Realtors Demand Bailout
Real estate agents are calling for a government bailout after millions in unpaid commissions were frozen by RECO in November. As protests return to Queen’s Park, the situation raises an uncomfortable question: when a private brokerage fails, who should bear the cost — the industry, the regulator, or taxpayers. #canadianrealestate #iprorealty #ontariorealestate Links: Demonstrators want 100% of what they are owed in iPro Realty scandal: https://www.youtube.com/watch?v=A7NQgc9XOpo Realtors rally at Queen's Park demanding full commission payments after iPro Realty scandal: https://www.youtube.com/watch?v=W9ZP-URAWV0 ‘RECO must be held financially accountable’: Ontario realtor organizes third Queen’s Park protest amid iPro scandal: https://www.insidehalton.com/news/ipro-reco-realtor-protest-mississauga/article_964ee1f5-9e56-5e15-975e-0aa4a52f8eda.html RECO’s board acts to protect homebuyers and sellers; launches immediate independent and comprehensive audit into iPro matter: https://www.reco.on.ca/news/reco%E2%80%99s-board-acts-to-protect-homebuyers-and-sellers;-launches-immediate-independent-and-comprehensiv Realtors owed commission payments after iPro collapse could see half this week, regulator says: https://www.theglobeandmail.com/business/article-realtors-owed-commission-payments-ipro-collapse/ Realtors rally at Queen’s Park to demand full commission payments after iPro Realty scandal: https://toronto.citynews.ca/2026/01/06/realtors-rally-at-queens-park-to-demand-full-commission-payments-after-ipro-realty-scandal/ A Timeline Of Events In The Ongoing $10M iPro Realty-RECO Scandal: https://storeys.com/timeline-ipro-realty-reco-scandal/ UPDATE: Ontario government to take control of RECO: https://realestatemagazine.ca/breaking-ontario-government-to-take-control-of-reco/ RECO board ousted; What happens to the CEO, and who is the new administrator?: https://realestatemagazine.ca/reco-board-ousted-what-happens-to-the-ceo-and-who-is-the-new-administrator/ ‘It’s devastating’: Agents mobilize amid financial and emotional fallout from unpaid iPro commissions: https://realestatemagazine.ca/its-devastating-agents-mobilize-amid-financial-and-emotional-fallout-from-unpaid-ipro-commissions/ Agents expected to recover 50% of lost commissions after iPro scandal: https://realestatemagazine.ca/agents-expected-to-recover-50-of-lost-commissions-after-ipro-scandal/ Majority of Ontarians Agree: Government Should Not Tell You How You Must Sell Your Home: https://www.globenewswire.com/news-release/2022/05/25/2450187/0/en/Majority-of-Ontarians-Agree-Government-Should-Not-Tell-You-How-You-Must-Sell-Your-Home.html What an end to non-transparent bidding for real estate could look like: https://www.cbc.ca/news/business/blind-bidding-real-estate-1.6191259 Realtor doesn’t want us to submit offer?: https://www.reddit.com/r/RealEstateCanada/comments/1mkebbp/deleted_by_user/ How Do You Win a Bidding War?: https://blog.remax.ca/bidding-war-101-top-bid-might-not-win/ Canadian Real Estate and the Blind Bidding Debate: https://blog.remax.ca/the-blind-bidding-debate-in-canadian-real-estate/ Real Estate Industry Speaks Out Against Liberals' Plan to End Blind Bidding: https://storeys.com/real-estate-industry-liberals-end-blind-bidding/ Statement from TRREB, Cornerstone, OREB, OnePoint, and CLAR on Ford Government Review of RECO: https://trreb.ca/statement-from-trreb-cornerstone-oreb-onepoint-and-clar-on-ford-government-review-of-reco/ 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.
