The articles $$Real Estate Brokerage$$ and $$A Brief Introduction to Business and Professional Ethics$$ from Readings in Canadian Real Estate, $5$th Edition deal with Real Estate Brokerage Ethics. In $2019,$ the Ontario government introduced a bill which proposes changes to the Real Estate and Business Brokers Act, $2002($REBBA$).$ The changes would modernize rules for real estate brokerages, brokers and salespersons. The purpose of the legislation is to strengthen consumer protection and professionalism in the real estate sector. The new act will be called the Trust in Real Estate Services Act, $2019($the Act$).$

Comment on what will the likely consequences regarding:

a$.$ the obligations of an agent

b$.$ the obligations of a broker who purchases from his$/$her own vendor

c$.$ The nature of the available financing changes throughout the course of the development process. Identify, and briefly explain the significance of various development loans.