Ontario Real Estate Licensing Exam Practice · Question
Which legislation is the current foundational law governing real estate professionals and brokerages in Ontario, replacing its predecessor in December 2023?
The Trust in Real Estate Services Act, 2023 (TRESA) came into full effect in December 2023, replacing the Real Estate and Business Brokers Act, 2002 (REBBA) as
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Question: Which legislation is the current foundational law governing real estate professionals and brokerages in Ontario, replacing its predecessor in December 2023?
Answer options: ✅ Trust in Real Estate Services Act, 2023 (TRESA)
- Real Estate and Business Brokers Act, 2002 (REBBA)
- Condominium Act, 1998
- Residential Tenancies Act, 2006
Correct answer: Trust in Real Estate Services Act, 2023 (TRESA)
Explanation: The Trust in Real Estate Services Act, 2023 (TRESA) came into full effect in December 2023, replacing the Real Estate and Business Brokers Act, 2002 (REBBA) as the governing legislation for real estate in Ontario.
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