Frequently Asked Questions

A.   In theory you cannot park a license.  ‘Parking a Licence’ is terminology used by realtors to indicate that the Agent is no longer a member of an Association or a Real estate Board but still a registered Real Estate Professional with Real estate Council of Ontario.

This Agent will therefore not be paying any board dues, OREA fees or CREA fees. The Agent will not have access to MLS information or MLS services.

A.   Assuming that the Agent is knowledgeable and well informed on rules, regulations and has experience in dealing with Real Estate in a professional manner, we will support his efforts to remain active while his licence is parked – immaterial of the number of transactions the Agent is doing.

For Agents that are not able to look after the best interest of the Consumer, we require that the Agent work on a referral basis or in partnership with an experienced Full-time Real Estate Agent.

A.  You must refer it to a Full-time Agent who is knowledgeable of the neighbours, the sales trends, Market value or prices has access to the local Real Estate Association or Board and has the ability to look after the customers best interest.

You can:

  • Work with any Registered knowledgeable Sales Professional or an Agent from Toronto Real Estate Realty Both of you can come up with a Commission sharing arrangement, or​
  • Pass on your lead to an Experienced Agent as a Referral. This experienced Agent must and be able to look after the Consumers best interest. You can negotiate the referral commission with this other Agent.

A.  No!  Everyone who is registered with RECO must renew his license periodically and to do that one has to  complete  the RECO Update course. Furthermore, you will also have to pay for the errors & omission insurance.

A.  There is no time limit. As long as you maintain your educational requirements for registration renewal, pay for the registration costs and stay actively registered. You will also have to maintain the errors & omission insurance requirements.

A. It makes no difference where you live in Ontario. You are registered by RECO – Real Estate Council of Ontario.  Yes you can continue to work with us, as we are a very modern Virtual Office. Our support staff is available to help you move forward.

Toronto Real Estate Realty is  both a Full Service TREB Brokerage as well as a NON-TREB Brokerage, catering to Agents in all walks of life.

We can help you when you Park Your License and we can also help when you decide to get back to Full Time Real Estate Sales.

To gather further info, simply send us the form below.
Please expect a fast response to this email
We will create the required paperwork – it’s that easy.