Under TRESA and O. Reg. 567/05, which requirement applies to the expiry date of an Ontario listing agreement?
Correct Answer
B) It must be shown prominently on the first page and initialled by the seller
O. Reg. 567/05 s. 13.4(1) requires a written representation agreement to set out the date it takes effect and the date it expires, to display the expiry date prominently on the first page, and to have the client initial next to it. Section 13.4(2) allows only one expiry date. The regulation sets no maximum length for a listing.
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