Inspector

The Real Estate Council of Ontario (RECO) is seeking two (2) Inspectors. We have two permanent positions available to start immediately.

About RECO

As Ontario’s regulator of more than 110,000 real estate agents and brokerages (often referred to as registrants), RECO administers and enforces the law that regulates trading in real estate in Ontario and enhances consumer confidence in the real estate services sector. RECO’s commitment to pursuing trust in every transaction means consumers can navigate the real estate market with confidence, knowing that the regulator is committed to fairness, transparency and reliability for all parties involved. A modern regulator with over 160 employees, RECO is a collegial and dynamic environment where quality work-life balance is valued along with strategic agility, curiosity and empathy in our action. RECO regulates approximately 100,000 registrants in the real estate sector.

Hybrid work environment

RECO has adopted a ‘hybrid’ environment, which will typically include a minimum attendance in the office of one day per week, with some teams/positions requiring more frequent in-office attendance. 

RECO’s commitment to diversity and inclusion: They aren’t just words to us!

RECO is committed to promoting an equitable, diverse, and inclusive environment that includes awareness, education, and engagement-building opportunities for all employees.

The role

Under the direction of the Manager, Audit & Inspection conduct timely, regular, and special inspections of business operations registered under TRESA  or its successor.  

Position responsibilities

Carry out the examination and inspection activities of business operations registered under TRESA including:

• Investigating formal complaints by examining the trade record sheets, bank statements, trust ledger, term deposits and all other related statements in order to perform reconciliation of the broker’s trust account and establish trust liability.
• Checking general bank account and other related or corporate accounts and records to determine financial difficulties or misuse of trust funds.
• Provide all necessary administrative functions as a result of any inspection or investigation, including preparing correspondence, detailed reports of inspections, and recommendations for action.
• Give evidence at tribunal hearings or in court.
• Provide interpretation and assistance to the registrants and other individuals by providing information, clarification, and guidance on compliance policies and procedures.
• Identify and report on ongoing inspection problems; providing assistance to investigators as they conduct investigation; maintaining an up-to-date awareness of legislation and inspection methods and an awareness of deceptive practices.

Qualifications and experience

• Thorough knowledge of bookkeeping, accounting principles, as it relates to a real estate brokerage business, as well as auditing and related experience.
• Able to follow accounting processes, reconcile trust and general accounting records. 
• Ability to manage and organize large amounts of detailed information. 
• Demonstrated ability to work on own. Must be able to schedule time and resources effectively. 
• Strong verbal and written skills and the ability to summarize and present evidence and conduct interviews. 
• Knowledge and understanding of the judicial process, TRESA, including the Code of Ethics, and the registrar’s requirements. Knowledge and awareness of real estate industry practices and changes (including negative and/or deceptive practices) 
• Ability to travel and work throughout the province of Ontario.
• Computer skills