TRESA Resources & Guidance

The Path to TRESA

TRESA replaces the Real Estate and Business Brokers Act (REBBA) and OREA is proud to have played a key role in bringing about the new legislation.

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OREA began lobbying the Ontario Government in 2009 with the goal of modernizing legislation for the real estate profession. In 2020, TRESA was established to provide enhanced protection and offer more consumer choice.

The Path to TRESA

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A Goal is Set


OREA set a goal to modernize REBBA, and began an internal review of the legislation while lobbying the Government of Ontario on needed reforms.

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Facing the Issue Head On


The media took a scathing look at real estate agents in Ontario and British Columbia. OREA faced the issue head on and led the charge for higher industry standards and REBBA reform.

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Ontario Government Agrees to Work with REALTORS®


The Government of Ontario announced a review of REBBA in April, and OREA struck the REBBA Review Task Force to conduct a top-to-bottom review of the legislation over the next 16 months.

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To ensure Ontario REALTORS® are North American leaders when it comes to professionalism and ethics, OREA’s Task Force generated four white papers, 4,000 points of feedback, and 45 proposals, which were used to inform OREA’s recommended modernizations to REBBA.

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OREA's Vision for a Modern REBBA


38 recommendations for REBBA reform were put forward by OREA, with the goal of ensuring that the Ontario REALTOR® at your side during the largest financial transaction of your life has the highest professional standards, training, and modern tools in North America.

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TRESA passes unanimously with all-party consent


In February, TRESA passed unanimously. It is one of the few pieces of legislation in Ontario to receive bi-partisan support with positive and constructive debate in the Legislature. Phase One work began.

In October, Phase One regulations came into effect. REALTORS® are now allowed to form Personal Real Estate Corporations (PRECS), and can use new descriptors and advertising terms.

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OREA worked closely with the Government of Ontario and real estate partners on the development of Phase Two TRESA regulations, advocating for:

  • An updated “principle-based” Code of Ethics
  • New definitions, disclosures and terms
  • A new consumer “Information Guide”
  • Strengthening RECO’s Discipline Committee
  • The option for a new open offer process
  • Designated Representation
    • A discrimination provision was added to the Code of Ethics, explicitly requiring compliance with the Ontario Human Rights Code, following a recommendation made by OREA’s Presidential Advisory Group on Diversity, Equity and Inclusion. See our Fighting for Fair Housing Report.

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Two regulations will be implemented this year. The consultations and regulatory work on Phase Three will begin over the coming months, and is set to cover the following:

  • Improving continuing education
  • Rules for new administrative monetary penalties
  • Updating RECO’s registration processes to reduce red tape for registrants


TRESA is being implemented in three phases

Due to the significant overhaul of TRESA, consultations on the new legislation were split into three phases.

Learn more about TRESA


Phase 1 - completed October 2020

The phase one implementation regulations permitted the use of Personal Real Estate Corporations (PREC). To date, there are over 10,000 REALTORS® in the province who have taken advantage of a PREC. In addition, the phase one regulations amended the Code of Ethics to permit the use of new terms to describe a salesperson and a broker. Per REBBA, a REALTOR® was either referred to as a real estate salespeople, real estate salesperson, or real estate broker. The amended Code now allows a REALTOR to be referred to as real estate agent or REALTOR®. The term REALTOR® or real estate agent is only allowed to be used by Canadian Real Estate Association (CREA) Members in good standing.


Phase 2 - expected in 2023

On July 26th, 2023, the Government of Ontario introduced their second phase of regulations addressing the following areas. The implementation of the TRESA phase two regulations will come into force on December 1, 2023.

  • Multiple and Designated Representation
  • Self-Represented Party
  • Open Offer Process
  • Written Agreements and Disclosures
  • New Consumer Information Guide
  • Code of Ethics
  • RECO’s Discipline Process


Phase 3 - regulatory work to begin soon

OREA continues to look ahead to phase three of TRESA:

  • Regulations to support specialty certifications for REALTORS® and brokers
  • Improved continuing education
  • Rules for new administrative money penalties for black-and-white violations of the Code or other TRESA regulations
  • Updating RECO’s registration process to reduce red tape for REALTORS®


The Real Estate and Business Brokers Act, also known as REBBA, is an act that regulates the relations of all participants and processes of the Ontario real estate market.

Learn more about REBBA

The Trust in Real Estate Services Act, 2020 received Royal Assent in March 2020, following years of lobbying to bring about changes to the Real Estate and Business Brokers Act (REBBA). TRESA is replacing REBBA and makes Ontario a North American leader in professional standards for real estate professionals.

Learn more about TRESA

Phase One of TRESA, permitting Personal Real Estate Corporations (PRECs) and new advertising terms, is in effect as of October 2020.

In April 2022, the government published the proposed reforms under Phase Two, which include the General Regulations under TRESA, the Code of Ethics, Educational Requirements and the newly developed RECO Discipline Committee Regulation.

The regulations can be found here:

All Phase Two regulations will come into force at the same time.

The government will be entering into the third phase of work under TRESA in the months ahead.

The first edition of the Act regulating the real estate market was adopted by the relevant authorities and approved by the Government of Ontario as early as 1930.

The governing body that controls and enforces all points of the Act is the Real Estate Council of Ontario (RECO).

Learn More About RECO

Questions or Comments?

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The OREA Government Relations team welcomes all contact from Members. Don't hesitate to contact us with your questions, comments, or suggestions.

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