OREB Statement on RECO Administrator Update Regarding iPro Realty Claims
December 15, 2025
OTTAWA – The Ottawa Real Estate Board (OREB) has consistently advocated for full compensation for REALTORS® impacted by the actions of iPro Realty and the mishandling of trust fund accounts.
RECO’s province-appointed Administrator, Jean Lépine, confirmed in an update today that all affected consumers have now been fully reimbursed, and the insurer’s program manager has reviewed 1,000 of the 2,500 REALTOR® claims currently on file, and with that visibility, feel comfortable starting paying out commissions at 50% of total amount owing on transactions that have closed or are closing, beginning Wednesday, December 17, 2025.
While this progress is welcome and a strong step in the right direction, it does not yet go far enough. REALTORS® continue to face financial uncertainty for work that has already been completed in good faith. Many haven’t received payment for months.
OREB will continue to press for timely and full compensation for all affected REALTORS®, swift action and significant consequences for others who breach the public’s trust, and for meaningful reforms to ensure accountability and prevent similar failures in the future.
Like the public, our members must have confidence that the regulatory and insurance framework they are required to participate in will protect them when bad actors undermine the system.
