Estate Council of Ontario (RECO) is a not-for-profit corporation that administers designated provisions of the Trust in Real Estate Services Act, 2002, and its regulations with the purpose of protecting the public interest and ensuring a fair, safe and informed marketplace. The board of directors supervises the management of the business affairs of RECO.

Membership

RECO is governed by a 9 member Board of Directors. The Minister appoints three directors to the board.

Term

Ministerial appointed Directors are appointed at pleasure. It is within the Minister's discretion to determine the length and number of terms of an appointed Director.

Meetings

The board meets about eight times per year. Board members normally serve as members of at least two committees. The Board may appoint a day or days in any month or months for regular meetings of the Board at a place or hour to be named by the Board.If notice is given by mail, it shall be sent at least seven (7) days prior to the meeting, and if given by notice other than by mail, it shall be sent at forty-eight (48) hours written notice of such meeting is provided to each Director

Remuneration

Appointees are paid by the Board.

Appointments & Vacancies