Back to Blog March 25, 2024

Tresa A Win-win For Everyone Involved

Barbara Lawlor

The “Trust in Real Estate Services Act” (TRESA) is a great name for the legislation that now governs how real estate agents and brokerages can operate in Ontario. Our business is based on engendering trust when it comes to representing clients, whether they are purchasing resale or new construction. TRESA has replaced the Real Estate and Business Brokers Act (REBBA) to build on our already established trust.

Phase 2 of TRESA took effect on December 1, 2023. In addition to a streamlined Code of Ethics, it includes enhanced professional standards. Plus, realtors must provide consumers with a new information guide, which is available at www.reco.on.ca

REBBA, and now TRESA, have made Ontario a leader in North America in professional standards for real estate professionals. In the long run, these higher standards for agents and brokers are bound to improve the market, with potential purchasers having more confidence in us.

The markets are starting to pick up, so this new standard has come at an ideal time. There will be a third phase of TRESA in the future. For more information, visit www.orea.com/tresa

Register Now

Subscribe today

Enter your email address to follow this
blog and receive notifications of new
posts by email.