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 …
Transparency under TRESA
TRESA now permits a Seller’s representative to share content, some content, or a little bit of content with all other bidders whether the Buyer consents or not, just not identifying …
Sharing Offer Content under TRESA
This is the explanation from RECO: “Content of competing offers A change most of you will have heard about relates to sharing the content of competing offers. Though the change …
Course Programs
Depending upon the presentation arranged, these Courses run from 60 minutes to 180 minutes AEA Programs marked in bold Comment If you are interested, please contact me at [email protected]. The …
TRESA Update: Short Delay
The new TRESA legislation will be delayed somewhat. It should come into force shortly. Phase 1 came into force and permitted registrants to use different words to describe themselves and …
Consumer Relationships Guide in Alberta
TRESA We are expecting TRESA to be in force in Ontario on 1 April 2023, We are still expecting RECO to introduce and “Information Guide”. We are 10 days out …
When Does a Person become a Self-Represented Party?
Good question! That’s important because under TRESA, a registrant cannot provide services to self-represented parties. But, that’s limited to a “trade”. Other than that, no one cares! Once we move …
TRESA: Are You Ready for Open Bidding?
So, you are a Buyer and the Seller wants to “shop your bid”. In fact, they will go around and tell everybody what your bid was and everything else about …
TRESA: Sharing the Content of Competing Offers
RECO Explanation This is the commentary from RECO: “Under TRESA, if the seller client directs, the registrant is permitted to share the content of competing written offers with every person …
TRESA: Customer relationships/Agreements not permitted
RECO published the following: “The definition of customer, along with the related provisions in the legislation, are removed. This means that a party to a trade will be either a …