RECO Information Guide & Information & Disclosure For SRPs

RECO Information Guide

RECO Information Guide

The Real Estate Council of Ontario (RECO) requires that all buyers and sellers be informed about their rights and responsibilities when engaging in a real estate transaction. The RECO Information Guide is an essential resource that provides this information, helping you understand the role of your Realtor, the process of buying or selling a property, and how you are protected by Ontario’s real estate laws.

What Is RECO?

RECO is the regulatory body that oversees real estate professionals in Ontario. They ensure that Realtors act ethically, follow the law, and protect the public's interest. Every licensed Realtor in Ontario must follow RECO’s rules and guidelines.

What Does the RECO Information Guide Cover?

The RECO Information Guide provides critical information, including:

Why Is the RECO Information Guide Important?

The guide ensures that all parties in a real estate transaction are fully informed about their rights and the process. Realtors are required to present this guide to you at the start of your working relationship so you can feel confident that you’re being represented fairly and transparently.

RECO Information Guide

Click here to access the Residential version of the RECO Information Guide. 

Click here to access the Commercial version of the RECO Information Guide.

Residential Version

Commercial Version

Self Represented Party (SRP)

Self-Represented Parties

In real estate transactions, both buyers and sellers have the option to work with a Realtor or represent themselves. While it’s possible to handle a transaction without professional representation, there are significant risks involved when acting as a self-represented party.

What Does It Mean to Be Self-Represented?

A self-represented party handles all aspects of the real estate transaction on their own without the assistance of a licensed Realtor. This includes everything from negotiating the price, reviewing contracts, understanding legal documents, and ensuring compliance with Ontario’s real estate laws.

Risks of Being Self-Represented

While some may choose to represent themselves to avoid paying a Realtor’s commission, the risks often outweigh the potential savings:

Benefits of Working with a Realtor

While it’s possible to represent yourself in a real estate transaction, it’s highly recommended to work with a professional to avoid unnecessary risks and complications. A Realtor’s expertise, experience, and guidance ensure that the process goes smoothly and that your interests are protected.

Information & Disclosure To Self-Represented Party Information Form

Click here to access the Information & Disclosure to Self-Represented Party document. 

Let's Review These Documents Together!

Click the button below or give Nick a call to schedule a time to thoroughly review the RECO Information Guide and go over our agency contracts, including the Buyer Representation Agreement, Listing Agreement, or any relevant Designated Representation Agreements.