Transaction Brokerage Interpretation Guideline

Transaction brokerage came into effect on October 1, 2008. To help industry members better understand this topic, RECA has completed an interpretation of section 59 of the Real Estate Act Rules, which deals with transaction brokerage.

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message from council

Ralph Salomons, chair

A new chair and vice chair lead Council into a year of review and assessment.

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Council approves Advertising Policy Change

Council has introduced a new advertising policy that will change how industry members are able to market themselves.

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industry reminder: payment of referral fees

Industry members should review the Rules as they pertain to referral fees.

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Greater Efficiency within

reca's investigation process

A new process for investigating industry members for non-cooperation will save time and money.

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Questions and answers

Designated Agency

Designated agency became optional on March 1, 2008, and transaction brokerage replaced dual agency with limitations as of October 1, 2008. In this and future Regulators, frequently asked questions on the two concepts will be answered.

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Real Estate Licences suspended

Stephen archibald, broker - Ranchgate enterprises inc

Sid Reisner, associate - Nuway real estate ltd

 

case summaries

Case summaries are published in accordance with section 55 of the Real Estate Act. Decisions are publicized to enhance the transparency of RECA’s disciplinary process and to assure consumers there is an effective framework in place to deal with breaches of the Real Estate Act.

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