Complaints This section is entitled “How to make a complaint”: Brokerage firms and real estate agents working in Ontario must be registered with RECO. Ontario brokerages and real estate agents …
Information Guide Explained #6
Sharing Offer Content This section is entitled “A note about content of other offers”: “You may have seen articles in the media about open bidding, or an open offer process. …
Information Guide Explained #5
Multiple Representation This section is entitled “Understanding multiple representation”: “Multiple representation means a designated representative or brokerage represents more than one client, with competing interests, in the same transaction. This …
Information Guide Explained #4
Listing Agreements ab Buyer Representation Agreements This section is entitled “Signing a contract with a real estate brokerage”: “When you become a client, you sign a representation agreement with the …
Information Guide Explained #3
The Self-represented Party (SRP) This section is entitled “Know the risks of representing yourself”: “If you are involved in a real estate transaction and are not a client of a …
Information Guide Explained #2
The Role of a Real Estate Agent This section is entitled “Working with a real estate agent”: “Agents in Ontario must be registered, which requires completing the necessary education, and …
Information Guide Explained #1
The following sets out the first page of the RECO Information Guide: “About this guide You have received this guide from a real estate agent because: • you are considering …
Information Guide – for Self-represented Parties under TRESA
In addition to the basic Information Guide for consumers, there is an another Information Guide when it comes to self-represented parties under TRESA, 2002: Information to self-represented parties 13.1 (1) If …
Information Guide – TRESA Legislation
It is important to look at the legislation under TRESA, 2002 which outlines the requirements for the Information Guide: “Information guide 13. (1) The registrar shall prepare an information guide and …
How Long have You been Licenced?
The correct answer is “zero”. You have never, ever been licenced in Ontario to practice real estate. You may have a driver’s licence, a fishing licence or a hunting licence, …