An important new step with the TRESA legislation is the preparation of a new Information Guide for Consumers, which will explain the Act, RECO, the role of the real estate …
Third Party Disclosure of Material Facts
TRESA Now, we actually come to a breach of an agent’s fiduciary duties to their own client. Previously, under the old Code of Ethics, there was no such provision. Now, …
Client Disclosure of Material Facts
TRESA This provision is changing with TRESA. Old Code Material facts 21. (1) A broker or salesperson who has a client in respect of the acquisition or disposition of a particular …
Disclosures under the Act and Regulations
General Regulation under TRESA There are some policies and procedures set out in the legislation which are new to Regulation 567/05 being the General Regulation, including a paragraph dealing with …
Code: Where Did All the Provisions Go?
There was a Code of Ethics under REBBA, 2002. Then, there were some changes, and a New Code under TRESA will become effective 1 April 2023. It’s much shorter. So, …
Auditor General’s Report: Multiple Representation
Comments: Multiple Representation It seems clear that the Auditor General doesn’t like multiple representation: Rather than take the law as it is, and focus on RECO’s own responsibility, this broad …
What About Designated Agency for Ontario?
Designated Agency was enacted in Nova Scotia effective 1 January 2017. Can Ontario be far behind? CBC Marketplace in 2016 did an expose about conflicts of interest in certain real …