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 …
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 …
Who is Your Agent under TRESA?
Interesting question! It always used to be “the Brokerage”. The correct answer under TRESA would be: 1) “the Brokerage”, as above, or 2) the “Designated Agents”). Brokerage Representation This is …
What Title Can You Use?
What description or title can you use if you are in the real estate business? It used to be “Salesperson” etc. or “Broker” if you took a few additional Courses. …
TRESA: How Do You Pronouce it?
There is a new Trust in Real Estate Services Act, which updates and replaces the Real Estate and Business Brokers Act, 2002. The new Act will govern the activities of …
Can You Have an Open Offer Process Now?
Sure, if you want to. There’s nothing to prevent you! The only issue would be a couple of restrictions or limitations: This means that if you wish you could commence …
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. …
Keeping Real Estate Files
Litigation Question: What’s the Time Limit Required for Agents? Is there a CRA rule and/or a TRESA rule on this? Under REBBA, Brokerages are required to keep them 6 years. …
Water in the Basement
Question: What about water in a basement of a 100 year old plus rural property? The foundation is actually made of rocks. The floor originally dirt was covered with concrete …