RECO News

RECO elections
Voting for RECO directors will begin the week of April 7.  Members should watch for an email from “@cpucommunications.com” with the subject line “RECO Election of Directors – Online Voting” for their voter control number and a link to the virtual ballot centre.   Members who have trouble finding the email or logging in to vote should contact Shirley Tom at Computershare – 1.800.564.6253; be sure to mention you are a voter in the RECO election.

Candidates’ bios and videos will be available on www.reco.on.ca.

This just in!
Rebecca Ryder, Broker of Record of Royal LePage Burloak Real Estate Services, is seeking re-election as Region 2 Director on the RECO Board.  Rebecca is a past president of RAHB and is asking for RAHB members to support her in her bid for re-election.

 

RECO News

Message from RECO – commission options changed
Recent changes to REBBA 2002 provide additional flexibility in how brokerages charge for real estate services. Bill 55, the Stronger Protection for Ontario Consumers Act, 2013, has amended REBBA 2002. (more…)

RECO News

RECO Consumer Publication

RECOnnect is RECO’s newsletter for home buyers and sellers.  It is published two times per year and is their most important consumer publication.  While the publication is geared toward consumers, RECO encourages real estate professionals in Ontario to share it with their clients to help reinforce the value of their services.

While RAHB has a few printed copies available, RECO advises that the publication is also available online at RECO’s website (www.reco.on.ca ) and encourages you to print or share it electronically via blog posts, website links, social media and e-blasts.

RECO Updates

Region 2 Election

RAHB Broker member Mike Cusano (RE/MAX Escarpment Realty Inc.) is running for the position of Regional Director for Region 2 of RECO.

Mike has been a member of RAHB for 21 years and has devoted much of his professional life to organized real estate.  He has served on many RAHB committees and task forces as well as the Board of Directors and was President in 2007.  He has been a member of committees and task forces at OREA and served as a member of the REALTORS Care Finance Committee.  He also served as a regional director on the OREA Board of Directors.

Members should have received online voting instructions, including their unique control number, from RECO the week of April 9.  Online voting will close at 4:30 p.m. on Thursday, May 17, 2012 and results will be posted on RECO’s website on May 18.

For more information about the candidates or voting procedures, go to http://www.reco.on.ca/section-professional/tc-212/sc-395.html.

 

New RECO service

RECO recently launched their online transfers and terminations service.

As of April 30, 2012, brokers of record and branch managers can perform transfers and terminations for their employees on MyWeb with only a few clicks of a mouse. As long as all information entered is accurate and complete, immediate confirmation of the transfer or termination will be provided.

The enhancement of online services available on MyWeb is especially significant for registrants transferring brokerages. Under REBBA 2002, registrants cannot trade in real estate until their application for transfer is completed. By performing transfers online, registrants will be able to get back to trading immediately.

Additional information can be found in the Frequently Asked Questions document and Employee Transfer Worksheet, which can both be found on RECO’s website under the Registration section.

RECO Update

RECO will be launching a consumer focused website in March and will be moving the bulk of industry-focused information to MyWeb, the exclusive portal for those registered with RECO. RECO’s goal is to encourage more registrants to use MyWeb as an information source and to conduct online registration renewals and make insurance payments online, reducing paper and increasing efficiency.

Contact RECO for more information.