A. No, you don’t need to be a member of any real estate board, such as TREB, to park your license or trade in real estate.

Yes, you can! As long as your RECO real estate license is in good standing, you are fully licensed to trade in residential, commercial, and other types of real estate—even with your license parked.

And here’s the best part: you don’t need to be a member of TREB or any other real estate board to continue trading in Ontario.

As a licensed real estate professional, you don’t have to refer your leads or clients—you’re fully licensed to handle transactions yourself. Our brokerage is here to support you every step of the way, ensuring you can confidently serve your clients.

However, if you prefer to refer your clients, you’re free to work with any registered sales professional or brokerage of your choice. A commission-sharing arrangement can be made with the agent or brokerage you trust to provide competent and reliable service.

Yes, all real estate professionals registered with RECO must renew their license periodically. To do this, you’ll need to complete the required RECO Update Course and maintain your Errors & Omissions Insurance. These requirements apply whether your license is parked or active.

There is no time limit for parking your real estate license. As long as your RECO license remains in good standing, you can continue to park it indefinitely.

However, it’s essential to have a plan for how you intend to use your license to trade in real estate in the future. To stay prepared, agents should invest in voluntary education to stay up-to-date with industry trends and regulations. This ensures you remain well-informed and qualified to handle transactions now or when you’re ready to re-enter the market.

Yes, you can park your RECO license no matter where you live or move to in Ontario. Just ensure RECO has your updated address on file.

Since our brokerage is fully cloud-based, you’ll always have virtual access to support and resources, making it easy to manage your license from anywhere in the province.

Nothing changes—you will still be paid directly by the brokerage handling the transaction, as required by law and the rules set out by RECO.

Here’s how it works:

• Your commission will continue to be paid out in the same manner as it has been to date.
• The brokerage responsible for the transaction must ensure compliance with RECO’s rules and regulations.
• Toronto Real Estate Realty Plus is not involved in this process, so there are no additional costs for you to receive your commission.

No, there are no hidden fees or surprise deductions. Unless otherwise stated in the Agent/Brokerage Agreement, Toronto Real Estate Realty Plus will only charge the fees agreed upon in advance.

Here’s how it works:

• You earn 100% of your commission on every transaction you complete.
• The brokerage sends all commission payments directly to you via e-Transfer once they are received—no franchise fees, monthly fees, or desk fees are deducted.
• The only cost is the agreed-upon transaction fee, paid only when you complete a deal, plus the Annual Parking Plan fee.

There are no other payments required, ensuring you keep the full benefit of your hard-earned commission.

No, you do not need to pay OREA or CREA fees while your license is parked, as you are not a member of these organizations. Additionally, you won’t be required to pay fees for any real estate boards, including TREB or others.

Parking your license allows you to avoid these membership fees while remaining fully licensed to trade in real estate in Ontario.

Yes, you can! RECO is the licensing authority for all of Ontario, so any agent registered with RECO can park their license with Toronto Real Estate Realty Plus, regardless of where they live in the province.

Parking your license is a simple and cost-effective way to maintain your real estate license at a fraction of the usual costs. The process is fully online, and RECO enables brokerages to use its portal to facilitate license parking seamlessly.

The process is quick and can be completed in as little as an hour. Agents are encouraged to inform their current brokerage of their intention to move on by sending a resignation email to their Broker of Record or Manager. This email is sufficient for an immediate resignation.

To make the process even easier, Toronto Real Estate Realty Plus will prepare the resignation email for you and send it directly to your Broker of Record or the Head Office of your current brokerage on your behalf. Once that’s done, we handle the necessary transfer with RECO and send you all RECO confirmations to verify that the transfer is complete.

If you are retaining your TRREB membership, we also use TRREB’s portal to facilitate the transfer seamlessly. The same applies to Broker Bay, ensuring all your professional tools are updated during the transition.