Understanding TRESA and How It Impacts Your Real Estate Transaction

Effective December 1, 2023: The Trust in Real Estate Services Act (TRESA)

The Trust in Real Estate Services Act (TRESA), effective December 1, 2023, introduces new regulations governing real estate transactions in Ontario. This law outlines how real estate services are provided to buyers, sellers, lessees, and lessors. Under TRESA, individuals can either represent themselves in real estate transactions or work with a licensed brokerage.

What TRESA Means for Buyers and Sellers

• Real Estate Representation: Under TRESA, you must either engage a licensed real estate agent or represent yourself in real estate transactions.
• Self-Directed Sellers and Buyers: If you choose to sell or buy For Sale By Owner (FSBO) or without full brokerage representation, be aware that TRESA limits the services a brokerage can provide to self-directed parties.

TRESA: Brokerage Services for Sellers and Buyers

At Toronto Real Estate Realty, we are committed to providing exceptional real estate services that comply with the updated TRESA regulations. We focus exclusively on clients, ensuring you receive the full protection and service you deserve. Here’s what that means:

• Sellers: We provide comprehensive listing services for properties under Mere Posting and full-service brokerage options, depending on your needs. Our team will guide you with tailored Mere Posting marketing strategies to give your property maximum exposure on MLS®, Realtor.ca, and other real estate platforms.
• Buyers: Whether you’re looking for investment properties or your next home, we offer expert advice and support, ensuring you make informed decisions in line with TRESA’s new rules.

Custom Commission and Fee Plans for Real Estate Transactions

At Toronto Real Estate Realty, we offer a variety of commission and fee plans designed to meet the needs of both buyers and sellers. Whether you’re looking for a full-service listing or a Mere Posting option, we have flexible plans that fit your budget and requirements:

• Custom Mere Posting Commission Plans: If you’re considering a Mere Posting for selling your property, we offer customized commission plans designed to enhance visibility and support throughout the selling process. Our services include:
  • Market analysis and pricing strategy
  • Personalized marketing tailored to your property
  • Scheduling showings with agents and buyers
  • Managing offers and paperwork

How Our Brokerage Supports FSBO and Mere Posting Sellers

For sellers choosing the Mere Posting route, we provide comprehensive services to help you get the most from your listing:

• Mere Posting Listings: We list your property on the MLS® system, Realtor.ca, and our own brokerage website for maximum visibility.
• Strategic Marketing: We monitor local market trends and offer advice to ensure your property is competitively priced.
• Showings and Offers: We coordinate showings, manage offers, and ensure all paperwork is completed accurately.
• Flexible Services: If you need additional support, our plans are customizable to suit your needs.

Why Choose Toronto Real Estate Realty for Your Transaction?

Whether you’re a self-directed seller exploring the Mere Posting option or a buyer seeking expert guidance, we prioritize your interests. Our brokerage delivers tailored services that align with the latest TRESA regulations, ensuring compliance and maximizing results.

Contact us today to learn more about how Mere Posting listings, TRESA real estate laws, and our commission plans can help you succeed in your next real estate transaction.