Tags Posts tagged with "Real Estate and Business Brokers Act"

Real Estate and Business Brokers Act

Scene in the Northwest: Portrait of John Henry Lefroy, a painting by Paul Kane.

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The histories of Ontario Land Surveyors and Ontario Realtors took similar paths in the early 1920s. The history of the Association of Ontario Land Surveyors began in 1892.

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Ontario Realtors are saying enough. We want to see a strong enforcement regime that deters unethical behaviour, penalizes the bad seeds and kicks offenders out of the profession.

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 “The real estate market has changed tremendously since 2002 when REBBA and its Code of Ethics were first introduced,” says Ettore Cardarelli, OREA president.

Ettore Cardarelli

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Ontario Realtors gathered for their annual conference in November, renamed to reflect OREA’s latest initiative: the Ontario Realtor Party, created to advance OREA’s advocacy efforts.

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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.

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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.  

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The Ontario Real Estate Association (OREA) wants to see an overhaul of the Real Estate Council of Ontario’s (RECO) mandatory continuing education (CE) program.

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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.”

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Real Estate Council of Ontario chair Mike Cusano asks, “Which elements of REBBA do you think should be updated? Are there changes that would make it easier for you to serve your clients better?"

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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.