$10.5 million vanished—and Ontario’s real estate industry is in crisis. In this must-watch episode, real estate lawyer Mark Morris (LegalClosing.ca) joins host Paul Micucci to break down the iPro/RECO financial meltdown and why it may be the biggest test of self-regulation the industry has faced in years.
From trust account failures and forensic audits to the looming fallout over unpaid pre-construction commissions, we go beyond the headlines to understand how this happened, who’s at risk, and what real accountability could look like.
In this episode:
• What happened to the $10.5M in missing iPro trust & commission funds
• The legal implications of the RECO investigation and insurance caps
• How deferred commissions on new builds may trigger future disputes
• What agents, buyers, and sellers need to know right now
• Why systemic reform may be the only way forward
Subscribe for more conversations like this.
Subscribe: https://www.youtube.com/@TPL_media
Website: https://www.tplmedia.ca/
Canada’s federal finances are facing a staggering reality: $521 billion in spending, a $61 billion deficit, and a national debt soaring to $1.2 trillion....
Are these five budget “pillars” going to lift Canada’s GDP—or just move numbers around? Mike Wixson and Paul Micucci unpack the 2025 federal budget’s...
Canada is on a dangerous financial path — and few are sounding the alarm like Franco Terzano. With exploding debt, massive deficits, and rising...
