Realtors question Ontario regulator’s handling of iPro collapse

Ontario realtors are demanding answers for the handling of the collapse of iPro Realty Ltd. even as the Real Estate Council of Ontario (RECO) takes dramatic steps to respond to the widening scandal.

“They are under so much pressure now,” said Steve Tabrizi, a broker/owner and chief operating officer for the Re/Max Hallmark Group of Companies. “I think RECO right now, it’s never seen in its entire history the real estate community and brokerages like us become so vocal on social media, literally pointing at them.”