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 James R.G. Cook | Oct 10, 2025 | Legal Issues, News
QUICK HITS Buyer refused $1.8-million farm purchase, alleging unlicensed gas wells breached environmental warranty in APS. The court ruled the warranty covered environmental matters, not gas wells; seller was entitled to $250,000 deposit plus damages. Real estate...
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...
