Tags Posts tagged with "personal real estate corporation"

personal real estate corporation

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One of the most significant pieces of law affecting Realtors in Ontario received Royal Assent in March: the Trust in Real Estate Services Act, 2020 (TRESA), repealing and replacing the Real Estate Business and Brokers Act, 2002 (REBBA).

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Under the new rules, real estate professionals are now able to incorporate and be paid through Personal Real Estate Corporations (PRECs), like so many other professionals in our province.

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After years of lobbying for the right to incorporate, Realtors in Ontario will now be permitted to operate their business through a personal real estate corporation (PREC).