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.
TRESA Resources
TRESA is replacing the Real Estate and Business Brokers Act (REBBA). This is what the new legislation means for Ontario REALTORS®.
Buying or selling one’s home deserves the expertise of a REALTOR® with the highest professional standards, and that is what the Government of Ontario delivered when it passed TRESA in 2020. TRESA replaces REBBA, and makes Ontario a North American leader in professional standards for real estate professionals. OREA is proud to have been advocating to modernize REBBA since 2009.
Communications from OREA on TRESA
OREA is excited to offer Member Boards and brokerages the opportunity to schedule virtual (preferred) or in-person TRESA seminar sessions, featuring industry experts. These sessions will share information on the following:
These seminar sessions are 1.5 hours long. The cost is free for Member Boards and $200 per brokerage.
For more information and to book a session, contact REALTOR® and TRESA expert, Ray Ferris, via email:
Schedule this seminar→The Government of Ontario has rescinded the April 1 implementation date of Phase Two TRESA regulations in order to consider the option of designated representation.
At the beginning of March 2023, Past-President and Chair of OREA’S TRESA Regulations Task Force, Ray Ferris, held a webinar to walk Members through key regulatory changes for TRESA.
Work on TRESA Phase Three will begin in the coming months.
WATCH WEBINAR→There will be updates on mandatory documented disclosures and acknowledgements to address:
We will update you on any new Forms resources as they come available.
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.
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.
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).
Implementation
Due to the significant overhaul of TRESA, consultations on the new legislation were split into three phases.
1
Phase One regulations have been fully implemented and covered the following:
2
Under Phase Two, OREA has been advocating for:
3
Consultations and regulatory work on Phase Three in the coming months, and is set to cover:
2009
OREA set a goal to modernize REBBA, and began an internal review of the legislation while lobbying the Government of Ontario on needed reforms.
2016
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.
2017
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.
2018
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.
2019
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.
2020
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.
2021
OREA worked closely with the Government of Ontario and real estate partners on the development of Phase Two TRESA regulations, advocating for:
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.
2023
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:
Questions or Comments?
Reach Out
Contact us and let’s chat about how we can better help you.
Get In TouchOREA AI Assistant