They will be making a stop at 9am here at 60 Gillingham Drive!
A new report covers key findings on RECO’s Mandatory Continuing Education (MCE) program. CamProf Inc. gathered data on registrant sentiments, and developed recommendations for program enhancements. The report spells out RECO’s action plan for MCE, which includes:
- Implementing technology enhancements to provide access from tablets;
- Investigating opportunities to provide an in-class or virtual classroom option; and
- Looking at opportunities to make course content even more relevant and understandable.
2019 insurance collection launching soon
RECO’s annual insurance collection period will begin in early July.
The $465 payment is due by August 16, but why wait? Pay your insurance early to avoid stress as the payment deadline approaches.
RECO will send out an email notice once payment processing is open. Keep an eye on your inbox for updates, and be sure to check your spam folder in case emails from RECO are being filtered.
Are you interested in making an impact on the real estate industry? Humber College is seeking Real Estate Education Professionals to work as facilitators in the new Real Estate Salesperson Program.
REM Online: Improving RECO’s service standards
Registrar Joe Richer writes about RECO’s Service Standards Report Card.
RECO is striving to be a modern regulator, and providing helpful, timely services is critical. Our complaint timelines provide an interesting example: the Report Card sets a target of 120 days to process a complaint.
Initially, RECO was far behind that target, but after taking bold action, we now have a much more timely and efficient process. By the end of 2018, it took just 59 days to process a complaint, on average.
On June 26th, 2019, the Town of Caledon and Town of Erin hosted our Economic Update for Real Estate Professionals at the Brampton Real Estate Board office.
With over 50 in attendance, REALTORS® received information on Economic Development, Population Growth, Future/Strategic/Master Plan, Erin’s Wastewater, Transit, Planning Update 2031 and Beyond by Town of Caledon plus so much more. We would like to THANK both the Town of Erin and the Town of Caledon for providing us with informative and valuable information.
Please click on the link for the Towns presentations.
Maximize Your Listing’s Exposure with Alternate Feature Sheets
Are you trying to sell your client’s home?
Keep reading to discover how you can use an Alternate Feature Sheet to maximize exposure for your clients’ listings and have more control over how buyers view your listings in real time.
WHAT IS AN ALTERNATE FEATURE SHEET (AFS)?
An Alternate Feature Sheet (AFS) is a relatively new BREB service on listings.breb.org that allows listing salespeople to create a custom-branded compilation of listing data, photos and videos.
Adding an AFS to BREB’s public listings site, listings.breb.org, lets consumers view a custom web page for your listing, anytime and on any device.
HOW CAN I START USING AN AFS?
Adding an AFS to your listing is an easy one-step process. Simply paste the link of your custom-branded compilation, or in other words, your AFS, into the “Alt Feat Sheet URL” field in Stratus Add/Edit.
BREB’s public listings site will then recognize that you have provided a URL and will display your custom-branded web page in a new browser tab when the listing is clicked.
WHAT ARE THE ADVANTAGES OF USING AN AFS?
One great perk of adding an AFS to your listing is how it could help you sell your client’s property by sparking extra marketability and visibility to the public.
Plus, the customizability of the AFS allows you to gain more control over how home buyers view your listing.
GO Transit service in Bolton extended
Sylvia Jones, MPP for Dufferin-Caledon, and His Worship Allan Thompson, Mayor of the Town of Caledon, today issued a joint statement announcing the temporary extension of GO Transit service in Bolton.
“This is great news for Dufferin-Caledon and all those who rely on Go Transit out of Bolton to access the Metrolinx system. The two bus routes will provide relief for all residents, from students to seniors, during their daily commutes,” said Jones. “Thank you to the Minister of Transportation, Caroline Mulroney, and the Associate Minister of Transportation (GTA), Kinga Surma, for working with Mayor Thompson and myself to find a solution.”
“This is a vitally important service in Caledon,” said Mayor Allan Thompson. “Whether for school or business, to get to work or to a medical appointment, for many Caledon residents this is their only mode of transportation to and from the GTA. I’m grateful to my colleague Sylvia Jones for her involvement in this issue and the province for listening to our concerns and responding so quickly. We look forward to working with Metrolinx to find a long term solution that helps us meet the needs of our residents.”
Route 38 bus service will operate for a limited time until January 2020. Starting on July 2, 2019, Customers in Caledon and Brampton will be able to take buses that will connect with Toronto-bound Kitchener line trains at Malton GO Station at 6:46 and 7:46 a.m. Return trip buses will meet afternoon trains at Malton GO departing Union Station at 3:35 and 5:27 p.m. All existing stops along the route will be maintained.
Visit GOTransit.com/servicechanges for a complete overview of the changes and alternate trip options.
Michael Johnson, Constituency Assistant
Sylvia Jones, MPP
Drop by Sylvia’s Constituency office:
244 Broadway, Orangeville, open Monday to Friday 9:00am-5:00pm
Our mission at OREA is to help all 78,000 Members succeed in building stronger communities.
That means providing products and services that make a difference to the business success of Ontario REALTORS®.
Services like over 200 OREA Standard Forms and Clauses that Individual Members used last year to complete 200,000 real estate transactions. Services like provincial government relations at Queen’s Park, where just this year, we fought for and helped pass the most pro-home ownership legislation in a generation in the More Homes, More Choice Act, 2019.
OREA’S ACTIVITIES AND RESERVES CONSULTATION
At the 2019 OREA Annual General Meeting of the Assembly (“AGM”), we told you that we were going to conduct extensive consultations with our membership on how we can strategically invest some of OREA’s reserves for the benefit of our Member Boards and grassroots Members.
We’re going to live up to that commitment by conducting our most extensive consultation process to date, ensuring we engage as many Members as possible on how to strategically invest OREA reserves in a thoughtful, prudent way.
This consultation will include numerous opportunities for Boards and Members to provide feedback on a broad list of ideas, that were reviewed just last week at OREA’s summer Board of Directors meeting. This list includes a potential dues reduction, expanded government relations programming, enforcement of professional standards, province wide data sharing and enhanced continuing education for REALTORS®.
The list of ideas is based on discussions we’ve had with Boards across the Province, a review of activities by other provincial and state associations, advice from Past Presidents and interviews with 40 representatives from the real estate industry.
This opportunity is a result of the success of OREA’s Real Estate College, prudent planning and cost management. In just the first four months of 2019, our College registered over 45,700 students – a 67% increase compared to the same period last year and 141% higher than our projections.
We have been and are continuing to work with our tax and legal advisers to ensure we take the appropriate steps as we work through this process, consider best practices in the industry, ensure that we act within the framework of OREA’s constitution, and do not put our status as a tax-exempt not-for-profit corporation unduly at risk. This includes a thorough review of the planned use of OREA’s resources, particularly in the post-College period to ensure that its reserves are supportable and reasonable when taking into consideration OREA’s corporate purposes and currently enacted income tax legislation and applicable corporate statutes.
The unanticipated success of our College and effective cost controls have built up our reserves in the amount of $53 million at the end of 2018 and this year’s sharp unprecedented increase in enrolments will further increase our ability to use some of the funds from our reserves for other activites/member programs.
OREA’s consultation is going to be a transparent and open process.
That’s why we’re sharing the OREA Board’s criteria for evaluating reserve fund ideas going forward. They include:
· Impact: offering provides clear substantial net benefit to a critical mass of Members with consideration to measures that serve to help under-represented segments feel the full value of OREA membership.
· Industry: offering is in the long-term interests of the industry and the profession.
· Sustainability: the offering is financially sustainable over the long-term.
· Partner Support: Member Boards and other key partners align on the value of the offering.
· Core business and competencies: the offering is aligned with OREA’s core business and its existing (or readily accessible) competencies and capabilities.
Ultimately, what to do with some of OREA’s reserves is a decision that will be made by the OREA Board of Directors, after evaluating all member feedback and in accordance with our obligations as a not-for-profit corporation.
Here are the next steps in our process:
· Over the next few weeks OREA leaders will be reaching out to Board Leaders to discuss the consultation process and gather your feedback;
· This Fall, the OREA Board of Directors will meet to discuss a broad list of ideas and decide which ones will move forward for additional consultation with Members;
· The extensive consultation process will feature a multi-channel approach to gather feedback from across our profession; and
· Finally, staff will assemble all feedback and report back to the OREA Board of Directors for final approval of those ideas/initiatives that will move forward.
Thank you and I look forward to working with each and every one of you as we put some funds from our reserves to work for our 78,000 Members across the Province.