REALTORS® are enabling heating systems to be installed in 26 Habitat for Humanity homes in Manitoba with a $52,500 donation from the interest earned on broker trust accounts.
“Every year hundreds of real estate transactions require that funds be put in trust for short periods during sales transactions,” explains MREA’s CEO Brian Collie. “The interest on those funds creates an excess, and MREA applies to the Manitoba Securities Commission for approval to direct these funds to housing-related projects in Manitoba.”
