by Courtney Zwicker | Oct 2, 2025 | News
Real Estate Council of Ontario (RECO) says the insurance program manager handling the iPro Realty Ltd. matter is working toward processing the “significant volume” of agent commission protection claims within months. An update released by RECO on Wednesday offers a...
by Courtney Zwicker | Sep 26, 2025 | Legal Issues, News
Rui Alves, whose now-defunct iPro Realty Ltd. is under investigation for a $10.5-millon trust account scandal, insists the missing money was used to keep the floundering brokerage afloat, not enrich him personally. “The suggestion that millions of dollars was...
by Brandon Reay | Sep 26, 2025 | Boards & Associations, Columnists
Everyone has covered iPro Realty Ltd. Missing millions, frozen trust accounts, lawsuits, and a regulator that failed to catch it in time. The headlines have been relentless. Recent public statements from association leadership have echoed this outrage, calling the...
by REM Editorial Team | Sep 25, 2025 | Legal Issues, News
The following is the text from the undertaking agreement signed on Aug. 8 by iPro Realty Ltd. principals Fedele Colucci and Rui Alves, and Joseph Richer, former Real Estate Council of Ontario registrar. The agreement is contained within RECO’s motion record...
by Cathy Polan | Sep 25, 2025 | Boards & Associations, News
Below is a letter written by Ontario Real Estate Association (OREA) president Cathy Polan, which was sent to the association’s membership and obtained by Real Estate Magazine. I’ve been a Realtor for over 16 years, and in that time, I have never seen...
