Ontario regulator shuts down iPro Realty after finding $10-million shortfall in trust accounts

Ontario regulator shuts down iPro Realty after finding $10-million shortfall in trust accounts

Company will remain in operation until Aug. 19 but owners entered into agreement to wind up brokerage at that time

Toronto-area real estate brokerage shuttered due to financial mismanagement, affecting 2,400 agents

Ontario’s regulator said it identified ‘a significant shortfall’ in the accounts of iPro Realty Ltd., which employs 2,400 agents.

iPro Realty closing after 'serious breach' of responsibilities

Regulator says 'significant shortfall was identified in iPro's accounts'; decision has implications on Bradford branch

CLOSURE: Real estate brokerage shuts down in Ontario impacting 2,400 agents

A Mississauga-based real estate agency is shutting down operations in southern Ontario due to financial mismanagement

iPro Realty Ltd.’s 17 branches to close following RECO investigation

Real Estate Council of Ontario (RECO) has announced that Mississauga-based iPro Realty Ltd., one of the province’s largest brokerages, will permanently close all 17 of its locations effective Aug. 19.  The closure follows the discovery of a “significant shortfall” in the company’s accounts during a scheduled inspection. RECO says it has finalized an undertaking with iPro to wind down operations. The agreement allows for the completion of current…