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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 FAQsBuying 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:
Updates on mandatory documented disclosures and acknowledgements:
Stay tuned for more details on Forms resources, including webinars, new courses, and educational guidance in Fall 2023.
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.
OREA is excited to offer Member Boards and brokerages the opportunity to schedule a session with one of our experts. Due to the high demand we will look to schedule virtual sessions, or, if possible, in-person TRESA seminar sessions. These sessions will share information on the following:
These virtual sessions are 1.5 hours long. The cost is free for Member Boards and $200 per brokerage. In-person presentations are also available for $500 (plus expenses) per brokerage. Get the most recent updates and ask live questions in these informative sessions.
If you're interested in learning, you can watch a recording or book a session by contacting REALTOR® and TRESA expert, Ray Ferris via email:
Schedule this seminar→Questions or Comments?
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