TREB Members should be aware that the Real Estate Council of Ontario (RECO) is inviting your comments on fee changes and new fees that will be implemented on January 1, 2017. RECO is seeking comments from stakeholders like you on the proposed new fee schedule and is inviting comments until August 12, 2016.
Below is a link to the original RECO consultation paper, which includes information about why the fee changes and proposed new fees are required, as well as the anticipated impact these changes will have on the real estate sector.
The consultation paper also provides information on how individuals, associations and boards can provide comments during the consultation period, which closes August 12, 2016.
You may access the consultation paper through this link.