Under the TRESA legislation there is a reference to the services provided to a client and the corresponding representation agreement. Specifically, TRESA (Regulation 567/05) states as follows: “Contents of …
TRESA: Securing a Pre-Listing Inspection under the New Rules
Once the new disclosure rules came into effect under TRESA, agents have had second thoughts about the pre-listing inspection. In many cases, they were a very good idea. With an …
TRESA: Spousal Consent and the Information Guide
Question: Would a spouse signing spousal consent need to be provided the RECO Information Guide? The agent is not providing representation or services to the spouse, but does have to …
TRESA: Should you Schedule a Pre-Listing Inspection?
Question: TRESA stipulates we are now under the obligation to disclose material latent defects if they are known to us. Two questions: 1. Are we now under the obligation to ask …
TRESA Code of Ethics: Fraud and Misrepresentations
Now that the TRESA Code of Ethics is in force, there are some changes. Let’s look at a few of the provisions. Fraud and Misrepresentations The Old Code stated: Inaccurate …
TRESA: Hold onto that SRP Badge!
You are a real estate agent and you are looking to increase your business. You host an Open House for your client at 123 Main Street. Along comes Jeff, and …
Can You Show a Property to a Self-represented Party?
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 Code of Ethics: Conscientious and Competent Service
Now that the TRESA Code of Ethics is in force, there are some changes. Let’s look at a few of the provisions. Conscientious and Competent Service The Old Code stated: …
TRESA Code of Ethics: Best Interests Obligation
Now that the TRESA Code of Ethics is in force, there are some changes. Let’s look at a few of the provisions. Best Interests The Old Code stated: Best interests …
TRESA Code of Ethics: Courtesy Obligation
Now that the TRESA Code of Ethics is in force, there are some changes. Let’s look at a few of the provisions. Honesty and Integrity The Old Code stated: Fairness, …