Now that the TRESA Code of Ethics is in force, there are some changes. Let’s look at a few of the provisions. Conscientious and Competent Service The Old Code stated: …
OREA FORM 127 ~ Acknowledgement
OREA FORM 127 is for “informed consent“ By Brian Madigan LL.B. There is a recent new Form which has been published by OREA, (the Ontario Real Estate Association). It is …
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: 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 …
Overlooked Property and New Second Marriage
Question: Present and Future time: when “mom”passes away, her recreational property in Ontario is to go to her two kids. This is what mom wants and has told her two …
TRESA Delay
1 April 2023 (Phase 2) could be delayed This is an annoucement from RECO on 10 March 2023: “Though amendments to the legislation are scheduled to take effect April 1, …
Disclosure of Related Party
Disclosure of Related Party under Code If you are a real estate agent and you are selling your OWN house, you have to tell the other side. This applies even …
Got the Taxes Wrong
In 2019, the tax roll of the residential property was first created, and so no tax levies were imposed on the Property until 2020. On July 2, 2019, the Sellers …
Construction Liens in Ontario
Construction Liens: 10% for 60 days The law with respect to construction liens has changed over time. There are holdback provisions, time periods and amounts. This was set out originally …
Toronto and GTA Markets in December 2022
GTA REALTORS® Release December Stats TORONTO, ONTARIO, January 5, 2023 “The Greater Toronto Area (GTA) housing market experienced a marked adjustment in 2022 compared to record levels in 2021. Existing affordability …