TRESA Whisperer by ABRE-TRESA Compliance Tool

Example

Detailing the necessary components of representation agreements under TRESA, including the distinction between brokerage representation and designated representation agreements.

Scenario

A real estate agent preparing a representation agreement for a new client can consult TRESA Whisperer to ensure all legal requirements are met, such as including the expiry date prominently on the first page and ensuring the client initials next to it.

Example

Explaining how and when to disclose any direct or indirect financial benefits that an agent or someone related to the agent might receive in connection with the services provided to a client.

Scenario

An agent learns they will receive a referral fee from a home inspector recommended to their client. Before proceeding, the agent uses TRESA Whisperer to understand how to properly disclose this financial benefit to comply with TRESA regulations.

Example

Outlining the steps and obligations when engaging with self-represented parties in real estate transactions, including the necessity of providing and explaining the RECO Information Guide.

Scenario

When facing a situation where the other party in a transaction is self-represented, a real estate agent consults TRESA Whisperer to ensure they provide the correct forms and disclosures, thereby maintaining compliance with TRESA while protecting their client’s interests.