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TRESA Resources & Guidance
TRESA is replacing the Real Estate and Business Brokers Act (REBBA) and phase two of the new regulations will come into force on December 1, 2023. Find information on how REALTORS® and brokerages will incorporate these changes in the “TRESA in 2” Videos.
“TRESA in 2” Videos TRESA FAQs Forms ResourcesBuying or selling one’s home deserves the expertise of a REALTOR® with the highest professional standards. TRESA replaces REBBA, and makes Ontario a North American leader in professional standards for real estate professionals. Learn more about The Path to TRESA.
On July 28th, 2023, the Government of Ontario introduced TRESA phase two regulations, which includes:
The implementation of the phase two regulations will come into force on December 1, 2023. The following resources explain how to implement the changes in your business:
OREA Standard Forms resources cover what Members need to know about TRESA timing, the effects TRESA will have on REALTORS’® day-to-day business, and the TRESA trading requirements and obligations.
OREA continues to look ahead to phase three of TRESA. Some of the topics that we are looking to work with the Ontario government on include:
We will be pushing back against any cooling-off periods that allow a buyer to back out of a real estate transaction. The experience in British Columbia has shown that the only people benefiting from cooling-off periods are speculators who are flooding the market. A cooling-off period for resale homes in Ontario would be bad for both buyers and sellers.
Reach Out
TRESA Questions?
OREA's REALTOR® in Residence Ray Ferris has answers! Whether you need clarification around the new offer process options, or have a question about how designated representation will work at your Brokerage, OREA has your back.
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