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, …
TRESA: Services as Outlined by RECO
Under consideration at the present time is the description of real estate services that should be outlined in the Listing Agreement and the Buyer Representation Agreement. Here’s a reference to …
TRESA: Unprofessional Conduct
The new provision under TRESA states as follows: “Unprofessional conduct, etc. 2. A registrant shall not engage in any act or omission that, having regard to all of the circumstances, would …
TRESA: Services Provided to Seller
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 …