The Ontario Real Estate Association (OREA) is a

professional association A professional association (also called a professional body, professional organization, or professional society) usually seeks to advocacy, further a particular profession, the interests of individuals and organisations engaged in that professio ...

that represents

real estate broker A real estate agent or real estate broker is a person who represents sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients. Brokers and agen ...

s and salespeople who are members of

Ontario Ontario ( ; ) is one of the thirteen provinces and territories of Canada.Ontario is located in the geographic eastern half of Canada, but it has historically and politically been considered to be part of Central Canada. Located in Central Ca ...

's real estate boards. It has its headquarters at 15 Kern Road in

Toronto Toronto ( ; or ) is the capital city of the Canadian province of Ontario. With a recorded population of 2,794,356 in 2021, it is the most populous city in Canada and the fourth most populous city in North America. The city is the ancho ...

History

The Ontario Association of Real Estate Boards (later renamed the Ontario Real Estate Association) was founded in 1922 to organize real estate activities on a province-wide basis. In 1930, the

Ontario government The government of Ontario (french: Gouvernement de l'Ontario) is the body responsible for the administration of the Canadian province of Ontario. A constitutional monarchy, the Crown—represented in the province by the lieutenant governor— ...

brought into law the

Real Estate and Business Brokers Act The ''Real Estate and Business Brokers Acts'' is the legislation regulating the individual brokers and businesses registered to trade in real estate in Ontario, Canada. The most recent version, the ''Real Estate and Business Brokers Acts, 2002'' ...

. The government of Ontario codified and regulated the real estate broker occupation. A new law was enacted, under the supervision of the

Ontario Securities Commission The Ontario Securities Commission (OSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario. The OSC is an Ontario Crown agency which reports to the Ontario legislature through the Minis ...

, called an Act for Registration of Real Estate Brokers and Salesmen. Bill 150 was introduced into the Legislature on March 21, 1930, by Mr. Ferguson, and

royal assent Royal assent is the method by which a monarch formally approves an act of the legislature, either directly or through an official acting on the monarch's behalf. In some jurisdictions, royal assent is equivalent to promulgation, while in other ...

was given on April 30, 1930. The act was amended in 1940 and again in 1949, but there were still no academic qualifications required, and no formal training in the real estate business was required. The Ontario Association started an educational program in four different locations in the province in 1954. Finally, in 1959, individuals had to pass a short examination on their knowledge of the Real Estate and Business Brokers Act. By 1975, the Ontario Association was successful in convincing the Ministry of Consumer and Commercial Relations in Ontario (which by that time was responsible for supervising the Real Estate and Business Brokers Act) that mandatory education, for registration of all registrants in the province, be elevated to 150 hours of study, with an examination that had to be passed with a 75 per cent pass mark. There were also new Broker courses introduced, along with a new certificate program, which had to be passed with the same 75 per cent mark, to qualify for registration as a Broker. An articling program was launched in 1988, which required all new registrants to complete and pass three more forty-hour courses within their first two years of registration. If they failed to do that, they would not have their registrations renewed until these requirements were satisfied. The Ontario Real Estate Association and the provincial government signed an agreement in 1997, which granted the right to self-management. The

Real Estate Council of Ontario Established in 1997, the Real Estate Council of Ontario is a not-for-profit corporation that regulates the trade of real estate in Ontario in the public interest. On behalf of the Government of Ontario, it administers and enforces the Real Estate ...

was established in 1997 to administer the Real Estate and Business Brokers Act on behalf of the provincial government. In October 2005, OREA avoided being regulated by the

Law Society of Upper Canada The Law Society of Ontario (LSO; french: Barreau de l'Ontario) is the law society responsible for the self-regulation of lawyers and paralegals in the Canadian province of Ontario. Founded in 1797 as the Law Society of Upper Canada (LSUC; frenc ...

Timeline

* 1918 - The Windsor Essex County Real Estate Board, the oldest real estate board in Ontario, was incorporated on April 12, 1918, with 25 member brokers; it was initially called The Border Cities Real Estate Board. * 1920 - Toronto Real Estate Board was founded; it is Canada's largest real estate board. * 1997 -

was founded to administer the ''

'' (REBBA). * 2002 - OREA Real Estate College was formed, assuming all of the duties of the OREA Education Department.

Leadership

On August 9, 2016, Tim Hudak was appointed as Chief Executive Officer of OREA by its board of directors, effective December 2, 2016. Hudak was formerly a

Progressive Conservative Party of Ontario The Progressive Conservative Party of Ontario (french: Parti progressiste-conservateur de l'Ontario), often shortened to the Ontario PC Party or simply the PCs, colloquially known as the Tories, is a centre-right political party in Ontario, Canada ...

MPP in the

Legislative Assembly of Ontario The Legislative Assembly of Ontario (OLA, french: Assemblée législative de l'Ontario) is the legislative chamber of the Canadian province of Ontario. Its elected members are known as Members of Provincial Parliament (MPPs). Bills passed by ...

for 21 years (from 1995 to 2016), as well as the party's leader from 2009 to 2014. He served as Minister of Consumer and Business Services from 2002 to 2003, and he previously had several other positions in the

provincial cabinet Provincial may refer to: Government & Administration * Provincial capitals, an administrative sub-national capital of a country * Provincial city (disambiguation) * Provincial minister (disambiguation) * Provincial Secretary, a position in Can ...

. The current president of OREA's board of directors is Ettore Cardarelli, who assumed that role in March 2017.OREA Board of Directors
/ref>

Work

OREA provides

real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ...

registration courses in Ontario through the OREA Real Estate College.

References

External links