Meeting Register Page

LSTAR Webinar Series re: The Trust in Real Estate Services Act: What You Need to Know with Ray Ferris

The Government of Ontario has delayed the April 1, 2023, in-force date of the Trust in Real Estate Services Act, 2002 (TRESA), 2020 Phase Two legislative and regulatory changes to assess a proposal to further enhance consumer protection and offer more consumer choice. This 90- minute virtual presentation focuses on the key points that registrants will need to know. This session will cover all phase two regulations that will come into force including:

• A new principle-based Code of Ethics
• Enhanced disclosures
• Elimination of the “Customer” relationship
• The barrier to open offers will be removed, giving sellers the
option to use an open offer process
• Mandatory “Information Guide” for consumers
• Updated regulatory powers will be updated, allowing
assessors to issue financial penalties (administrative
penalties)
• Designated Representation

Apr 4, 2023 11:00 AM in Eastern Time (US and Canada)