On February, Bill 145, the Trust in Real Estate Services Act (“TRESA”) passed unanimously in the Ontario Legislature. TRESA still needs final proclamation and certain sections require supporting regulations before officially becoming a law.
It adopts over 20 OREA recommendations, including:
- Adopting specialty certifications;
- Stopping a ban on multiple representation;
- Strengthening the real estate discipline system;
- Blocking a mandatory auction offer system; and,
- Permitting personal real estate corporations (PRECs).
The Minister of Government and Consumer Services has also committed to changing regulations under REBBA to allow members to use REALTORS® or “real estate agent” in their advertising
I didn’t know there was a ban on multiple representation?? Maybe I misunderstand.
Good afternoon Ingrid,
The Province was potentially looking into banning multiple representation because there is currently a ban in British Columbia. TRESA is ensuring that there will not be a ban on multiple representation in Ontario in the future.
Good Morning Caitlin
When they say “Multiple Representation” I seem to keep hearing that interchanged with “double ending”.
Does this mean the brokerage will not be able to represent both parties but can still double end as long as it’s providing customer service to at least one of the parties?
Tx, Craig
Good afternoon Craig,
“Multiple representation” is also known as ‘double-ending’. The below information can be found on the OREA Blog:
3. MULTIPLE REPRESENTATION (OREA Recommendation)
Bill 145 does not propose any changes to multiple representation. Ontario consumers will continue to have the right to work with a real estate professional of their choosing.
OREA Analysis: OREA was concerned that the Province was going to restrict or possibly ban the practice of multiple representation. This would have hurt consumers and real estate professionals, especially in smaller rural areas in Northern Ontario. The Province supported our position and is looking at providing the Real Estate Council of Ontario (RECO) with the authority to mandate additional disclosures as part of the multiple representation process.
Additional information can be found at https://www.oreablog.com/index.php/15303/”