OREA in its “Whitepaper” has proposed various specialty certifications. This is what OREA said: “SPECIALTY CERTIFICATIONS RECOMMENDATION #6: The Ontario Government should enact section 8 of TRESA and permit registrants …
OREA: Proposes Articling and Mentorship
This is the proposal of OREA when it comes to articling and mentorship: “RAISING THE BAR ON EDUCATION AND PROFESSIONALISM Education is integral to the real estate industry. It is …
Designated Representation Agreement Change in Schedule “A”
You will need to make this change until OREA amends the Forms. “The paragraph following paragraph #15 shall be deleted and the following shall be substituted therefore: “The Listing Brokerage …
OREA Drops Acknowledgement By SRP’s in its FORMS
OREA on 6 November 2024 advised: “Following their most recent review and careful deliberation, the Committee has decided to discontinue the following Forms, effective immediately: Comment They all dealt with …
OREA and the RECO Ombudsman
OREA is proposing the following: “BETTER REGULATOR OVERSIGHT RECOMMENDATION #4: Make RECO subject to ombudsman oversight, bringing the regulator in-line with 1,000 other government agencies and ensuring both registrants and …
OREA: Listings and Guaranteed Sales
OREA would like to see an improvement related to the disclosures required with respect to guaranteed sales. This is in response to: “If we don’t sell it, we’ll buy it.” …
Commercial Indicators 1 November 2024
Commercial Bond Yields CMB5 Year – 3.18%CANHOU 12/15/29[-0.08%] 10 Year – 3.60%CANHOU 12/15/34[-0.07%] Floating Rate insured cost of funds4.71%[-] Prime Rate5.95%[-] GoC 2 Year – 2.95%CAN 09/01/27[-0.07%] 3 Year – 2.96%CAN 09/01/28[-0.07%] 5 Year – 2.98%CAN 09/01/29[-0.07%] 10 Year …
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