RECO says Steinfeld mismanaged trust accounts, she says no.

• Steinfeld is accused of failing to review and sign trust account reconciliations on time and failing to ensure the brokerage met its trust account obligations.

  If the former regulator's chair herself can't comply with basic trust account administration, that's a red flag about the industry's operational discipline.

• The Steinfelds say discrepancies ranged from $442 to $7,000 and were self-corrected, with no client or agent funds in jeopardy.

  Self-correction doesn't erase regulatory violations. Late reconciliation sign-offs are process failures, regardless of whether money was ultimately returned.

• Steinfeld chaired RECO's board from May 2023 until December 2025, when she and the entire board were fired following the iPro Realty scandal.

  The timing matters. A regulatory chair overseeing the industry while her own brokerage had trust account lapses raises questions about judgment and oversight.

• TRREB CEO John DiMichele declined to comment beyond citing TRREB's governance policies, saying it would be inappropriate given RECO's jurisdiction.

  TRREB's silence protects Daniel Steinfeld, who sits as 2026 president. The board should address whether any conflict exists rather than defer entirely.

“there was never a dollar missing or misappropriated”