“The Ontario Government’s Trust in Real Estate Services Act (TRESA) will ensure that the REALTOR® at your side during the largest financial transaction of your life has the highest professional standards, training and modern tools in North America.
Ontario Realtors have been pushing for changes to our province’s broken real estate discipline system and outdated real estate rules for over a decade, and we are thrilled that this important piece of legislation is now one step closer to passing. TRESA will make Ontario a leader when it comes to consumer protection, education and business tools in real estate, such as personal real estate corporations.
OREA was invited to further discuss the changes proposed at the Standing Committee on General Government today, and we expressed our overall support for TRESA while also asking the government to consider two important amendments to the bill:
OREA led the charge for a modern REBBA because we believe Ontario should be leaders when it comes to trust and professionalism in real estate services, and the introduction of TRESA is a huge win for our province’s home buyers, sellers, and Realtors.
I want to thank Minister Lisa Thompson and the Ford Government for their leadership and the thoughtful amendments already embodied in TRESA. This legislation will greatly strengthen the already robust real estate landscape in Ontario, ensuring the Realtor at your side during the largest financial transaction of your life has the highest professional standards, training and modern tools in North America.”
- Tim Hudak, CEO of the Ontario Real Estate Association
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Ontario Real Estate Association
Manager, Media Relations
416-445-9910 ext. 246
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