For Philip Baron, real estate is about trading bricks and mortar, not just paper. A recent graduate from the Schulich School of Business (York University), Philip is also the first recipient of the OREA scholarship established at Schulich. The $1,000 scholarship is awarded to second-year, full-time MBA/IMBA students specializing in the Real Estate and Infrastructure [...]
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Shaping the Future of Real Estate Education
OREA has established scholarships at the York University Schulich School of Business and the Ryerson University Ted Rogers School of Management. The scholarships are available to students specializing in real estate. These initiatives demonstrate the College’s commitment to building relationships with other members of the academic community. Both scholarships are a first of their kind. [...]
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Pricing To Sell
School is never out at the OREA Real Estate College, so states the College’s Continuing Education web page. The College currently offers 26 online continuing education (CE) courses to help you complete your mandatory CE requirements, namely a minimum of 24 continuing education credits in each two-year registration cycle.[1] Developed by industry experts, these interactive [...]
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More Reasons to Attend Career Night
This author’s penchant for lists has not subsided since the College’s last career night in February. So… how can we entice you to attend the April 18 career night? If you are considering a career in real estate, you should attend our career night because… It’s a great opportunity to learn about real estate as [...]
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SPIS – An OREA Best Practice
It’s not a warranty. It’s not even a legal requirement. It’s simply a form (OREA Standard Form 220) that may prevent a future potential dispute about a property defect following the completion of a real estate transaction. Completed by the seller, the Seller Property Information Statement (SPIS) provides information about a property in three areas [...]
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Mortgage Fraud ‘Red Flags’
It may be as simple as falsifying information on a mortgage application or as complex as acquiring property and then artificially increasing the property’s value through a series of sales and re-sales involving a network of accomplices. Regardless, mortgage fraud is a criminal offence and continues to be a serious issue for the real [...]
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Insurance = Good Business Sense, Plus…
…it’s mandatory. Yet, salespersons, brokers, and brokerages continue to have their registration revoked by the Real Estate Council of Ontario (RECO) for non-payment of insurance. For example, in 2010-2011, RECO issued 26 proposals to revoke registration due to non-payment of insurance. Participation in RECO’s insurance program is mandatory, and coverage must be renewed annually. [...]
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Advertising Guidelines Revised
Just when you thought you understood all the advertising DOs and DON’Ts, the advertising guidelines, developed by the Real Estate Council of Ontario (RECO), are revised. RECO developed the guidelines to assist registrants in complying with the advertising requirements of the Real Estate and Business Brokers Act, 2002, and the Code of Ethics. The revisions, [...]
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Avoiding The Eight Ball…
The Consequences of Non-compliance Mark Twain said many a small thing has been made large by the right kind of advertising. It can also be said that many a small thing has been made large by the wrong kind of advertising. That is, there may be consequences if your advertisement does not comply with the [...]
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And The Answer Is…
The advertisement from the February 22 blog did contravened Section 37 of the Real Estate and Business Brokers Act, 2002 (REBBA 2002), which reads: No registrant shall make false, misleading or deceptive statements in any advertisement, circular, pamphlet or material published by any means relating to trading in real estate. The potentially contentious statements were: [...]
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A Word About OREA Real Estate College
The OREA Real Estate College is the RECO-designated, award-winning provider of real estate education in Ontario. The College offers comprehensive education programs that will prepare you for the complex business of trading in real estate.
