What Can You Do While Parked?
By ‘parking‘ your license you are simply removing your membership with your Local Board such as TREB or BREB but still maintaining your License with RECO. When you ‘Park’ with us, you become a part of the NON-TREB Branch Office. However, you can continue to trade in Estate in a variety of capacities.
You may realize that you have a database of past Buyers & Sellers, as well as people that you are currently working with, if you have been an agent for a while and you are simply retiring from active working or putting your career on hold to work a full-time job. Consider referring your leads to another Real Estate Professional (Agent) of your choice at any real estate brokerage and receive a referral payment.
Your Past Buyers & Sellers database may benefit from working with another Agent (of your choice at any Brokerage) to ensure that these buyers and sellers are given post-sale service, and you will ultimately receive leads and referrals.
While your license is parked, you can still participate in the Brokerages’ pre-construction condo sales, mere postings, and business commercial opportunities.
Other Job Opportunities for a Licensed Real Estate Professional without any Selling:
- Leasing Agent
- Property Management
- Position in a Legal Office
- Assistant to Real Estate Salesperson
- Real Estate Brokerage Office Manager,
- Real Estate Educator, Trainer and Administrator
- Sales Representative at a New home/condo building site