Personal Real Estate Corporations (PREC) and Advertising Terms
October 7, 2020
The Ontario Government has introduced new and amended regulations to the Real Estate and Business Brokers Act, 2002 (REBBA), dealing with personal real estate corporations, expanding the terms that brokers and salespersons may use to describe themselves in advertising, and replacing references to “commissions and other remuneration” with “remuneration.”
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