Tax Fairness for Real Estate Professionals

The 2nd reading debate on the Tax Fairness for Real Estate Professionals Act, 2018 will be held at Queen’s Park on October 18 from 12 – 4 p.m. The bill, if passed, would permit personal real estate corporation (PRECs) in Ontario.
OREA is encouraging REALTORS® to attend and demonstrate how important this bill is to grassroots members. OREA is also offering a free lunch served in the legislative dining room of Queen’s Park and will cover your travel expenses if you attend.
If you would like to attend, please e-mail Wendy Stewart or call at 905.529.8101 x295 by Wednesday, October 17.
0 0

CREA Redesign of REALTOR.ca

On October 17, 2018, CREA will release a completely new redesign of REALTOR.ca.

In addition to visual enhancements on both the desktop and mobile site, the release will include the following changes:

  • An optimized and refined search experience which includes:
    • More prominence for the most used search fields;
    • Complete removal of all sub-areas;
    • A “Type-Ahead” feature on the location field for recent searches;
  • School catchment areas are now displayed on the map.
  • New top level navigational to help users’ better access the tools they need;
  • New financial calculators;
  • Addition of REALTOR® and brokerage images on listing cards;
  • Improvements to CAPTCHA handling.

This scheduled event will take place between 6 a.m. and 4 p.m. and is not expected to impact users connections.

0 0

RAHB @ CREA PAC Days

From September 30 to October 2, RAHB was in Ottawa for CREA’s Political Action Committee (PAC) Days. RAHB President Jack Loft, RAHB CEO George O’Neill, Government Relations Chair Nicolas von Bredow, Government Relations Vice-Chair Margaret Reid, and RAHB Manager of Communications & External Relations Wendy Stewart heard several informative speakers discuss housing and the issues affecting affordability. These speakers included:

  • The Honorable Joe Jordan, former Parliamentary Secretary to the Prime Minister and Senior Associate at Bluesky Strategy Group
  • Perrin Beatty, President & CEO of the Canadian Chamber of Commerce who spoke on USMCA
  • David Colletto, founder partner of Abacus Data who presented data from a millennial survey. (More information about this survey can be found at http://abacusdata.ca/housing-affordability-is-the-top-issue-for-millennials-who-are-looking-to-achieve-the-dream-of-homeownership/)
  • PAC Days Media Panel, consisting of Chantal Hebert, Don Martin and Rob Russo
  • MPs Karen Vecchio and Roger Cuzner
  • The Hon. Andrew Scheer, Leader of the Official Opposition
  • The Hon. Jean-Yves Duclos, Minister of Families, Children and Social Development
  • Political Pundit Panel, consisting of Kathleen Monk, Tim Power and Lisa Kinsella

CREA also presented two major recommendations/asks that PAC reps were to address with their MPs during meetings scheduled in Ottawa:

  1. Increasing the First Time Home Buyers’ Tax Credit from $750 to $2,500
  2. Evaluating policies that affect home ownership, i.e. consider the stress test in a regional perspective

For more information on these recommendations/asks, as well as resources for if you speak with your MP, please click on the buttons below:

Brochure for MPs FAQs for Recommendations/Asks

The meetings with three of RAHB’s MPs (Bob Bratina, Scott Duvall and David Sweet) went very well, with each MP being supportive of the recommendations and asks. Mr. Sweet went so far as to recommend that the First Time Home Buyers’ Tax Credit be increased to $5,000.

Unfortunately, RAHB reps were unable to meet with the other MPs who represent RAHB’s market area due to scheduling conflicts:

  • The Hon. Karina Gould (Burlington)
  • David Christopherson (Hamilton Centre)
  • The Hon. Filomena Tassi (Hamilton-West – Ancaster – Dundas)
  • The Hon. Lisa Raitt (Milton)
  • Diane Finley (Haldimand-Norfolk)
  • Dean Allison (Niagara-West)

RAHB will continue to reach out to our MPs over the next year as we lead into the next federal election, and we encourage RAHB members to do the same. If you have any questions about CREA’s PAC Days or the resources above, please do not hesitate to contact Wendy Stewart at wendys@rahb.ca.

0 0

New RAHB Stats Package Coming Soon!

RAHB’s monthly stats package will soon have a new look! Thanks to the feedback we received from the RAHB Statistics Survey and the work of the Statistics Task Force, we will be offering members an updated, comprehensive package of statistical information that will include the most-used features of our current package plus additional information and new area breakdowns.

One of the additions will be CREA’s Home Price Index, or HPI. This new tool shows long-term trends for different housing types and will provide valuable data down to the neighbourhood level.

Learn more about the HPI by viewing CREA’s video and watch for more information about the new statistics package in the coming weeks.

 


The name of the winner of the $25 Tim Horton’s gift card has been drawn, and we will soon announce the members name.

 

0 0

Reminder: Webforms®

CREA WEBForms® Updated – Please note that CREA will be discontinuing the “Classic” version of WEBForms® on Thursday, August 9 – the date has been changed from August 8, as reported earlier.

0 0

Get Familiar with the New WEBForms®!

CREA will be discontinuing their “WEBForms® Classic” version as of Wednesday, August 8, 2018.

To prepare for the change to the new version of WEBForms®, why not begin using the new version now?  It’s easy to get to the new site: when you go to WEBForms® Classic, you will see this notice – just click on the red button that says Try the new version of CREA WEBFORM® now! and you will be redirected to the site.

0 0

New on REALTOR.ca – School Catchment Areas

Beginning this week (July 30, 2018), CREA will be adding school catchment areas to the neighbourhood info on REALTOR.ca. You will be able to find the catchment area by selecting a school name from the school list in the neighbourhood section of a listing advertisement on REALTOR.ca. Catchment area is one of the most requested features for REALTOR.ca from both REALTORS® and consumers.

This change will be rolled out over two releases; the Hamilton area is in the first release scheduled for the week of July 30.

CREA’s scheduled rollout is:

The first release will cover the catchment area in these areas:

Toronto, Montreal, Vancouver, Calgary, Ottawa-Gatineau, Edmondton, Quebec, Winnipeg, Hamilton, Kitchener-Waterloo, London, St. Catharines-Niagara, Halifax, Oshawa, Victoria, Windsor, Saskatoon, Regina and Sherbrooke.

On August 30, the second release will cover:

St. John’s, Barrie, Kelowna, Abbotsford-Mission, Sudbury, Kingston, Saguenay, Trois-Rivieres, Guelph, Moncton, Brantford, Saint John, Peterborough, Thunder Bay, Lethbridge, Nanaimo, Kamloops, Belleville, Chatham-Ken, Fredericton, Chilliwack.

0 0

Become Familiar with the New WEBForms®!

CREA will be discontinuing their WEBForms® Classic version as of Wednesday, August 8, 2018.

To prepare for the change to the new version of WEBForms®, why not begin using it now?  It’s easy to find the new site: when you go to WEBForms® Classic, you will see the notice shown below – just click on the red button that says Try the new version of CREA WEBFORMS® now! and you will be redirected to the site.

 

 

Note: This article was updated on July 18 to reflect the new date of August 8 for the discontinuation of WEBForms® “Classic”.

0 0

OREA Launches New Forms Tutorials

OREA has just launched a new tutorial series to provide you with a practical guide to using OREA Standard Forms and Clauses.

These new tutorials are designed to be relevant and informative, with tips you can apply to your business immediately.

Now available is a two-part mini-series that drills down into specific areas of OREA Form 100 Agreement of Purchase and Sale.

Part 1 covers:
Deposit section information
Clause 1 – Irrevocability
Clause 3 – Notices
Confirmation of Acceptance section

Part 2 covers:
Property description
Clause 4 – Chattels Included
Clause 5 – Fixtures Excluded
Clause 6 – Rental Items
Clause 8 – Title Search
The Schedule, including clause structure and cautions

Be sure to check OREA’s Standard Forms landing page for new tutorials and other updated resources.

OREA Tutorials

 

Please note: all access to Standard Form resources is through member login.

 

0 0

Canada’s Do Not Call List – Know the Rules!

We have received the following information from the Canadian Real Estate Association (CREA):

The Canadian Radio-television and Telecommunications Commission (CRTC) continues to enforce compliance with the Unsolicited Telecommunications Rules or the National Do Not Call List (DNCL).  The DNCL includes consumer telephone numbers who have chosen to no longer receive marketing calls.

The DNCL was established in September 2008 and CREA has communicated requirements to its members on numerous occasions.  There have been several messages to Boards and Associations, News2Me articles, multiple blog posts and a full compliance guide is available on REALTOR Link® to help members understand their obligations.

It is important for brokerages to understand their responsibilities and ensure full compliance.  Failure to do so may result in significant financial penalties administered by the CRTC.  We encourage you to review the steps below and update your internal policies accordingly.

  • If a brokerage makes calls or sends faxes to consumers for the purpose of solicitation, the brokerage must register at http://go.pardot.com/e/94862/ind-insorg-regorg-eng/2x3rk6/201912085.
  • If a brokerage signs a contract with a telemarketing service provider to do telemarketing on their behalf, the brokerage must still register at http://go.pardot.com/e/94862/ind-insorg-regorg-eng/2x3rk6/201912085.
  • If a brokerage or their service provider conducts telemarketing, the brokerage must purchase a subscription for the area codes that will be called.
  • It is the responsibility of the brokerage to ensure its office has access to the most up-to-date version of the National DNCL and that those numbers are removed from the calling list.

The DNCL applies to brokerages as well as service providers.  We urge brokerages to exercise caution when hiring a third party service provider to assist in managing their telemarketing operations. Hiring a third party to manage a brokerage’s telemarketing operations does not absolve the brokerage of its DNCL responsibilities.  Each brokerage is responsible for calls made on their behalf, therefore, if the service provider does not abide by the law, the brokerage may be at risk, particularly if the CRTC launches an investigation.

For more information about the DNCL and members’ obligations, please consult CREA’s FAQs or contact us at info@crea.ca.

 

0 0

Registrar’s Concerns About Lockboxes and Security Outlined in Bulletin

A recently-published Registrar’s Bulletin addressed the proper use of lockboxes on listed properties, the permissions required from sellers, the expectations for protection of the seller’s property when a lockbox is in use and the importance of keeping up to date on technological advances and best practices when using lockboxes.

Be sure you are complying with the rules – read the full Registrar’s Bulletin here

Note:

RAHB’s also has rules and policies on the use of lockboxes and seller’s keys. They are found in the Rules & Regulations, Section 2 MLS® Listings, Subsection  2.17; Section 12 Trading Procedures, Subsection 12.07, and in MLS® Policies – Miscellaneous #16, as follows:

Section 2 MLS® Listings
2.17 Members shall ensure that lock boxes provided for the purposes of access to the property which is the subject of an MLS® Listing are set with a unique code for the security of their Seller’s property. Further, Members shall change the lock box combinations, as required during the course of the Listing to maintain reasonable security, and not use any preset manufacturers’ codes.

Section 12 Trading Procedures
12.07 With the knowledge and authority of the Listing Brokerage, keys or other entry systems may only be used by Members for the purpose of inspecting properties or showing properties. The making of duplicate keys from the one obtained, the action of failing to return the key to the Listing Brokerage within a reasonable time, or the turning over of the key or information on the entry system to any Person not authorized by the Listing Brokerage, is an unauthorized use. The member conducting the showing or inspection will remain on the premises during the entire period of access unless permission in writing has been obtained from the Listing Brokerage and will ensure that all security precautions are taken.

12.07a) Keys shall be re-deposited in a lockbox immediately upon exiting the property and the lockbox shall be properly secured.

12.07b) The member conducting the showing or inspection is solely responsible to ensure that all security precautions are taken prior to departing the property.

MLS® Policies – Miscellaneous
16.  Any member found to be in breach of Rules and Regulations, Section 2 – MLS® Listings sub-section 2.17 (lock box code) will be fined $50 for the first offence, and $200 for the second and any subsequent offence.

0 0