The Ontario government launched a consultation on a broad range of possible changes to the Real Estate and Business Broker Act, 2002 (REBBA). The government is seeking feedback in many areas, including multiple representation, transparency in the offer process, and salesperson incorporation.
RECO encourages all brokers and salespeople to participate by reading the government’s consultation paper and submitting comments. Click here to read the paper.
Updating REBBA will ensure that the legislation keeps pace with the evolving real estate marketplace. To learn about RECO’s position on REBBA reform, check out Proposals for REBBA Reform.
The government will be accepting feedback until March 15, 2019.
For more information about the consultation process, please see the Ontario government’s news release.