Members may be aware of a story recently published by the Globe and Mail surrounding an investigation into REALTOR® conduct with respect to multiple representation, and airing on CBC's Marketplace tonight.
TREB REALTOR® Members are required to adhere to a strict Code of Ethics under the Real Estate and Business Brokers Act, 2002 administered by the Real Estate Council of Ontario (RECO). Violations of the Code could be subject to penalties. Multiple representation is permitted under the REBBA 2002, subject to disclosure obligations.
TREB strongly condemns the actions of any REALTOR® who knowingly behaves in an unethical manner during the course of a real estate transaction, and RECO has provisions in place to deal with such actions.
The vast majority of TREB Members are diligent, ethical professional REALTORS® who have their clients' best interests in mind, and care about the communities they serve.
Larry Cerqua, President
Toronto Real Estate Board