What is the role of the Real Estate Council of Ontario (RECO)?

The Real Estate Council of Ontario (RECO) is primarily tasked with administering the Real Estate and Business Brokers Act (TRESA) on behalf of the provincial government. This involves enforcing regulations, ensuring compliance with the law, and protecting the public by overseeing real estate professionals. RECO plays a crucial role in maintaining standards within the real estate industry, including licensing, education, and discipline of real estate professionals. By doing so, it helps foster trust and integrity in the marketplace.

Other options, while they may seem related to the functions of RECO, do not accurately represent its specific role. Facilitating real estate transactions is a function of real estate agents and brokers rather than RECO itself. Providing legal advice is outside RECO's mandate, as it does not serve as a legal advisor for real estate professionals. Additionally, acting as a marketplace for real estate is not within RECO's scope; rather, it functions as an regulatory body, ensuring the professionals involved in the real estate market operate within the framework of the law.