Holiday Closure
The OREA office will close for the holidays at 12 p.m. Tuesday, December 24th. Normal business hours will resume on Thursday, January 2nd. Happy Holidays!
Holiday Closure
The OREA office will close for the holidays at 12 p.m. Tuesday, December 24th. Normal business hours will resume on Thursday, January 2nd. Happy Holidays!
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TRESA Resources & Guidance
Trust in Real Estate Services Act (TRESA)
As of December 1, 2023, the Trust in Real Estate Services Act (TRESA) replaced the Real Estate and Business Brokers Act (REBBA), making Ontario a North American leader in professional standards for real estate professionals. Work on the third and final phase of TRESA implementation is currently underway.
TRESA Phase 3
Buying or selling one’s home deserves the expertise of a REALTOR® with the highest professional standards. OREA has developed extensive resources to assist Members with the transition to TRESA, including videos, practical guidance pieces, and updated OREA Forms.
Understanding TRESA
Learn more about TRESA Phase 2 and what the legislation means for Ontario REALTORS®:
Forms Knowledge Hub
Visit The Hub, a space where you can get answers to all your Standard Forms questions and learn how to implement TRESA changes into your day-to-day business. Browse the guidance pieces for information on hot new topics and get answers to frequently asked Forms questions. We’re always adding new information, so be sure to check back often.
TRESA Resource Center
The OREA team regularly updates resources to ensure REALTORS® have the tools they need to succeed. These resources help you understand how TRESA Phase 2 regulations impact your daily business.
Resources
These exclusive Member resources provide an overview of the updated OREA Forms that reflect TRESA Phase 2.
Resources
These exclusive Member resources provide an overview of the updated OREA Forms that reflect TRESA Phase 2.
All OREA Forms can be found on the Standard Forms webpage. For additional details about TRESA’s impact, visit The Hub.
Webinars
OREA webinars feature TRESA subject matter experts who provide comprehensive reviews of the legislation and practical guidance to help ensure success.
Webinars
OREA webinars feature TRESA subject matter experts who provide comprehensive reviews of the legislation and practical guidance to help ensure success.
For further insights into how TRESA impacts your business and how to adapt effectively, see our “TRESA in 2” video series.
News
For the latest updates on TRESA and what’s to come, browse the articles below. Be sure to check back regularly for additional updates.
News
For the latest updates on TRESA and what’s to come, browse the articles below. Be sure to check back regularly for additional updates.
Press Release
New OREA Whitepaper Offers Bold Policy Recommendations to Raise the Bar for Ontario Real Estate
October 29, 2024
Today, the Ontario Real Estate Association (OREA) released its latest whitepaper, Continuing to Raise the Bar for Real Estate in Ontario, as part of its continued effort to make Ontario a leader in North America when it comes to professional standards in real estate.
Media Statement
OREA CEO Tim Hudak Statement on TRESA Phase 2 Implementation
July 31, 2023
The biggest financial transaction of one’s life – buying or selling a home – deserves the expertise of a REALTOR® with the highest professional standards.
Press Release
OREA Statement Regarding Auditor General Report on the Real Estate Council of Ontario
November 30, 2022
TRESA replaced the decades-old Real Estate and Business Act, 2002 (REBBA) and made Ontario the North American leader when it comes to professional standards, training, and modern tools for real estate professionals.
TRESA PHASE 3
TRESA PHASE 3
The Government of Ontario staggered TRESA implementation into three phases, withwork on the third and final phase of TRESA implementation is currently underway.
Although many of OREA’s key proposals were implemented during Phase 1 (October 2020) and Phase 2 (December 2023), there is still work to be done during Phase 3.
With Phase 3 on the horizon, OREA’s latest whitepaper, Continuing to Raise the Bar on Real Estate in Ontario, offers nine bold policy ideas building off our previous recommendations and aimed at improving consumer confidence with increased protections, raising the bar on REALTOR® education and professionalism, and deterring bad behaviour through stronger penalties.
READ NOW →The Path to TRESA
The Path to TRESA
OREA began lobbying the Ontario Government in 2009 with the goal of modernizing legislation for the real estate profession. In 2020, TRESA was established to provide enhanced protection and offer more consumer choice, with Phase 1 regulations implemented in October.
On December 1, 2023, TRESA officially replaced REBBA, and the Government of Ontario implemented Phase 2 regulations. Work on the third and final phase is underway.
For more details on how we got here, visit The Path to TRESA page.
Reach Out
TRESA Questions?
OREA's REALTOR® in Residence Ray Ferris has answers! Whether you need clarification around the new offer process options, or have a question about how designated representation will work at your Brokerage, OREA has your back.
Get In Touch
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
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