On June 21, 2018 a Brokers of Record / Managers meeting was held at McMaster Innovation Park. With 31 people in attendance, there were several engaging and informative discussions that took place, and below is a summary of the topics discussed:
Electronic Lock Boxes
Nearly 600 responded to the recent RAHB survey on electronic lock boxes, and the results of the survey were split 49.7 per cent in favour, and 50.3 per cent opposed. Brokers of Record and Managers provided insightful discussion and questions surrounding professionalism, personal and property security, and usage metrics related to electronic lock boxes. No decision has been made regarding pursuing electronic lock boxes, and the CEO and Board of Directors will take the input provided into consideration as they continue their examination of electronic lockboxes.
Candidates for the Board of Directors
There are expected to be six vacancies on the Board this year. The nomination committee is working towards securing hopefully over 10-12 candidates with a blend of appropriate experience and expertise. Please be sure to review the information found within your weekly NewsReal newsletter, on News & Alerts (Matrix), and within the member Facebook group and consider applying yourself and encouraging qualified colleagues to do so.
Proper Use of Form 801
Discussions occurred that although Form 801 should be presented with an offer, it is not required in order to register an offer.
Commission Cheques to Cooperating Brokers
Discussion also occurred around RAHB Rule & Regulation Section 11 – Broker Commission, Subsection 11.07 that states any commission is due and payable to the co-operating brokerage within five (5) business days of receipt of the commission by the listing brokerage.
The Brokers and Managers also talked about advertising guidelines that fall under RECO’s mandate. Note that infractions related to the MLS® trademark fall under CREA’s jurisdiction, and if received they are dealt with promptly.
A communication was sent to members on June 26, and posted on the RAHB blog at https://blog.rahb.ca/?p=22622, regarding the City of Hamilton sign bylaws. Additional information and education will be provided regarding sign bylaws within the City of Burlington and outlying areas.
Data Sharing Update – Connect
As of Friday, July 13, RAHB has disabled several inactive/icons from RAHB’s Connect page as we have confirmed that several boards no longer upload their listing information into the Connect system. The move was made to ensure our members receive correct information. For full details, please visit our blog at https://blog.rahb.ca/?p=22742.
Please note we are in on-going discussions with each of those no longer participating to try to ensure an alternative method is put in place as soon as possible to continue sharing across the province.
Ontario Standard Lease
Discussions took place regarding the legal liability and the requirements of the Ontario Standard Lease form. REALTORS® have a legal obligation to ensure their clients are fully protected and using the new forms.
If you have any questions regarding any of the above topics/discussions, please contact RAHB at 905.529.8101.