{"id":10206,"date":"2020-03-02T05:13:53","date_gmt":"2020-03-02T05:13:53","guid":{"rendered":"https:\/\/www.canadianrealestatemagazine.ca\/uncategorized\/trreb-welcomes-passing-of-tresa-and-benefit-for-realtors\/"},"modified":"2023-10-24T04:36:33","modified_gmt":"2023-10-24T04:36:33","slug":"trreb-welcomes-passing-of-tresa-and-benefit-for-realtors","status":"publish","type":"post","link":"https:\/\/www.canadianrealestatemagazine.ca\/market-update\/trreb-welcomes-passing-of-tresa-and-benefit-for-realtors\/","title":{"rendered":"TRREB welcomes passing of TRESA and benefit for Realtors"},"content":{"rendered":"<p>The news that  (TRESA) has been welcomed by one of the province\u2019s largest industry bodies.<\/p>\n<p>Toronto Regional Real Estate Board (TRREB) says that it will help enhance professional standards, create a more fair and efficient business environment, and better protect consumers dealing with those who trade in real estate in Ontario, including Realtors.<\/p>\n<p>\u201cThe real estate sector continues to be one of the most important parts of Ontario\u2019s economy, and real estate transactions represent the single biggest economic transactions that most people make in their life. It\u2019s important that we make sure the real estate sector is regulated in an efficient and modern way that allows Realtors and their clients; and the general public, namely home buyers and sellers, renters and business clients, to continue contributing to the growth of our economy and communities,\u201d said Michael Collins, <a class=\"wpil_keyword_link\" href=\"https:\/\/www.canadianrealestatemagazine.ca\/news\/ltt-hike-would-exacerbate-affordability-woes-trreb\/\"   title=\"TRREB\" data-wpil-keyword-link=\"linked\">TRREB<\/a> President.<\/p>\n<p>The board has been calling for reforms for many years and has been consulting with the current and previous governments.<\/p>\n<p>The proposed act includes:<\/p>\n<ul>\n<li>regulatory changes to enhance consumer choice in the real estate transaction process<\/li>\n<li>enhancements to ethical requirements for real estate professionals<\/li>\n<li>updates to the Real Estate Council of Ontario\u2019s regulatory and enforcement powers and changes to factors for eligibility for registration<\/li>\n<li>changes to treat real estate professionals fairly and allow them to operate more efficiently by incorporating<\/li>\n<\/ul>\n<p>\u201cWe always made sure that preserving consumer choice and consent, along with enhanced industry professionalism, remained central when proposing and discussing legislative improvements with the government. Furthermore, we are pleased to see business fairness being addressed by allowing all Realtors to run their businesses more efficiently by forming personal real estate corporations, if they so choose\u2014a tool that\u2019s available to Realtors in six other provinces and many industries in Ontario,\u201d said John DiMichele, TRREB Chief Executive Officer. \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The news that (TRESA) has been welcomed by one of the province\u2019s largest industry bodies. Toronto Regional Real Estate Board (TRREB) says that it will help enhance professional standards, create a more fair and efficient business environment, and better protect consumers dealing with those who trade in real estate in Ontario, including Realtors. \u201cThe real [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":26026,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts\/10206"}],"collection":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/comments?post=10206"}],"version-history":[{"count":2,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts\/10206\/revisions"}],"predecessor-version":[{"id":26025,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts\/10206\/revisions\/26025"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/media\/26026"}],"wp:attachment":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/media?parent=10206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/categories?post=10206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/tags?post=10206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}