In our ever-changing industry, staying informed about regulatory updates is crucial to maintaining compliance and upholding trust in our transactions. 

On February 24, 2024, the Minister of Finance issued a new Ministerial Directive under the Proceeds of Crime (money laundering) and Terrorist Financing Act (“FINTRAC regime”) applicable to the real estate sector. 

This notice is being sent to REALTOR^® members. Please review this communication carefully. It has valuable information about the ongoing process to decide the future of REALTOR.ca.

A Canada-wide class action lawsuit was recently filed naming the Canadian Real Estate Association (CREA) and various regional boards and associations across the country, including CREB^®.

We understand that many questions come with implementing a new policy, such as the REALTOR^® Cooperation & Public Advertising Rule (CREB^® Rule Part II 6.06). 

Over January and February, you can join CREA for a virtual CIPS Institute that features instructors from both sides of the border. 

Members will receive their CREB^® and CREA annual dues statement in the next few weeks.

The REALTOR^® Cooperation Policy takes effect on Jan. 3, and CREB^® is getting you ready for it. The 10 Alberta real estate boards have established a harmonized rule and approach to fulfill the requirements of CREA's policy, which states, "Boards and Associations operating MLS^® Systems must adopt and enforce this policy in their MLS^® System Rules or an equivalent policy."

The Canadian Real Estate Association (CREA) has recently named Janice Myers as their new Chief Executive Officer (CEO), effective Jan. 2, 2024.

CREB^® REALTORS^® bridged the gap between housing consumers and lawmakers through federal advocacy efforts at CREA’s Political Action Committee (PAC) days.

Since April 18, prior to the Canadian Real Estate Association’s (CREA) 2023 Annual General Meeting, CREB^®’s Board of Directors has been updating our membership on some ongoing concerns with CREA. 

It is my responsibility, as Chair of CREB^®, to keep members informed about important developments with the Canadian Real Estate Association (CREA).