The Ontario Real Estate Association (OREA) is calling for a strengthened real estate education program in its third white paper, Working Towards Excellence: A Forward Looking Plan for Real Estate Registration Education.
OREA is commending the Ontario government for introducing real estate legislation that tackles conflict of interest situations and consumer confusion that can arise in the current multiple representation system.
Ontario Real Estate Association president Ettore Cardarelli says, “We need your feedback on these proposals because it will determine which ideas OREA takes to the government to improve our industry as a whole.”
The Ontario Realtors Pension Plus (ORPP), the plan “won’t cost Realtors a penny out of pocket,” says Jim Zaza of Zaza Financial Group. The money for coverage comes from tax savings from each agent’s personal pension plan.
The saga of the contorted definition of “real estate” continues. Section nine of REBBA continues to be a trap for the unwary in which one individual is barred from receiving compensation while another enjoys a windfall.
Recently an Ontario court was asked to consider, for the first time ever, whether the sale of a licence is captured by REBBA. In other words, does someone need to be registered under REBBA to demand a commission?
REM (Real Estate Magazine) is Canada’s premier monthly magazine for real estate professionals. REALTORS®, real estate agents, sales representatives, brokers, owners, administrators, and other real estate industry stakeholders read REM every month for news, analysis, and commentary on Canadian real estate.
REM is independently owned and operated, and is not affiliated with any real estate association or board.