What does TRESA stand for?

TRESA stands for the Trust in Real Estate Services Act, which was enacted in 2002. This legislation is fundamental for the regulation of real estate professionals in Ontario, setting the framework for how real estate services are conducted in the province. It outlines the responsibilities and obligations of real estate professionals, ensuring they provide competent and fair service to clients while maintaining integrity within the industry.

Understanding the correct year is important, as it reflects the time when significant regulatory changes were made to enhance the professionalism and accountability within real estate practices in Ontario. The other years mentioned do not correspond with the actual implementation date of this legislation, which is why they are not suitable choices.