REBBA Changed To TRESA: What This Means For Real Estate Agents & Students In Ontario, Canada

What are the major changes from REBBA to TRESA? REBBA, The Real Estate and Business Brokers Act is now TRESA, Trust In Real Estate Services Act. The changes to the new Act here in Ontario by RECO you have to know; both as a Real Estate Agent practicing in the field and a student in the Humber College Real Estate Program. In this video I’ll breakdown my biggest takeaways about what has changed to the new Trust In Real Estate Services Act here in Ontario, Canada. I really hope it helps! 😀👍

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Real Estate and Business are my passion but more than that just providing great client service. I started working with my partner in Real Estate late 2017 doing all of our lead generation, digital marketing, personal branding and follow up. I am now a Real Estate Broker working with eXp Realty. Using everything I have learned over the past years, plus with an always learning mentality I can really help people in Real Estate. With this channel and the YouTube community I'm hoping to meet some like minded people that I can hopefully connect with or maybe even do business with. 👍

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I am very grateful for all subscribers. Whether you're getting your Real Estate licence, Realtors, or just a friend or fan, thanks for watching! 😀

Timecodes

0:00 - REBBA Changing to TRESA
1:03 - Ontario Real Estate Code of Ethics - No Changes
1:15 - 1. A Client - No Changes
1:26 - 2. A Self Represented Party
1:42 - 3. What Is Considered Assistance?
3:13 - 4. RECO Information Guide
3:42 - 4b. Disclosure To Self Represented Party Form
4:05 - Sharing The Contents Of Competing Offers
6:51 - Phase 2 of TRESA Change
6:59 - When Are The Changes To The Humber College Real Estate Material
7:15 - Exam Master Mini Course

[CallumMoorekw]

*PINNED COMMENT* For Students In The Humber College Real Estate Program: Although I had got information the material & exams will start to change on April 21st 2023, that is not officially as of late. As of now, no changes yet on the Humber material or exams.

[CallumMoorekw]

▶ Exam Master Mini Course. Ontario Real Estate Exams 🇨🇦
✅ Use The Discount Link Below For 25% OFF
Value Link Above For All YouTube Supporters. 🙏

[rubyc]

Hi Callum, your videos have been extremely helpful in my journey with this program. In course 3, there’s the option to do facilitated review sessions. Have you done them before? Is it worth it? Fan of your work, keep it up ! 🏠

[sofiyar]

Thank you for the valuable information! In terms of the exams, I'm curious if the test remains with the same questions or will be updated by end of april.

[thepigeonfamily]

Hey Callum, I hope you can answer my question today since I have an exam tomorrow morning. When selling a high rise unit where would the agreement of purchase go? I have no idea about this and need to get info about it, does it go where the seller says? Or the condo manager determines that? Or what please let me know.

Thank you so much !

[Realm]

are these changes going to be on the real estate course 1 exam? because the course still uses rebba and has the old client vs customer service info.

[allenfletcher]

Sorry to counter your statements but I've been studying the new TRESA legislation & the client relationship IS changing... People could choose to be a Full Client or a Limited Client (both with options for Brokerage wide representation or Designated Representation). Then there would be a new category for Self Represented Party.

With the new forms being release soon, you may want to brush up on these so you can bring some clarity in your next video on TRESA legislation.