100 per Cent Payouts Approved for Claims Related to iPro Realty Scandal
About 2,400 former iPro agents will receive full commission payouts through RECO's insurance and government-backed funds after trust fund misappropriation caused $10.5 million shortfall.
10 Articles
10 Articles
Former iPro real estate agents now getting 100% commission payouts: regulator
The Real Estate Council of Ontario announced the move Wednesday after declaring in October 2025 that agents could expect 50 per cent of their unpaid commissions .
TRREB Commends RECO Administrator and Province on Honouring all Payments Related to iPro Realty Matter
TORONTO, Jan. 21, 2026 (GLOBE NEWSWIRE) -- The Toronto Regional Real Estate Board (TRREB) commends the Real Estate Council of Ontario (RECO) Administrator and Acting CEO, Jean Lepine, and the Government of Ontario for fully delivering on their commitment to…
TRREB Commends RECO Administrator and Province on Honouring all Payments Related to iPro Realty Matter – TRREB
The Toronto Regional Real Estate Board (TRREB) commends the Real Estate Council of Ontario (RECO) Administrator and Acting CEO, Jean Lepine, and the Government of Ontario for fully delivering on their commitment to pay 100 per cent of the eligible commissions owed related to the iPro Realty matter. The announcement follows RECO’s recent payment of approximately $5 million in consumer deposit claims under the Consumer Deposit insurance policy, en…
RECO guarantees 100% payment of eligible iPro commission claims
Real Estate Council of Ontario (RECO) says agents caught in the collapse of iPro Realty Ltd. will receive 100 per cent of their eligible unpaid commissions. The regulator released the news on Wednesday, after initial 50-per-cent pro-rated payments began flowing to claimants over the last month. Funds from RECO’s insurance program stability fund are being placed in a protected trust to address the shortfall that resulted from the misappropriation…
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