Exciting news for sellers, buyers, landlords, and renters in Ontario! TRESA is here to enhance consumer protection, transparency, and professional standards in real estate transactions! ⁠ ⁠ 📅 

December 1st, 2023, marked a monumental change in real estate as legislative reforms transformed REBBA (Real Estate and Business Brokers Act) into TRESA (Trust in Real Estate Services Act). ⁠ ⁠ 

✅ Tailor-Made Client Focus: With new designated representation agreements, multiple representations will become fewer. This will help agents focus on their client’s needs in a completely different way, with a new level of personalized service. 🤝💼⁠ ⁠ 

✅ Bye Bye Customers, Hello Clients! No more in-between: With the introduction of self-represented parties, any buyer, seller, landlord, or tenant can choose to act either on their own or have an agent in their corner who will offer their expertise, judgment, and skill. 🤔🤝⁠ ⁠ 

✅ Offer Transparency: If a seller agrees to it, it is now possible to share offer details! Buyers can choose to share, sellers can still opt for “blind bidding” if they wish. 🔍💡⁠ ⁠ 

✅ Clear Communication: All information and disclosures will need to be written in plain language to avoid any confusion or hidden details! 📝🔍⁠ ⁠ 

✅ RECO Information Guide: A new mandatory guide will provide knowledge and transparency in any real estate transaction. 📘🔍⁠ ⁠ 

✅ Shining a Spotlight on Ethics: The Code of Ethics transforms, putting a spotlight on values like trust, integrity, and responsibility. There's no denying the timeliness of this upgrade! ⁠ ⁠ 

Ready to explore the comprehensive changes brought by TRESA? Dive into our exclusive video series highlighting all the significant updates that now apply to every real estate transaction. Stay ahead in the evolving real estate landscape!

More questions? Do not hesitate to give us a call at (613) 791-7760! We are always here to help you navigate the market and make sure that you are up to date with any changes.