by REM Editorial Team | Nov 3, 2025 | Legal Issues, News
Paul Poliszot, 2021 (supplied) The Real Estate Council of Ontario (RECO) has issued an order to freeze the bank accounts of Oakville, Ont.-based Rexig Realty Investment Group. The regulator has also issued a proposal to revoke the registrations of both the...
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 Courtney Zwicker | Sep 23, 2025 | Legal Issues, News
Real Estate Council of Ontario (RECO) was successful in obtaining several court orders in a hearing Monday, which freeze the assets of iPro Realty’s Ltd.’s founders, and give Fedele Colucci and Rui Alves one day to tally up their anticipated living expenses and legal...
by Courtney Zwicker | Sep 22, 2025 | Legal Issues, News
A forensic investigation into the financial records of The iPro Realty Ltd. shows a complicated web of intermingled financials with the sprawling group of businesses owned by former brokerage principals Fedele Colucci and Rui Alves. New evidence filed by the Real...
by Courtney Zwicker | Aug 26, 2025 | Advice for Agents, Legal Issues, News
As pressure from the public and real estate community mounts on Real Estate Council of Ontario (RECO) to take action in the iPro Realty. Ltd. fiasco, the industry watchdog has frozen the defunct brokerage’s account and undertaken an independent audit. RECO’s board...
