Article by Agnes CelinA

Real estate business takes place in every city of the world. As long as there is land or homes or some other property available, people will be there to either buy it or to sell it. The rates of these estates could vary on the number of factors like the places, infrastructure, economic worth etc. however, in every country or city; there is an organization which makes sure that the deals that take place are under legal law and the sale take place by fair means. The agents and the real estate brokers are directly answerable to this organization which keeps a check on them. In the same way the organization which keeps check on the Canadian real estate is called, Canadian Real Estate Association. This article will tell about the role and about the organization itself.

Canadian Real Estate Association or CREA is one of the largest single industry trade associations, representing 97,000 real estate agents, brokers, sales-people etc working through more than 100 real estate Board and Associations. People who have to come in real estate business have to register with the CREA and follow the Realtors code. This code outlines the right and the fair way this business should be conducted and the way the customers should be treated. In addition to that this code also outlines the payment methods and the maximum amount of fee the broker or an agent is entitled to after every specific type of property. Violation of this code can lead to punishment and even confistication of the license to practice this business along with a hefty fine.

The CREA main role is that it represents and promotes the interests of the members, enhances members