#timhudak

The Trust in Real Estate Services Act was 2019 (TRESA) has officially passed and the new rules will now reflect today's changing housing market. TRESA is excellent news for realtors, their clients, and Ontarians. This new act will enhance professional standards, create a more fair and efficient business environment, and better protect consumers dealing with those who trade in real estate in Ontario, including realtors. Tim Hudak, OREA CEO, said, "By strengthening consumer protection and fixing the broken real estate discipline system, the Government of Ontario is showing Realtors and home buyers and sellers that it is on their side." Have questions about this or real estate? Call Mike Bolger at (519) 616-2656. http://bit.ly/2XZzD0F

Interesting opinion article from Tim Hudak CEO of the OREA. Tim talks about the new rules that are in the works for real estate. Our province stands to become a leader in North America when it comes to professional standards, consumer protection and fair practices for a modern real estate market. The new real estate rules are also going to ensure we have some of the fairest practices in North America. For example, the province suggests banning the use of what’s called “escalation clauses” or language put into sales agreements that automatically drives up bids when more than one buyer is interested in a home. These clauses pose serious risks to consumers since they can expose buyers to financial risk. What do you think? Is this going to make things better? http://j.mp/2WdcYAu

Look who stopped by our Queen West Office! Former politician of Ontario Canada 🇨🇦 and the current CEO of #ontariorealestateassociation #timhudak (at Bosley Real Estate Ltd)