In 1919 a small group of dedicated real estate practitioners banded together to form the Ottawa Real Estate Board. The Board was built on a sound foundation of honest service to the public and well-organized real estate development.
On July 9, 1921, the Board incorporated, and was one of the first real estate boards to be formed in Canada.
In the early days of the Board there were few Members, but this small group were men and women of perception, devotion and vision. Their high ethical standards and professional business practices firmly established the foundation of our Board. These Members recognized the necessity of establishing licensing legislation to improve the services available to buyers and sellers, and fully supported the efforts of the Ontario Association in advocating provincial legislation in this respect.
In 1982, the name of the Board was changed from the Ottawa Real Estate Board to the Real Estate Board of Ottawa-Carleton. The change had been made to better reflect the Board’s jurisdictional area at the time. Then in 2001, the Board name went back to its original roots when the City of Ottawa amalgamated through the merging of 11 municipalities. The Ottawa Real Estate Board name was reborn.
Members today are governed by the Real Estate and Business Brokers’ Act 2002 (REBBA 2002) which requires that all real estate practitioners are licensed. The Real Estate Council of Ontario (RECO) was established in 1997 as a result of the mutual desire of government and the real estate industry to enhance professionalism, to increase consumer protection, and to provide an effective, efficient, and responsive regulatory framework. RECO administers and enforces REBBA 2002 on behalf of the Ontario Ministry of Government and Consumer Services.
There is a long history of close co-operation between the Members of the Ottawa Real Estate Board and the municipal, provincial, and federal governments. Through its lobbying efforts, the Board has been instrumental in making changes on a number of issues that affect real estate professionals and consumers.
The Ottawa Board has always been an established leader of organized real estate in Canada and it is a tribute to its membership, both past and present, that it is recognized as such. In its nearly century-long history, the Board has exhibited a remarkable ability to meet the changing needs of society and our local community.