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...
by Courtney Zwicker | Sep 22, 2025 | Legal Issues, News
A forensic investigation into the financial records of The iPro Realty Ltd. shows a complicated web of intermingled financials with the sprawling group of businesses owned by former brokerage principals Fedele Colucci and Rui Alves. New evidence filed by the Real...
by Courtney Zwicker | Sep 2, 2025 | Boards & Associations, Legal Issues, News
The Ontario Provincial Police says it will launch an investigation into the iPro Realty Ltd. scandal. OPP spokesperson Erin Cranton confirmed the investigation to Real Estate Magazine in a statement on Tuesday evening. “The OPP has been asked to investigate this...
by Courtney Zwicker | Aug 26, 2025 | Advice for Agents, Legal Issues, News
As pressure from the public and real estate community mounts on Real Estate Council of Ontario (RECO) to take action in the iPro Realty. Ltd. fiasco, the industry watchdog has frozen the defunct brokerage’s account and undertaken an independent audit. RECO’s board...
by REM Editorial Team | Aug 19, 2025 | Legal Issues, News
As Mississauga-based iPro Realty. Ltd. shuttered its 17 branches on Tuesday after being found to have mishandled millions of dollars, Real Estate Council of Ontario issued an update to address some of the many questions stemming from the shocking events affecting...
