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$10.5M Missing: Inside Ontario Real Estate’s Biggest Wake-Up Call

$10.5M Missing: Inside Ontario Real Estate’s Biggest Wake-Up Call

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$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

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Website: https://www.tplmedia.ca/

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