What are the benefits of working with a registered salesperson?

Education, Knowledge and Experience

All brokers and salespersons are required to complete educational courses prior to becoming registered and are also required to take continuing education courses. In addition, many brokers and salespersons pursue ongoing professional development opportunities, obtain membership in professional associations and attend industry events on a regular basis. While consumers buy and sell real estate infrequently, most brokers and salespersons are engaged in these activities on a daily basis.

Consumer Deposit Insurance

All brokers and salespersons are required to be insured. The insurance program administered by RECO includes consumer deposit insurance – paid for by brokers and salespersons. In the event of fraud, misappropriation of funds or insolvency there is coverage available to consumers of up to $100,000 per claim to a maximum of $500,000 per occurrence. If the deposit is being held by your lawyer, you should contact the Law Society of Upper Canada to determine what insurance protection may be available.

Complaints & Enforcement

All real estate brokers and salespersons are required to comply with the Real Estate and Business Brokers Act, 2002 and associated regulations, including the Code of Ethics. RECO addresses inquiries, concerns and complaints about the conduct of brokers and salespersons and takes appropriate action to protect the public interest.

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Can commissions be an agreed upon amount?

UPDATE: Previously, real estate brokerages could charge consumers a flat fee or a percentage of the sale price, but not a combination of the two. The restriction has been removed, so brokerages now have the option to make fee arrangements that could include a blend of a flat fee and a percentage of the sale price.

These changes, brought in by the Stronger Protection for Ontario Consumers Act, 2013, are effective as of
December 12, 2013.

Click here to see PUBLIC ADVISORY notice of December 13, 2013


Commission, or other remuneration, must be either:

  • An agreed amount or,

  • A percentage of the sale price

Commission or other remuneration cannot be a combination of an agreed amount and percentage.

Read moreCan commissions be an agreed upon amount?

Are Commissions Negotiable?

Commissions are not fixed nor approved by the Real Estate Council of Ontario, government authorities, real estate associations or real estate boards. It is the brokerage that determines the commission rate it wishes to charge a consumer.

Typically, the commission will be based on the services provided by the brokerage and its employees. Keep in mind that the cheapest deal, as with most things, is not necessarily the best deal. Make sure you understand the details of any agreement before you sign.

While you may be working directly with a broker or salesperson, commissions are payable to the brokerage. If you are asked by an individual to make a direct payment, contact the brokerage immediately.

<Click Here> to download RECCO’s Consumer Publication on this topic

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Home sales remain at low levels in September

Home sales recorded through the MLS® System of the Kingston & Area Real Estate Association came in below year-ago levels in September 2012.

Residential sales numbered 219 units in September, a decrease of 20 per cent from the same month last year. Sales of all types of properties numbered 247 units in September 2012, down 17 per cent on a year-over-year basis.


“There’s no doubt that demand has geared down a bit in the wake of new mortgage rules, but it’s important to recognize that this September suffered from what’s known as a trading day effect, with just 20 weekdays compared to 22 last September, so we have to consider the size of the year-over-year decline in that context,” said Al Sytsma, President of the Kingston & Area Real Estate Association.

Read moreHome sales remain at low levels in September

Understanding your credit report

Most people either don’t pay attention to what their credit score is doing or don’t realise that they have the ability to keep track of it.

Why is this important?  When you are about to make the biggest purchase of your life… a home… most people require financial help from their bank.  This is when your credit score hits you in the face!  All your financial nightmares or mishaps will catch up to you and it can soon reduce the excitement of your first home purchase to tears.

Read moreUnderstanding your credit report

Are you pre-approved?

I speak to many people who are out looking for their 1st home, maybe even moving up to something bigger, and think they have a very good idea of what they can afford. This couldn’t be furthest from reality. To save yourself from the disappointment of finding out that you have been denied financing at the point of making an offer on a home, take one step back and head to a mortgage professional! The banks and CMHC are tightening up the rules once again! It is critical to determine what you can afford prior to making the offer.

Read moreAre you pre-approved?

Quick Tips When Hiring a Mover!

The house is sold and you are ready to move on.  The excitement of the sale has quickly worn off.  The stress is starting to overtake the excitement of what was suppose to be another wonderful chapter of your lives.  Picking the right mover is key to a successful move.  Don’t take this part lightly.  Here are quick tips and resources to make you life a little easier.

Read moreQuick Tips When Hiring a Mover!

Tarion Makes Revision To Its “Ontario New Home Warranty Program”



Effective July 1st, 2012 new home enrolment fees have dropped by $150.   This is good news for you,  if you are about to purchase a new home from a builder in which the Tarion enrolment fees are extra.

Also, there has been a significant reconstruction of the Seven Year Warranty framework:

Read moreTarion Makes Revision To Its “Ontario New Home Warranty Program”

Title Insurance

Title insurance is a unique form of insurance. It protects your ownership or title against losses incurred as a result of undetected or unknown title defects, for as long as you own your home. Even if you are the rightful owner of a home, there are instances such as real estate fraud, when your title can come into question. Title insurance continues to protect your ownership from the day of closing to the day you sell your home. Coverage is also extended to heirs who receive your home in the event of your death.

Read moreTitle Insurance

Making Renovations Before You Sell

So you are thinking about selling your home but its not yet ready.  Well here are a few tips to help you get focused.

The greatest error many people make is to make extensive renovations without regard to return on investment.  A dollar spent on renovations does not necessarily equate to a dollar added to the value of your home.  Carefully determine what will bring the most “bang for your buck”.  According to the Appraisal Institute of Canada “spa” style shower systems are a very popular upgrade which only brings a return of approx. 36%.

Read moreMaking Renovations Before You Sell