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Ontario real estate agents protest after iPro Realty collapse, demanding full repayment of $50K in commissions owed.
Realtor Maria Florez is leading a third protest at Queen’s Park, demanding full repayment of $50,000 in earned commissions owed after iPro Realty collapsed amid a $10 million trust fund shortfall.
Over 100 agents say the Real Estate Council of Ontario (RECO) failed to act despite knowing of missing funds as early as May 2023, allowing the brokerage to continue operating.
Though an insurer is paying 50% of claims, agents reject the settlement, calling it a systemic regulatory failure.
They demand full, immediate payment and financial accountability from RECO, which says it is pursuing legal recovery and restructuring.
An audit found RECO’s registrar deviated from procedures.
The next protest is set for February 2.
Los agentes inmobiliarios de Ontario protestan después del colapso de iPro Realty, exigiendo el reembolso total de $ 50K en comisiones adeudadas.