Good question! That’s important because under TRESA, a registrant cannot provide services to self-represented parties. But, that’s limited to a “trade”. Other than that, no one cares! Once we move …
TRESA: Are You Ready for Open Bidding?
So, you are a Buyer and the Seller wants to “shop your bid”. In fact, they will go around and tell everybody what your bid was and everything else about …
TRESA: Sharing the Content of Competing Offers
RECO Explanation This is the commentary from RECO: “Under TRESA, if the seller client directs, the registrant is permitted to share the content of competing written offers with every person …
TRESA: Customer relationships/Agreements not permitted
RECO published the following: “The definition of customer, along with the related provisions in the legislation, are removed. This means that a party to a trade will be either a …
Designated Agency is On its way
Possible TRESA Delay In fact, while it had originally been scheduled to be introduced in Part 3 of TRESA, it’s almost ready to go now. If so, that would delay …
TRESA: Facts a seller has a legal obligation to disclose
RECO explaining TRESA sets out the following: “Under TRESA, a new obligation is introduced that requires a registrant representing a seller to disclose facts to a potential buyer, if those …
Self-Representation under TRESA
The 30 year role of a customer having lower status than a client and someone to who fiduciary duties are not owed will be gone under the new Act. Consumers …
Unrealistic Online Evaluations
Question: I went on a Listing appointment, and the Seller had conducted a price evaluation through RBC online. It came in $300,000.00 too high in my opinion. Then, I checked …
Listing Cancellation and the Holdover Provision
Question: I have a potential client who wants to list their home with me. They had their home listed with another brokerage with a listing period of Sept 2022 to …
Overlooked Property and New Second Marriage
Question: Present and Future time: when “mom”passes away, her recreational property in Ontario is to go to her two kids. This is what mom wants and has told her two …