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 …
TRESA INDEX
“TREE SAH” This is a List of Topics that I have written about concerning TRESA, indexed by various subjects: General TRESA: How Do You Pronouce it? Agency Who is Your …
TRESA TOPICS
TRESA TOPICS This is a List of Topics that I have written about concerning TRESA. It starts from the most recent to the earliest:TRESA: Phase 2 Implementation “when does it …
Designated Agency and the “Mentor” under TRESA
TRESA will authorize “Designated Agency”. That will be fine and save some significant conflicts of interest. The appointment is made by the Brokerage. The Brokerage appoints Bob to act on …
REBBA 2002, Related Parties Defined
From time to time the issue of “related parties” arises. There is an obligation upon real estate agents to disclose a direct or indirect interest in a real estate transaction. …
Are you related to my cousin Vinny?
Related Parties under REBBA Are you related to cousin Vinny? Well, you were until 31 March 2006 and now you’re not. That’s the “correct” real estate answer! Who are you …
Dual Agency: Resolved
There are certainly some problems with dual agency, the most critical of which is the inherent unresolvable conflict of interest. But, even if it cannot be resolved, perhaps a suitable …