What is the RECO Information Guide and Why Do I Need to Read It?
If you’re planning to buy or sell a home or property in Ontario, it’s important for you to know that the laws for real estate have changed recently. As of December 1st, 2023, RECO (Real Estate Council of Ontario), which regulates real estate agents and brokerages in Ontario, has implemented new rules. Why? To further protect homeowners while giving them more resources to make informed decisions during their buying or selling journey.
What does the RECO Information Guide include?
So, what is the RECO Information Guide? The Guide includes all the details and information that you need to about working (or not working) with a real estate agent in the province.
Some of the information includes:
~ The benefits of working with a real estate agent
~ Knowing the risks of representing yourself
~ What it means to sign a contract with a real estate brokerage
~ Understanding multiple representation
~ What to do if you need to make a complaint
~ Understanding multiple offer situations
~ and more
Who needs it?
Whether you are looking to buy or sell your first home, or if you are experienced in Ontario’s real estate market, the RECO Information Guide provides a wealth of knowledge to help you navigate Ontario’s real estate. The guide enables you to make more informed decisions during your real estate journey.
Going forward, all real estate agents in Ontario are required to discuss the details of the new RECO Information Guide with all buyers and sellers to ensure they are informed and understand the contents of the guide.
Get your copy of the RECO Information Guide
Click the link here to download your free RECO Information Guide today and then give one of the Lake of Bays Realtors agents a call if you have any questions.
