Tags Posts tagged with "personal real estate corporations"

personal real estate corporations

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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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The OREA board landed on four bold, new ideas. Before we greenlight these programs, we want to hear from our members one last time about which new services will provide the greatest benefits.

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Entrepreneur James Zaza says that now personal real estate corporations are about to be an option in Ontario, Realtors should review their health and pension benefits.

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Let’s dispel the myth about registrant complaints: we assess every complaint we receive, and we provide the same investigative effort regardless of who contacts us.