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TRESA explained

 

Phase 2 legislative reforms come into effect on December 1, 2023. The Real Estate and Business Brokers Act, 2002 (REBBA) will be renamed the Trust in Real Estate Services Act, 2002 (TRESA).

 

What does it mean to consumers?

The reforms to the legislation bring important changes for consumers and those trading in real estate in Ontario.

 

Changes in Representation

Changes in Representation agreements

A self-represented party – what does it mean

Customer relationships are not permitted

Number and content of competing offers

 

Have a question? Just ask

 

tresa explained ontario real estate

     Donna Bulika, BBA, MCNE*

     Broker

     *Master Certified Negotiation Expert

     FOREST HILL REAL ESTATE INC., Brokerage

     YORKVILLE

     28 A Hazelton Ave, Toronto Ont. M5R 2E2
Office: 416-975-5588
Direct: 416-797-6226
Fax: 416-975-8599

     Email: sold@donnabulika.com

 

Testimonial:

“Simply put, Donna is THE BEST! She is incredibly professional and has all the qualities that you could wish for in a real estate agent. She is knowledgeable, trustworthy, passionate, dedicated, reliable, and incredibly patient. She gave us sound advice and respected our opinions in the midst of a very unstable housing market, providing us with lots of reassurance. Even during times when we felt we would never find something that was right for us, Donna was encouraging, respectful of our limits, and very understanding of the difficult emotional decisions that buyers face. She was always in tune with our preferences and style, keeping the unique needs of our family a priority while helping us hunt down the perfect home. Donna has now helped us with the rental, purchase, and sale of 3 different properties and her dedication to clients is truly unparalleled. We would definitely recommend her to all our family and friends without any hesitation and will surely be going to her again!”

Victor T.

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