If you are a buyer or seller, there are things you need to know
The terms of engagement have changed in Ontario after December 1.
TRUST IN REAL ESTATE SERVICES ACT (TRESA)
TRESA is replacing the Real Estate and Business Brokers Act (REBBA) and Phase 2 of the new regulations are effective as of December 1, 2023.
The Real Estate Council of Ontario has released an Information Guide for Buyers and Sellers.
Rest assured that your real estate needs will always be handled with professionalism and confidence just as they always have been, that will never change. These new guidelines have been put into place to further protect the consumer.
If you are planning to sell or buy real estate in the near future, this is good information for you to have. As always, when we meet this will all be reviewed moving forward.
Visit the Real Estate Council of Ontario website to learn more: https://www.reco.on.ca/buyers-and-sellers/things-you-need-to-know
Information Guide for Buyers and Sellers: reco-information-guide