The Real Estate Council of Ontario regulates real estate professionals in the province on behalf of the Ontario government by implementing theReal Estate and Business Brokers Act, 2002 and its Code of Ethics. RECO holds registered salespeople, brokers and brokerages to professional standards, protects the public interest, and enhances shopper confidence in the true estate occupation. RECO also strives to educate consumers to make sure they understand the benefits of a regulated real estate sector. The National Association of REALTORS® offers month-to-month reviews on the number of properties resold and their average value. It’s a better indicator of the well being of the overall housing business than new home construction because new house builders may be over-enthusiastic about future sales.
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