License Parking Solution
For Realtors In Ontario
License Parking Solution
For Realtors In Ontario
Why you need to
Park Your License?
The Real Estate market is getting tougher with each passing day, this has made it difficult for agents who are not 100% committed to cope with the current industrial trends. If your current income as a real estate agent is unable to cater to the numerous associated expenses, then it may be time to go all-in or rethink your decision
Our services are open to real estate agents in Ontario that fall within any of the following categories.
Cloud Based Realtors
Retiring Realtors
Part-Time Realtors
Non-MLS Realtors
Work from home Realtors
Commercial Realtors
About Us
Pay only for what you need
Green HomeWorks Brokerage provides Alternative Real Estate Solutions for Real Estate Sales Representatives and Brokerages. We recognize that Realtors need specific solutions to their needs within a Brokerage and their wish to pay for what they use. We offer professional cost-effective Plans for the Part-time Salesperson, the Retiring Realtor, and Realtors that simply wish to parking their License temporarily. We are a Cloud-based Full-Service Brokerage registered with Toronto Regional Real Estate Board (TRREB) and Real Estate Council of Ontario (Real Estate Council of Ontario). Green Home Works Realty Brokerage is Independently owned and operated.
How my license
works ?
Obtaining a real estate license in Ontario can be tough. If you are taking a temporary break in order to take advantage of other important opportunities in your life, parking your real estate license for use on a later date may just be the right decision to make. Rather than starting all over from scratch, you can easily get back into the real estate market by picking up your parked license and moving on as if you never left! At MyLicense.ca, we understand the effort and provide you Real Estate Parking Services so that you can maintain your Real Estate License in good standing with the Real Estate Council of Ontario thus minimizing costs associated with working at a Typical Real estate Brokerage. You will be responsible for RECO registration costs and RECO Insurance fees plus the Brokerages Licence Parking Administration fees.
Parking Your Ontario Realtor License will help you
SAVE MONEY!!
Join us now in 3 easy steps
Options when you park with us
BASIC PLAN
Per day
Paid Monthly Plan includes
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- Brokerage Support (Refer to Brokerage Agreement)
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- Opportunity to work as a Licensed Assistant
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- Opportunity to refer your old Database of Clients
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- Opportunity to attend Real Estate educational Webinar and events
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- Membership to Brokerage Newsletter to keep up on current events
BASIC PLAN
Perday
Paid yearly Plan includes
-
- Brokerage Support (Refer to Brokerage Agreement)
-
- Opportunity to work as a Licensed Assistant
-
- Opportunity to refer your old Database of Clients
-
- Opportunity to attend Real Estate educational Webinar and events
-
- Membership to Brokerage Newsletter to keep up on current events
FAQs
What is “Parking"?
Parking your Real Estate License means you are registered with a Brokerage and your Real Estate License remains active with Real Estate Council of Ontario (RECO).
Why do Realtors quit ?
Some reasons why people quit are unrealistic exceptions of big profits and little knowledge on how to get there. Working with a Brokerage with little support and lack of education too contributes to being successful.
Why would I park my Real Estate license?
The fact that you are here lend to the some reason why you are looking this up. In Mid July 2017, there were 70,000 Realtors in Ontario. Many part-timer and many in semi-retiring mode and other looking to a steady full time job. Hence it’s a good idea to save of expenses and to put your License on hold while you explore opportunities.
Are there costs involved to maintain my license when it's parked?
Yes of course there are but limited to maintaining you Registration at RECO plus the RECO Insurance plus the Mandatory Course costs on Renewal – all of these are relatively very affordable.
Will I still have to take my some form of Continuing Education?
Yes. Find more info on reco.on.ca for the most updated new post Covid 19.
Will I have to pay RECO Errors and Omissions Insurance?
Yes you surely will. Check for the new fees guideline at reco.on.ca
How long can I stay registered with your brokerage?
For as long as you work lawfully and in accordance with guidelines set by the Brokerage. The Broker will always reserve the right to terminate an Agreement.
I work for a Brokerage currently. How do I transfer my license?
Yes as per guideline set out by Real Estate Council of Ontario. It has to be in writing and can be sent by Fax, Email or Canada Post Mail.
I'm Retiring, how do I work with my referrals or who can I refer them to?
It’s as simple as when you was working. The process is the same. Your referrals can be a ‘Goldmine”. You can always work with them and another realtor so that you can share the work. Or you can simply refer them to another Realtor of your choice in any Brokerage you choose, and you should arrange for a suitable referral fee/commission.
How much referral commission is fair and how do I get paid?
If the referred Agent is performing all or most of the transaction then a 15 to 20% referral fee is fair. For the Record, this Agreement should be in writing in the prescribed OREA Forms.
You need to maintain complete records on all transactions and the Brokerage will need all documents pertaining to this transaction. As always, on sale/purchase of the property, you will need to file immediately with the Brokerage a Trade Record Sheet. This will start the process of you getting paid within a reasonable time after closing.
How soon can I get back to I want to selling actively?
The process is simple. Check with Real Estate Council of Ontario to ensure all your education requirements are up-to-date, then simple let the Brokerage know and together we make the arrangements to get you started.
Does the Brokerage maintain a Commission Trust Account and General Trust Account?
Yes of course . It is a requirements of being a Brokerage. It is a requirement by the Real Estate Council of Ontario.
Get in Touch
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Office Location
Brampton, Canada -
Phone Number
+1 416-289-2890 -
Email Address
support@greenhomeworks.ca -
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