Anton M. Katz, Barrister and SolicitorNorth York, ON · December 6, 2021Personal Real Estate Corporations
As of October 1, 2020 (Royal Assent given, March 4, 2020), it became possible for salespersons or brokers (Realtors®) in Ontario to form their own Personal Real Estate Corporation or PREC pursuant to the Trust in Real Estate Services Act, 2020 (TRESA) and Ontario Regulation 536/20. PRECs are permitted to directly receive brokerage remuneration that...
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