They called it one of the biggest real estate scandals Ontario has ever seen — a brokerage collapse with millions missing, devastated agents, and shocked homebuyers. But what if the same people behind it are back in business?
In this episode, Mike Wixson sits down with Mark Morris, a respected Ontario real estate lawyer and founder of LegalClosing.ca, to break down the IPRO Realty scandal — how it happened, who’s responsible, and what it means for the real estate industry today.
What You’ll Learn:
• How $10 million vanished from a real estate trust account
• The regulatory failures that allowed the scandal to grow
• What RECO did (and didn’t) do to protect consumers
• The truth about “discount” brokerage models and their risks
• Whether Ontario buyers can trust brokerages again
Subscribe for more conversations like this.
Subscribe: https://www.youtube.com/@TPL_media
Website: https://www.tplmedia.ca/
Chapters
- (00:00:00) - Ontario real estate lawyer Mark Morris on the IPRO Scandal
- (00:00:56) - Ontario's largest brokerage scam: I Pro Realty
- (00:10:06) - Ontario realtors: Their own credibility is on the line
- (00:11:55) - Ex-Right at Home CEO on Marginal Costs
- (00:19:03) - RICOH should audit real estate firms more
- (00:21:31) - Apple's Open-Up iCloud
- (00:23:13) - RICO's role in the IPro scandal
- (00:30:08) - Liberal and Conservative perspectives on immigration
- (00:36:47) - Mark Twain on Talking To Chris Cuomo
- (00:37:06) - Billiard Star Mark Morris on the Denton Report
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