Real Estate Services Act. (« services immobiliers ») registrant means a person who is registered in a registration category. The real estate services act (resa) requires that all individuals or companies who provide rental property management services, unless specifically exempted, obtain licensing.
The regulations specify the criteria that define a personal real estate corporation (prec) and conditions necessary for a prec to be exempt from registration requirements under the real estate and business brokers act, 2002; The real estate and business brokers acts is the legislation regulating the individual brokers and businesses registered to trade in real estate in ontario, canada.the most recent version, the real estate and business brokers acts, 2002, came into force in ontario, canada on march 31, 2006. For a special live townhall that will provide you with an update on the status of the trust in real estate services act, 2019 (tresa) and what it means for realtors® across ontario.
Application of act 2 (1) this act applies to every person who provides real estate services to or on behalf of another for or in expectation of remuneration.
What you need to know. The ontario government has passed the trust in real estate service act, 2019 (tresa), and was announced at the ontario real estate association’s reality conference and agm by new orea president sean morrison. The real estate services act (resa) requires that all individuals or companies who provide rental property management services, unless specifically exempted, obtain licensing. The 2002 real estate business brokers act (rebba) is being renamed the trust in real estate services act.