TRESA - REPRESENTATIONS - YOUR CHOICES - COMMISSIONS

TRESA is the newer Real Estate Act which will be replacing REEBA. Under this New Act – there are simply 2 types of Agency and Representation any Brokerage can offer when representing a Buyer or Seller in any Real Estate Transaction – it is a Self-represented Party or as a Client

Self-Represented Party - Mere Posting

By being a Self-represented Party conducting a Mere Posting arrangement a seller can sell his own property on the MLS – but without any additional support from the Brokerage.

When the seller is a Self-represented Party, the Realtor can only add the property for sale on to the MLS – additionally the Realtor & his Brokerage has to ensure rightful ownership, measurements of the property as well as accuracy of data.

However, in the event the seller is interested in selling his own Mere Posting but with a choice of additional support features, then the seller becomes a Client. In this status, the seller receives additional obligations from the Brokerage.

Sellers can save a sizeable amount of the real estate commissions if the sellers
knowledgeable and comfortable about selling their your own home.

Representation as a Client - Mere Posting

Under TRESA, client representation, the Brokerage can offer a range of additional services, over and above just a Mere Posting of a property on the MLS. The seller can pick from the Brokerages list of services. This arrangement can provide sellers with additional services that can assist the seller in areas he needs Professional Realtor support.

While subscribing to additional services, sellers can still save on commissions. In addition, they can use their own knowledge and expertise to replace some of the duties normally done by Realtors – excluding those that require a Realtor’s license.

Representing You as a Buyer Client - cash-back feature

You become our Buyer Client when you hire us as your agent. No matter what property you buy through the Brokerage, as a Buyer/Client you enjoy all the benefits owed to you as a Client. One of those benefits is Purchaser Cash-back of $2,500.00.

Upon the completion of the Purchaser’s Real Estate Transaction, Toronto Real Estate Realty will be paid the selling commissions associated with that transaction. According to the Brokerage’s agreement, the Purchasers will receive $2,500.00 from the commissions received from the transaction.

Commission rebates, sometimes called cash-back, are paid once the entire commission is received. Cash back will not be paid for transactions with commissions below $15,000.00. Brokerage will guarantee the Cash-back Program in writing.

Representing You as a Seller Client - 1% selling commission

Everything you need to sell – for 1% selling Commission.

With only $600 up front and the remaining of the 1% of selling price payable when your home sells, you get a high-quality, professional real estate experience without compromising on service. What’s even better? It saves you thousands of dollars in commissions!

Under this kind of service plan, the Seller is also Client of the Brokerage, as defined by the New Real Estate Act TRESA being implemented soon.