Ontario government delays rollout of Phase 2 of TRESA

by | Mar 28, 2023 | Blog

The rollout of the next stage of Ontario’s Trust in Real Estate Services Act (TRESA) is facing delays. The second phase of TRESA, intended to replace the decades-old Real Estate and Business Brokers Act (REBBA), was scheduled to take effect on Apr. 1. It introduces new consumer protection measures and updated standards for real estate professionals in Ontario…Meanwhile, the Ontario Real Estate Association (OREA) shared in a press release on Mar. 24 that it is working with RECO and lobbying for the additional option in multiple representation scenarios.

Click here to read more.