The College is Closing

The OREA Real Estate College will cease to operate on December 31, 2020. Find out how the closing will affect admissions and the deadline to complete programs.

Beyond 2020, OREA will continue to provide services to members, real estate boards and associations across the province.

Deadline for Admissions

  • Admissions documents for The Salesperson Registration Education Program must be received by the OREA Real Estate College no later than April 30, 2019
  • The Admissions Test (if applicable) must be successfully completed on or before April 30, 2019
  • Admissions to The Broker Registration Education Program will not be accepted after April 30, 2019
  • No exceptions or extensions will be permitted

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March 6, 2013

OREA endorses Bill to enhance electronic real estate transactions

Toronto, March 6, 2013 – The Ontario Real Estate Association (OREA) applauds proposed legislation introduced today at Queen’s Park that, if passed, would facilitate the use of electronic agreements of purchase and sale of real estate. Currently, Ontario REALTORS® are reluctant to use electronic agreements of purchase and sale because they are exempt from the legal protections afforded by the Electronic Commerce Act, 2000.

The legislation comes in the form of a private members bill sponsored by MPP Todd Smith (Prince Edward-Hastings). It was first introduced by Mr. Smith and Liberal MPP (now Minister of Labour) Yasir Naqvi in May 2012.

"Deleting the exemption from the Act will remove a cumbersome piece of red tape for the real estate industry and it won't cost the province a dime," said Ron Abraham, OREA President. "By enhancing legal protection for electronic agreements of purchase and sale, both consumers and REALTORS® can benefit from technology that makes real estate transactions more efficient, accessible and secure."

Electronic agreements of purchase and sale improve transaction efficiency by reducing the time required to complete the deal. “All parties can access agreements through a central portal, eliminating the need to fax, scan and email documents back and forth,” said Mr. Abraham.

In addition to improving transaction efficiency, the technology is also accessible. “Buyers and sellers can access agreements of purchase and sale through an internet connection anywhere in the world,” said Mr. Abraham. “The technology saves both REALTORS® and consumers time and money.”

"OREA would like to thank MPP Todd Smith for reintroducing this bill," said Mr. Abraham. "It has broad support amongst all parties and we urge its speedy passage."

                                                                        -30-

About OREA: The Ontario Real Estate Association represents 55,000 brokers and salespeople who are members of the provinces 41 real estate boards. OREA serves its members through a wide variety of publications, educational programs and special services. The association provides all real estate licensing courses in Ontario.


Matthew Thornton

For more information contact:

Matthew Thornton

Director, OREA Government Relations

mthornton@orea.com
416-385-6624


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