The CEO of Ontario’s real estate regulator is stepping down, just weeks after the province appointed an administrator to assume control of the organization amid concerns about its handling of the iPro Realty scandal.

Real Estate Council of Ontario (RECO) Administrator Jean Lépine released a statement on Thursday afternoon confirming that Brenda Buchanan will step aside as CEO effective Dec. 31.

In the statement, Lépine said that Buchanan will continue to provide support during the transition while he assumes the responsibilities of the CEO.

“I want to thank Brenda for her commitment and her contributions to RECO and wish her well in the future,” he said. “Looking ahead to 2026, we have an ambitious agenda for RECO in 2026. I’m eager to continue working with the team and all our stakeholders to deliver on our mandate and rebuild trust with stakeholders.”

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