What does the acronym RECO stand for in the context of Ontario real estate?

The acronym RECO stands for the Real Estate Council of Ontario. This organization is responsible for regulating the real estate profession within the province, ensuring that standards are upheld for real estate agents and brokers. RECO's mandate includes licensing, enforcing professional conduct, and protecting the interests of consumers in real estate transactions. By providing oversight, RECO helps maintain ethical practices and fosters professionalism in the industry. Understanding the role of RECO is essential for anyone involved in Ontario’s real estate market, whether as a professional or a consumer.