Teranet to offer home history information
Teranet, the exclusive provider of online property search and registration in Ontario, has announced a partnership with HomeVerified to offer national home and neighbourhood history information. Ontario’s 55,000 REALTORS® will benefit from the new tool to market and sell both a home and its neighbourhood. “The HomeVerified report provides consumers and real estate professionals with important information on Canadian homes, including photos, insurance claims history (sewer back-ups, fire damage, flood damage, burglaries, vandalism, etc.), a proprietary marijuana grow-op database, local school rankings, neighbourhood amenities and other information all laid out in an easy to read report”.
Go to http://www.newswire.ca/en/story/1103005/teranet-partners-with-homeverified-home-history-reports to view Teranet’s full press release.
The Ontario Real Estate Association (OREA) has been a long-time advocate for making it easier for REALTORS® to obtain all relevant information about a property or its history that could affect a person’s decision to buy.
For example, OREA’s Government Relations department is currently lobbying the Ontario government to create a province-wide Marijuana Grow Op (MGO)/clandestine lab registry using the Land Title System. Under this proposal, Ontario municipalities will be required to register remediation work orders on title of former MGO/clandestine lab properties. Licensed professionals (REALTORS®, mortgage lenders, etc.) who have access to this information will be able to protect consumers by ensuring that properties used as former MGOs/clandestine labs are known prior to the completion of the real estate transaction.