Regulations governing the sale of new homes are changing

I recently had the pleasure of meeting with the sales team at Sotheby’s International Realty to discuss legal considerations for realtors when dealing with new home sales. It’s a changing landscape for builders, vendors and realtors alike. Here are some key points realtors should keep in mind.

All vendors of a new, previously unoccupied home must be registered with the Tarion Warranty Corporation. With a mandate to protect consumers of new homes by ensuring builders abide by provincial legislation, Tarion administers the Ontario New Home Warranties Plan Act

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