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The Association of Real Estate License Law Officials (ARELLO), founded in 1930 in Canada, supports regulatory agencies in the administration and enforcement of real estate license (or registration) laws in their respective jurisdictions. Among its positions, the organization encourages licensure and education recognition between jurisdictions.
The Dallas Federal Reserve rated Canadian real estate as "exuberant" beginning in 2003. [1] From 2003 to 2018, Canada saw an increase in home and property prices of up to 337% in some cities. [2] In 2016, the OECD warned that Canada's financial stability was at risk due to elevated housing prices, investment and household debt. [3]
The Real Estate and Business Brokers Act, 2002, replaces the Real Estate and Business Brokers Act, 1990. [2] Notable changes with the new legislation include: modernized framework for registering and regulating brokerages, brokers and salespersons [3] rules of trading moved from previous Act to new Act's Regulations [4] procedures and programs ...
CCOHS was created in 1978 by an Act of Parliament – Canadian Centre for Occupational Health and Safety Act S.C., 1977–78, c. 29. The act was based on the belief that all Canadians had "...a fundamental right to a healthy and safe working environment".
The country has government statues, the Investment Canada Act, and Competition Act as well as the provincial laws in place throughout Canada's 10 provinces and 3 territories. [1] The buying and selling of property is normally done through a real estate agent who work on a financial commission and act as a broker between buyer and seller.
The Occupational Health and Safety (OHS) Regulation of British Columbia is the primary source of law governing workplace health and safety, which was most recently amended in 2016. It sets the standard to which workplaces must attain when inspected by WorkSafeBC , unless they are exempt from inspection, e.g. mines.
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 and Business Brokers Act , 2002 and its regulations.
A real estate broker typically receives a real estate commission for successfully completing a sale. Across the U.S, this commission can generally range between 5-6% of the property's sale price for a full-service broker but this percentage varies by state and even region. [2]