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.
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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 Ontario (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).
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.