TRESA : How it affects Home Buyers and Sellers in Ontario | Representation

TRESA How it affects Home Buyers and Sellers in Ontario | Representation

🏠 In this must-listen episode, we delve into the heart of Ontario's real estate transformation with the introduction of TRESA – the Trust in Real Estate Services Act. 🌟

🎙️ Join us as we break down the significant changes and what they mean for realtors, buyers, and sellers alike. Discover the historical journey from OREA's campaign in 2009 to TRESA's introduction in 2020, leading to its crucial Phase 2 updates in December 2023. 🕒

💡 Learn about the new clear-cut representation options - being a Client vs. a Self-Represented Party (SRP) - and how these choices impact your real estate experience. 🤔

🔍 We explore the benefits of working with an agent, the responsibilities and risks of navigating real estate transactions as an SRP, and the complexities of handling legal paperwork and negotiations. 📄

🤝 Hear about the innovative concept of Designated Representation, a solution to avoid conflicts in multiple representation scenarios, ensuring a fair and balanced approach for all parties involved. 🏘️

🎧 Whether you're a seasoned realtor or a first-time homebuyer, this episode offers invaluable insights into navigating the nuances of Ontario's evolving real estate landscape under TRESA.

📚 Don't miss our detailed analysis and professional advice that could make a significant difference in your real estate decisions. Tune in now and equip yourself with the knowledge to thrive in this new real estate era! 🌐

For more information you can check out or BLOG at https://www.realtybytes.ca/blog 

Evelyn Lopes | The Evelyn Lopes Realty Team | iPro Realty Brokerage
905-965-5902
[email protected]

EPISODE CONTRIBUTOR
Evelyn Lopes