We have a once in a lifetime opportunity to change the legislation which governs your business.
The Real Estate and Business Brokers Act, 2002 (“REBBA”) has a huge impact on your day to day interaction with consumers, other registrants and countless other issues which influence your ability to work as a REALTOR®.
REBBA was passed 15 years ago. Ontario’s real estate market has changed a lot since then and REBBA needs to keep up.
As a result of some good lobbying by OREA, the province launched a full review of REBBA and committed to a consultation process this summer that is divided into two phases.
The first phase focused on the issue of multiple representation and has just wrapped up.
The government’s message on multiple representation was clear – they were reforming the system and wanted feedback on a proposal to introduce mandatory designated representation (MDR).
With just over 30 days to consult, research and draft a response, OREA’s REBBA Review Task Force brought forward a solution which supported MDR, provided it included the ability to enter into transactional representation. Read a copy of OREA’s submission on MDR here.
The second phase of the consultation is where the rubber really hits the road. All of REBBA is on the table and OREA has launched the most extensive member consultation in the association’s history to get the best advice on how to make it happen.
Between now and December, OREA will be publishing a series of white papers on four key areas – Enforcement, Ethics, Continuing Education and Registration Education.
Today, we released our first white paper – “Better Enforcement and a Regulator That Works”– which includes a series of bold policy proposals suggested by the REBBA Review Task Force.
We need your feedback on these proposals because it will determine which ideas OREA takes to the government.
Visit www.REBBAreform.ca today and help us strengthen the profession for tomorrow.
This is a once in a lifetime opportunity to shape the future of our profession, don’t let it pass you by.
2017 OREA President