TRESA Phase 1 was completed in October 2020 and those changes are reflected in all course materials within the Real Estate Education Programs.
Examples of these changes include the permitted use of Personal Real Estate Corporations (PRC), amendments to the Code of Ethics to permit the use of new terms to describe a salesperson and a broker, such as REALTOR and real estate agent.
TRESA Phase 2 changes focus on multiple representation and designated representation, self-representation, open offer process, written agreements and disclosures, new consumer information guide, code of ethics and RECO’s discipline process.
Implementation of TRESA Phase 2 updates into Real Estate Education Program curriculum is expected to take place at a later date. Learners should continue to study and learn current materials. Humber will notify learners when each course and associated examination will be updated with TRESA Phase 2 changes. To avoid any interruptions or complications to learner studies, notifications will also provide the exact date when each change is scheduled to come into effect.
The TRESA Phase 2 updates into the Pre-Registration Phase of the Real Estate Salesperson Program and the Real Estate Broker Program curriculum will take place at a later date. At that time, the exams will also be updated to include TRESA Phase 2 changes. Until that time, learners should learn current course materials to prepare for their exams.
Since no changes will be made to the Pre-Registration Phase course material until a later date, Pre-Registration phase learners should continue to study and learn current materials.
Effective May 15, 2024, learners will have access to RECO’s Introduction to TRESA modules in Course 5 - Getting Started, and also in the Post-Registration Phase Compliance eLearning course (Dec 2023). RECOs’s Introduction to TRESA modules (10 modules) will take learners approximately three hours to complete.
The Introduction to TRESA modules is designed to help understand the key changes in the legislation — what they are, how they impact the day-to-day activities of real estate agents, and what they need to do differently to comply with the Trust in Real Estate Services Act, 2002 (TRESA) and the regulations. It will cover topics including how the consumer relationships and interactions with brokerages under TRESA differs from consumer relationships under Real Estate and Business Brokers Act, 2002 (REBBA), brokerage representation and designated representation options, new mandatory documents, new requirements for disclosures, consents, and acknowledgements, and the provisions of the new Code of Ethics regulation.
Learners who have completed the Post-Registration: Compliance eLearning course can take the non-credit version of RECO’s Introduction to TRESA modules on the RECO public website. Please visit the RECO website for more information.
TRESA updates or changes to the Real Estate Education Program curriculum will not be made at this time. Hence learners should continue to study and learn current materials. Humber will provide learners with advance notice of when courses and exams will be updated to reflect TRESA Phase 2 changes. Learners in the Pre-Registration Phase of the Real Estate Salesperson Program will learn about TRESA Phase 2 changes in the Course 5 - Getting Started eLearning course. Learners in the Post-Registration Phase of the Real Estate Salesperson Program will learn about TRESA Phase 2 changes in the Post-Registration: Compliance eLearning course. Learners in the Real Estate Broker Program will receive instructions on how to access the TRESA modules through RECO’s Continuing Education (CE) offerings. Please visit the RECO website for more information.