OREA’s Response to CBC Marketplace Investigation
Tim Hudak may be “new” to OREA, but he certainly isn’t new to regulation of the real estate industry.
Tim was the Minister in charge when the Real Estate and Business Brokers Act, 2002 was passed.
While he doesn’t officially assume his role as CEO of the Ontario Real Estate Association until December, he has already expressed some firm views on this matter of unethical conduct by agents double ending and rigging the bids.
Tim Hudak would like to see:
· Increased fines
· Increased enforcement by RECO
· Increased investigation by RECO
· A modernized REBBA, 2002, (in effect a brand new REBBA, 2017)
Here is a link to OREA’s response:
If you would like to discuss the implications, please contact me.
Brian R. Madigan, LL.B., Broker
RE/MAX West Realty Inc., Brokerage