Log in as a…


Login

NEW!

We’ve partnered with CREA to help improve your member experience and give your information the best security possible.

You will be returned to OREA once you have successfully logged in.

Login as a Member

We can help

articleimage

April 12, 2019

OREA Statement on RECO/TICO Short-Term Rental Bulletins

“Ontario REALTORS® help thousands of families every year have a memorable vacation by assisting with cottage, condo apartments and vacation homes short-term rentals. Vacationers who are looking for quality accommodations are well served when they work with a highly trained and professional REALTOR®.

That’s why OREA took action when we learned that the Travel Industry Council of Ontario (TICO) had begun a campaign forcing real estate brokerages who were arranging short-term rentals to register as travel agents.

Forcing real estate brokerages who are transacting short-term rental properties to register as travel agents is a needless piece of red tape that would cost REALTORS® thousands of dollars, compels them to take courses, pass exams and make substantial deposits with no discernable benefit to consumers.

With today’s bulletin, OREA is pleased to see TICO and the Real Estate Council of Ontario (RECO) affirm the rights of real estate brokerages under the Real Estate and Business Brokers Act, 2002 (“REBBA”) to transact short-term rental accommodations.

OREA would like to commend Minister Bill Walker, TICO CEO Richard Smart as well as RECO CEO Michael Beard and Registrar Joe Richer for their quick action in coming up with a short-term solution to the double registration problem once we brought it to their attention. OREA looks forward to working with Minister Walker and the Ministry of Government & Consumer Services to fix the issue through legislation as part of the Province’s review of REBBA.”

- Tim Hudak, CEO, OREA


For more information contact:

Ontario Real Estate Association

Lauren Souch

Manager, Communications & Media Relations

LaurenS@orea.com

416-445-9910 ext. 236


More News & Press Releases

articleimage

Ontario REALTORS® Donate $480,000 to COVID-19 Stressed Shelters and Food Banks

As COVID-19 continues to put pressure on the province’s already stretched shelter system, the Ontario Real Estate Association (OREA) today announced it is donating $480,000 to Ontario shelters and shelter-based charities through the Ontario REALTORS Care® Foundation.

Read More
articleimage

Showings of Condo Properties by REALTORS® Permitted by The Province of Ontario During The State of Emergency

As reports surface of condominium buildings refusing to permit real estate showings during the COVID-19 pandemic, the Ontario Real Estate Association (OREA) is clarifying for REALTORS®, building managers, home buyers and sellers that real estate services are on the provincial government’s list of ‘essential services.’

Read More
articleimage

Statement from OREA President Sean Morrison to Ontario Tenants, Landlords & REALTORS®

Tomorrow is April 1st and rent cheques across Ontario are due. As President of OREA, I have heard from a large number of tenants and landlords, and the REALTORS® who serve them both, with concerns about how to navigate rental housing needs during the COVID-19 pandemic. I want to take this opportunity to speak directly to Ontario landlords, tenants and REALTORS®. I also have advice for the Government of Ontario.

Read More
Back to News & Press Releases
To MP Survey
OREA Contract