RECO’s submission to government REBBA review consultation
In late-January 2019, the Ontario government launched a consultation on possible changes to the Real Estate and Business Brokers Act, 2002 (REBBA). In the last two decades since REBBA was last reviewed, the real estate market has changed dramatically. Reviewing the legislation is a positive step towards ensuring that REBBA is in-line with the realities of today’s market.
As part of the consultation, both consumers and members of the industry were invited to submit their feedback.
A few highlights from RECO’s submission include:
- Standardized and simplified documents for consumers
- Changing how “customer” is defined
- Changes to multiple representation
- Giving the Discipline and Appeals Committees the ability to suspend or revoke registration
Click here to read RECO’s submission.