Better professional standards, incorporation for salespeople in new Ontario bill

Nearly 20 years after it was passed, the act governing Ontario’s real estate industry is getting an update. The government introduced the Trust in Real Estate Services Act, 2019 in the Ontario legislature on Tuesday.

Ontario’s new real estate act, if passed, will give the Real Estate Council of Ontario broader powers to crack down on bad conduct and to consider factors such as past conduct and the public interest when determining registration eligibility. It will allow real estate professionals to incorporate. During the negotiations for a sale, it will permit salespeople to disclose details of competing offers if the seller agrees.

Read full story on REMonline.com

Author: bramptonrealestateboard

At the Brampton Real Estate Board (BREB) we believe in the ownership of Real Estate. Our objective is to contribute to the capability and growth of our members in their endeavors by marketing all forms of real property throughout the greater Brampton, Halton Hills and Caledon marketplaces and beyond. The Brampton Real Estate Board is dedicated to providing an environment in which it’s Member REALTORS®, employees, Board of Directors, and Committee volunteers are encouraged to grow, succeed and develop in order to provide the highest level of professional conduct and service. View all posts by bramptonrealestateboard