Pre-emptive Offers and Notification

Question: If on a listing, the Listing Agent has mentioned that they are taking offers on X date and time but Sellers have the right to take/review any preemptive offers. …

Complaints About Real Estate Agents

There actually is a list. RECO has compiled a list of complaints made to it about real estate agents. Here’s an excerpt from the 2022 Annual Report: “TOP COMPLAINTS Registrants …

Lots of Competition Out There

Number of Real Estate Agents There are a lot of people in the real estate business. In fact, 109,627 * (according to RECO 2022 Annual Report) registrants in total as …

Transparency under TRESA

TRESA now permits a Seller’s representative to share content, some content, or a little bit of content with all other bidders whether the Buyer consents or not, just not identifying …

Sharing Offer Content under TRESA

This is the explanation from RECO: “Content of competing offers A change most of you will have heard about relates to sharing the content of competing offers. Though the change …

TRESA Update: Short Delay

The new TRESA legislation will be delayed somewhat. It should come into force shortly. Phase 1 came into force and permitted registrants to use different words to describe themselves and …