Rui Alves

Rui Alves

businessman Canada

Rui Alves is one of the founders of iPro Realty Ltd., a brokerage that recently faced a significant financial crisis leading to its shutdown by the Real Estate Council of Ontario (RECO). Alves, along with his co-founder, was involved in an undertaking with RECO to wind up the brokerage after it was revealed that over $10 million was missing from trust accounts, which are essential for holding realtor commissions and homebuyer down payments.

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Recent Mentions

Canada Canada: Rui Alves is another owner of iPro Realty facing legal issues related to the company's debts and financial practices. 3

The Globe and Mail: iPro Realty’s debt exceeded its value, court documents show

Canada Canada: Rui Alves was one of the owners of iPro who informed the regulator about a shortfall in its trust account. 5

The Globe and Mail: Official from Ontario’s real estate regulator leaves post after collapse of iPro Realty