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 …

Customers Are Gone

There’s no such thing as “Customers” anymore. Customer Service under REBBA, 2002 continued until 30 March 2024, that’s assuming that you had such an arrangement in place prior to 1 …

Name of the “Agreement”

You would actually think that this would be relatively straightforward, but, it isn’t. The first line in the Agreement of Purchase and Sale is as follows: “This Agreement of Purchase …

Who is Your Client?

You mean you don’t even know who your own client is? Many real estate agents simply don’t know. They don’t care, and they don’t bother to inquire. All of that …

Multiple Representation: When Do You Sign?

Previously, in the Confirmation of Cooperation and Representation (CCR) it was last minute after everything had already gone wrong. Now, we have two new documents, the full explanation and informed …

Multiple Representation: New Forms

Question: Forms 325 and 326. At what point are you getting these forms signed? Answer: Finally, we have some real appreciation of the conflicts that arise with Multiple Representation. Previously, …

Termination Clauses for Listings

It might be wise to adopt a simple approach to terminations. Rather than adopt the risky OREA clauses, why not something simple and straightforward. Leave it out completely That’s about …

Termination Provisions: TRESA

The new TRESA legislation deals with requirements of agreements. Regulation 567/05 includes the following: Contents of written agreements 13.4 (1) A brokerage shall not enter into a written agreement with a …