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

February 3, 2020

OREA CEO Tim Hudak Statement on the Presentation to the Standing Committee on General Government

“The Ontario Government’s Trust in Real Estate Services Act (TRESA) will ensure that the REALTOR® at your side during the largest financial transaction of your life has the highest professional standards, training and modern tools in North America.

Ontario Realtors have been pushing for changes to our province’s broken real estate discipline system and outdated real estate rules for over a decade, and we are thrilled that this important piece of legislation is now one step closer to passing. TRESA will make Ontario a leader when it comes to consumer protection, education and business tools in real estate, such as personal real estate corporations.

OREA was invited to further discuss the changes proposed at the Standing Committee on General Government today, and we expressed our overall support for TRESA while also asking the government to consider two important amendments to the bill:

  • OREA and its members believe that it is time to replace the archaic “salesperson” term currently used by REBBA to describe real estate professionals. Ontario Realtors do far more than simply broker a sale: they are educators, trusted advisors, advocates, researchers, and community experts. They go to great lengths to develop long-term relationships with their clients – one that is based on trust, not sales goals, and we believe this term should be updated to “representative” to reflect this.
  • In the spirit of continuing to reduce red tape and support innovation within the industry, we are also advocating for the removal of a provision that would unnecessarily require the registrar to pre-approve forms of agreement before they can be used. Requiring the registrar’s approval of changes to any of our 205 Standard Forms is a significant piece of red tape that could prevent the real estate industry from appropriately reacting to new societal, legal or economic developments quickly.

OREA led the charge for a modern REBBA because we believe Ontario should be leaders when it comes to trust and professionalism in real estate services, and the introduction of TRESA is a huge win for our province’s home buyers, sellers, and Realtors.

I want to thank Minister Lisa Thompson and the Ford Government for their leadership and the thoughtful amendments already embodied in TRESA. This legislation will greatly strengthen the already robust real estate landscape in Ontario, ensuring the Realtor at your side during the largest financial transaction of your life has the highest professional standards, training and modern tools in North America.”

- Tim Hudak, CEO of the Ontario Real Estate Association


For more information contact:

Ontario Real Estate Association

Jean-Adrien Delicano

Specialist, Media Relations

JeanAdrienD@orea.com

416-445-9910 ext. 246


More News & Press Releases

articleimage

Statement From OREA President Sean Morrison: Open Houses Banned in Toronto, Ottawa, Peel And York Region

Today, the Ontario Government announced that open houses will be prohibited in Ottawa, Peel, Toronto and York Region

Read More
articleimage

Statement From OREA President Sean Morrison: OREA Urges Ontario Realtors® To Stop Open Houses Amid Rise In Covid-19 Cases

With cases in Ontario rising, we must continue to limit face-to-face interactions as much as possible and use virtual tools first and to the greatest extent possible.

Read More
articleimage

Ontario REALTORS® Win Big with Personal Real Estate Corporations

A decade of hard work pays off with new PREC Regulation

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