June 5th - 2013

Electronic real estate transactions

The Ontario Real Estate Association (OREA) successfully advocated for a legislative amendment to the Electronic Commerce Act, 2000, that would facilitate faster, smoother real estate transactions.

The Ontario Real Estate Association (OREA) successfully advocated for a legislative amendment to the Electronic Commerce Act, 2000, that would facilitate faster, smoother real estate transactions. The amendment, introduced in May as part of Ontario’s budget, would delete the exemption of electronic agreements of purchase and sale from the act and grant them legal protection. Electronic agreements would reduce the time needed for real estate deals and REALTORS® and consumers would no longer need to fax, scan or email documents back and forth. Keep watching the Government Relations section of the OREA blog.

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For more information contact

Ontario Real Estate Association

Jean-Adrien Delicano

Manager, Media Relations

JeanAdrienD@orea.com

416-445-9910 ext. 246