by Courtney Zwicker | Sep 26, 2025 | Legal Issues, News
Rui Alves, whose now-defunct iPro Realty Ltd. is under investigation for a $10.5-millon trust account scandal, insists the missing money was used to keep the floundering brokerage afloat, not enrich him personally. “The suggestion that millions of dollars was...
by Brandon Reay | Sep 26, 2025 | Boards & Associations, Columnists
Everyone has covered iPro Realty Ltd. Missing millions, frozen trust accounts, lawsuits, and a regulator that failed to catch it in time. The headlines have been relentless. Recent public statements from association leadership have echoed this outrage, calling the...
by REM Editorial Team | Sep 25, 2025 | Legal Issues, News
The following is the text from the undertaking agreement signed on Aug. 8 by iPro Realty Ltd. principals Fedele Colucci and Rui Alves, and Joseph Richer, former Real Estate Council of Ontario registrar. The agreement is contained within RECO’s motion record...
by Cathy Polan | Sep 25, 2025 | Boards & Associations, News
Below is a letter written by Ontario Real Estate Association (OREA) president Cathy Polan, which was sent to the association’s membership and obtained by Real Estate Magazine. I’ve been a Realtor for over 16 years, and in that time, I have never seen...
by Courtney Zwicker | Sep 23, 2025 | Legal Issues, News
Real Estate Council of Ontario (RECO) was successful in obtaining several court orders in a hearing Monday, which freeze the assets of iPro Realty’s Ltd.’s founders, and give Fedele Colucci and Rui Alves one day to tally up their anticipated living expenses and legal...
