Ottawa Real Estate Board
Encyclopedia
The Ottawa Real Estate Board (OREB) is a non-profit professional association of registered real estate
brokers and salespeople in the Ottawa
, Canada
area. OREB was formed in 1919 and incorporated in 1921. In 1982, the name was changed to 'Real Estate Board of Ottawa-Carleton', and was changed back to the 'Ottawa Real Estate Board' in 2000.
OREB has been maintaining statistics of Ottawa house prices since 1956. The average home price in Ottawa in 2008 was $289,766, a 6.35% increase over 2007.
(RECO) to trade in real estate in Ontario.
Members and member offices can be found by using the search function on the home page of its website. All members of the Board are also members of the Ontario Real Estate Association
and Canadian Real Estate Association
, and as such, are permitted to use the term REALTOR. The REALTOR and MLS trademarks are owned by the Canadian Real Estate Association (CREA).
OREB administers Ottawa’s Multiple Listing Service system, which uses the MLXchange software to allow members to enter and manage their listings.
Other board services include the in-house advertising tabloid Ottawa Real Estate Guide and access to GeoWarehouse, the electronic database of Ontario land registry offices.
OREB maintains an up-date list of Open Houses for the public.
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
brokers and salespeople in the Ottawa
Ottawa
Ottawa is the capital of Canada, the second largest city in the Province of Ontario, and the fourth largest city in the country. The city is located on the south bank of the Ottawa River in the eastern portion of Southern Ontario...
, Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
area. OREB was formed in 1919 and incorporated in 1921. In 1982, the name was changed to 'Real Estate Board of Ottawa-Carleton', and was changed back to the 'Ottawa Real Estate Board' in 2000.
OREB has been maintaining statistics of Ottawa house prices since 1956. The average home price in Ottawa in 2008 was $289,766, a 6.35% increase over 2007.
History
Ottawa’s Co-operative Listing service was created in 1949 and the name changed to Multiple Listing Service in 1963.Members
Members of OREB are licensed by the Real Estate Council of OntarioReal Estate Council of Ontario
The Real Estate Council of Ontario was formed in 1997 as the delegated administrative authority under Ontario's Ministry of Small Business and Consumer Services, to administer the Real Estate and Business Brokers Act and protect the public interest....
(RECO) to trade in real estate in Ontario.
Members and member offices can be found by using the search function on the home page of its website. All members of the Board are also members of the Ontario Real Estate Association
Ontario Real Estate Association
The Ontario Real Estate Association represents the 45,000+ real estate brokers and salespeople who are members of Ontario's 42 real estate boards. In addition, OREA provides all real estate licensing courses in Ontario through the Ontario Real Estate College.In 1922 a new organization was founded...
and Canadian Real Estate Association
Canadian Real Estate Association
The Canadian Real Estate Association represents over 100,000 Realtors across Canada.The Association owns the Multiple Listing Service or MLS trademark and the Realtor trademarks in Canada. Local real estate Boards or Associations operate a local data base under a licensing agreement with the...
, and as such, are permitted to use the term REALTOR. The REALTOR and MLS trademarks are owned by the Canadian Real Estate Association (CREA).
Mandate and board services
OREB's mission statement is "to foster a professional environment to enable the members to carry out their practice of real estate".OREB administers Ottawa’s Multiple Listing Service system, which uses the MLXchange software to allow members to enter and manage their listings.
Other board services include the in-house advertising tabloid Ottawa Real Estate Guide and access to GeoWarehouse, the electronic database of Ontario land registry offices.
OREB maintains an up-date list of Open Houses for the public.