90,000 Realtors Call for Toothless Reform in iPro Realty Scam

Ontario’s real estate ‘watchdog’ is under fire after the $10.5M I Pro Realty fraud. Now, 90,000 realtors are calling for “reforms” to RECO — but the changes on the table look more like window dressing than real consumer protection. #canadarealestate #torontorealestate #iprorealty Links: iPro scandal: Groups representing 90,000 realtors call on province to reform RECO: https://www.thestar.com/real-estate/ipro-scandal-groups-representing-90-000-realtors-call-on-province-to-reform-reco/article_6c67e2c2-db69-42df-b36e-7c673fe96bd6.html Statement from TRREB, Cornerstone, OREB, OnePoint, and CLAR on Ford Government Review of RECO: https://www.thestar.com/real-estate/ipro-scandal-groups-representing-90-000-realtors-call-on-province-to-reform-reco/article_6c67e2c2-db69-42df-b36e-7c673fe96bd6.html iPro co-founders took millions from trust but will not be charged, regulator confirms: https://www.thestar.com/business/ipro-co-founders-took-millions-from-trust-but-will-not-be-charged-regulator-confirms/article_24057071-778e-4c1e-9fa1-061b3ac109fb.html Ontario real estate regulator under fire after iPro founders spared charges: https://www.mpamag.com/ca/mortgage-industry/industry-trends/ontario-real-estate-regulator-under-fire-after-ipro-founders-spared-charges/547258 Discipline decisions: https://registrantsearch.reco.on.ca/DisciplineAppeals IPro Realty scandal: As RECO registrar ousted, critics call for bigger change at watchdog: https://www.thestar.com/real-estate/ipro-realty-scandal-as-reco-registrar-ousted-critics-call-for-bigger-change-at-watchdog/article_187db43d-2ced-4935-aa38-bc63a4b16443.html Real estate watchdog immediately freezing iPro Realty Ltd’s accounts amid audit: https://www.ctvnews.ca/toronto/article/real-estate-watchdog-immediately-freezing-ipro-realty-ltds-accounts-amid-audit/ Ford government threatens to take control of real estate watchdog as realtors call for answers: https://www.ctvnews.ca/toronto/article/ford-government-threatens-to-take-control-of-real-estate-watchdog-as-realtors-call-for-answers/ On the Block Realty: https://www.getontheblock.com/team Board of Directors: https://www.reco.on.ca/about/governance/board-of-directors Board of Directors: https://trreb.ca/board-of-directors/ IPro Realty scandal: Ford government prepared to ‘assume control’ of real estate watchdog if not satisfied with audit: https://www.thestar.com/business/ipro-realty-scandal-ford-government-prepared-to-assume-control-of-real-estate-watchdog-if-not/article_74ce77fa-916e-4492-b5e4-2d5d2007c87e.html Extending the mandate of the Ontario Ombudsman: https://www.opsba.org/wp-content/uploads/2021/02/BackgroundPaper_Ombudsman_PublicPolicyForum.pdf B.C. real estate industry stripped of self-regulation in wake of damning report: https://www.westerninvestor.com/british-columbia/bc-real-estate-industry-stripped-of-self-regulation-in-wake-of-damning-report-3829300 Real Estate Services Rules: https://www.bcfsa.ca/about-us/legislation/real-estate-services-rules Discipline Procedures: https://www.bcfsa.ca/public-protection/report-concern/report-real-estate-concern/discipline-procedures#what-to-expect-during-a-formal-discipline-hearing Discipline decisions: https://registrantsearch.reco.on.ca/DisciplineAppeals?_gl=1*1d9o78j*_gcl_au*Mzg3NjAwNzguMTc1NjQ2NTY5Ng Real Estate Decisions: https://www.bcfsa.ca/public-protection/decisions/real-estate-decisions?search=&page=0#search-results Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice.