How does RECO protect consumers in real estate transactions?

RECO (Real Estate Council of Ontario) protects consumers in real estate transactions by publishing consumer guides and resources. This helps educate buyers and sellers about their rights and responsibilities, as well as provide guidance on how to navigate the real estate process. By equipping consumers with information, RECO empowers them to make informed decisions and reduce the risk of exploitation or misinformation in real estate transactions.

Option A is incorrect because RECO does not provide direct legal representation to buyers and sellers. Real estate transactions often involve parties seeking independent legal advice if they require legal representation.

Option B is incorrect because RECO does not set minimum commission rates. Commission rates are typically negotiable between the real estate agent and their client.

Option D is incorrect because while RECO regulates advertising standards, it cannot ensure that all real estate advertisements are accurate. It is the responsibility of individual real estate professionals to ensure that their marketing materials are truthful and comply with RECO regulations.