Insurance = Good Business Sense, Plus…
…it’s mandatory. Yet, salespersons, brokers, and brokerages continue to have their registration revoked by the Real Estate Council of Ontario (RECO) for non-payment of insurance. For example, in 2010-2011, RECO issued 26 proposals to revoke registration due to non-payment of insurance. Participation in RECO’s insurance program is mandatory, and coverage must be renewed annually. … Continued