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, …
Registrants’ Duties under the TRESA Code of Ethics
Effective 1 December 2023, there is a new Code of Ethics. It’s shorter and deals simply with various ethical concerns. TRESA CODE of ETHICS Matters Involving Integrity, Etc. Integrity, honesty, …
RECO’s Information Guides
RECO will be posting three Information Guides on its website concerning: The purpose is to ensure that the public has some basic knowledge about the industry. When these situations present …
Information Guide from RECO concerning Self-Represented Parties
It’s getting a little close to the TRESA Phase 2 commencement, and the RECO Information Guide is still “coming soon”. This could be a separate and distinct document or perhaps …
Information Guide from RECO concerning Designated Representation
It’s getting a little close to the TRESA Phase 2 commencement, and the RECO Information Guide is still “coming soon”. This could be a separate and distinct document or perhaps …
Information Guide from RECO for Consumers
It’s getting a little close to the TRESA Phase 2 commencement, and the RECO Information Guide is still “coming soon”. So, here is the actual legislation covering this General Information …
History of Double Agency
TRESA Let’s roll back the clock by 30 years or so! Sub-agency Sub-agency was in full gear. Yes, there were indeed two agents in a real estate deal, but they …
Buyer’s Agent Fronts the Deposit
Question: I had a long listed listing up and finally sold conditional. Then, I found out the Buyer’s agent is actually fronting the deposit of $10,000.00 Answer: The Buyer’s agent …
TRESA: Phase 2 Implementation “when does it come into force”?
The implementation date for Phase 2 is 1 December 2023. That means it’s “in force” effective 12:00 am on the 1st. But, in many cases now we actually have to …
TRESA: Customer Service Coming to an End
The implementation date for TRESA is 1 December 2023. That’s the effective date when the Customer Service relationship can no longer be arranged. However, if such a relationship were previously …