What does the term 'registrant' include in the context of RECO?

The term 'registrant' in the context of the Real Estate Council of Ontario (RECO) encompasses a broad category of individuals and organizations involved in the real estate sector. This includes brokerages, which are businesses that facilitate real estate transactions, brokers, who are licensed professionals responsible for overseeing real estate transactions within a brokerage, and salespersons, who work under the supervision of brokers and provide services to clients in buying, selling, or leasing properties.

Understanding this definition is crucial because it highlights the diverse roles that contribute to the functioning of Ontario's real estate market. It ensures that all parties involved in real estate transactions are subject to the regulations and standards set forth by RECO, which aims to protect buyers, sellers, and the integrity of the market. The inclusion of these roles under the term 'registrant' emphasizes the importance of licensing and regulation in maintaining professionalism and accountability within the real estate industry.