Jan 10, 2012 | CREA/OREA/RECO News |
The OREA Standard Forms Committee works continually to make sure its forms are relevant and current. The 2012 OREA Standard forms (pdf format) are now available. Form 141 – Assignment of Agreement of Purchase and Sale – Condominiums is new, and several forms have been revised. To see a complete list of all the Standard Forms updates for 2012, download the 2012 Standard Forms Summary of Changes, from the OREA Website. WEBFormsâ„¢ and NCR forms will be available in January 2012.
Feb 7, 2011 | CREA/OREA/RECO News |
RECO will be launching a consumer focused website in March and will be moving the bulk of industry-focused information to MyWeb, the exclusive portal for those registered with RECO. RECO’s goal is to encourage more registrants to use MyWeb as an information source and to conduct online registration renewals and make insurance payments online, reducing paper and increasing efficiency.
Contact RECO for more information.
Feb 7, 2011 | CREA/OREA/RECO News |
Changes to Mortgage Rules – A message from CREA
As anticipated in CREA’s Call to Action, the government announced three loan financing changes designed to address concerns about increasing levels of household debt. The government announcement can be found at www.fin.gc.ca/n11/11-003-eng.asp. (more…)
Feb 19, 2009 | CREA/OREA/RECO News |
The monetary penalties called for in the 2008 legislation went into effect on December 30, 2008.
Violations are classified by the Regulations as “Minor”, Serious or “Very Seriousâ€, and carry maximum penalties accordingly. The Administrative Monetary Penalty (AMP) program also has maximum penalties for individuals and entities (e.g. corporations) as follows:
Minor (individual/entity): $1 to $1,000
Serious (individual/entity): $1 to $100,000
Very Serious (individual): $1 to $100,000
Very Serious (entity): $1 to $500,000
(more…)
Feb 15, 2009 | CREA/OREA/RECO News |
Now that we have passed the 31 day implementation “grace period” for the national Do-Not-Call List, a number of private companies are staging online or email promotions about services offered to help brokerages comply. These should NOT be confused with any requirement to subscribe to the national Do-Not-Call List.
(more…)
Feb 12, 2009 | CREA/OREA/RECO News |
The Canadian Real Estate Association (CREA) welcomes the federal government initiatives to stimulate economic growth outlined in the 2009 budget, especially those that will encourage home ownership in Canada. The association applauds the government for recognizing the economic importance of the housing industry in some of the budget measures. “The change announced to the popular Home Buyers’ Plan will help Canadians who want to own their own home, and do it in a responsible way that is not a major drain on taxpayers,” says the President of The Canadian Real Estate Association (CREA), Calvin Lindberg.
(more…)
