Under TRESA's regulations, when must an Ontario brokerage that represents a client in a trade disclose that representation to a self-represented party it will assist in the same trade?
Correct Answer
C) Before providing the party any assistance
O. Reg. 567/05 s. 13.1 requires a brokerage that represents a client in a trade and assists a self-represented party in the same trade to disclose, before providing that assistance, that it represents a client, along with the risks, the permitted assistance and a recommendation to seek independent professional advice. This replaces the repealed REBBA-era 'earliest practicable opportunity' standard.
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