Though amendments to the legislation are scheduled to take effect April 1st, 2023, the government is currently considering additional amendments RECO recently recommended be included as part of Phase 2. If the government accepts this recommendation, it may cause a delay in the proclamation of the Phase 2 changes. The proposed amendments, which are supported by OREA, would provide more flexibility in how consumers and registrants choose to interact with each other, and would provide greater consumer options and protection, while maintaining options for brokerages.
LSTAR will host a free webinar on TRESA on April 4. To register follow this link.
