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$10.5M Missing: Inside Ontario Real Estate’s Biggest Wake-Up Call

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Manage episode 510454692 series 3692005
Content provided by True Patriot Love. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by True Patriot Love or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

$10.5 million vanished—and Ontario’s real estate industry is in crisis. In this must-watch episode, real estate lawyer Mark Morris (LegalClosing.ca) joins host Paul Micucci to break down the iPro/RECO financial meltdown and why it may be the biggest test of self-regulation the industry has faced in years.

From trust account failures and forensic audits to the looming fallout over unpaid pre-construction commissions, we go beyond the headlines to understand how this happened, who’s at risk, and what real accountability could look like.

In this episode:

• What happened to the $10.5M in missing iPro trust & commission funds

• The legal implications of the RECO investigation and insurance caps

• How deferred commissions on new builds may trigger future disputes

• What agents, buyers, and sellers need to know right now

• Why systemic reform may be the only way forward

Subscribe for more conversations like this.

Subscribe: https://www.youtube.com/@TPL_media

Website: https://www.tplmedia.ca/

  continue reading

12 episodes

Artwork
iconShare
 
Manage episode 510454692 series 3692005
Content provided by True Patriot Love. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by True Patriot Love or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

$10.5 million vanished—and Ontario’s real estate industry is in crisis. In this must-watch episode, real estate lawyer Mark Morris (LegalClosing.ca) joins host Paul Micucci to break down the iPro/RECO financial meltdown and why it may be the biggest test of self-regulation the industry has faced in years.

From trust account failures and forensic audits to the looming fallout over unpaid pre-construction commissions, we go beyond the headlines to understand how this happened, who’s at risk, and what real accountability could look like.

In this episode:

• What happened to the $10.5M in missing iPro trust & commission funds

• The legal implications of the RECO investigation and insurance caps

• How deferred commissions on new builds may trigger future disputes

• What agents, buyers, and sellers need to know right now

• Why systemic reform may be the only way forward

Subscribe for more conversations like this.

Subscribe: https://www.youtube.com/@TPL_media

Website: https://www.tplmedia.ca/

  continue reading

12 episodes

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