Dear OREA Member:
Yesterday, OREA CEO Tim Hudak and I penned an opinion-editorial that appeared in the Toronto Sun. It’s a bold piece and I’d like to take this opportunity to give some background on it.
During my first four months on the job as President at OREA, I’ve spoken with hundreds of REALTORS®. The most common message I hear from members is that they’re angry at the stories of a few individuals in our business who are abusing the trust of their clients. We’ve all seen the media reports and quite frankly they are becoming too regular of an occurrence.
Something needs to change. As your President, I refuse to allow the actions of a few erode the public’s trust in us all. So, your Association is taking action. We are fighting back against bad actors and working to raise the bar across the profession.
That’s why we penned the opinion editorial and it’s why earlier this year we took a plan to Premier Wynne to modernize the Real Estate and Business Brokers Act, 2002 (REBBA). She agreed and the government has launched the first review of REBBA in its 15-year history – a significant accomplishment.
The review is a two-phased process. The first phase will focus on the issue of multiple representation and conclude in the Fall of 2017. The second will involve a complete rewrite of the Act.
Because we led the call to launch the review, OREA is at the table advocating for big changes to the Act to strengthen it in four key areas: education, continuing education, the Code of Ethics and fines/enforcement. Areas we can all agree are in desperate need of a rewrite to strengthen the industry.
As part of the review, I’m happy to announce that, in the coming months, OREA will be launching a comprehensive consultation with Ontario REALTORS® on a new REBBA. The consultation will be an opportunity for members to help shape the future of our profession.
These are exciting times for Ontario REALTORS®. I am proud that we are leading the charge for higher professional standards and I look forward to working with every one of you on this important endeavour.
If you have questions or comments, please don’t hesitate to email me President@orea.com
2017 OREA President