AI Overview
Parking a real estate license in Ontario means transferring your registration to a brokerage that is not a member of real estate boards or associations (like CREA and OREA), allowing you to avoid high annual dues while keeping your license active with RECO. This option is ideal for taking a break, as you can still earn commissions on referrals and, in some cases, trade directly.
http://www.realestateparking.ca Key Aspects of Parking a License in Ontario:
Costs: Instead of thousands in board fees, parking typically costs a small annual fee (e.g., $100–$130/year) + E&O insurance.
Restrictions: You generally cannot access the MLS system, cannot call yourself a REALTOR®, and may not represent buyers/sellers directly (depending on the brokerage).
Process: The transfer is handled online via RECO's portal, often in as little as 30 minutes.
Requirements: You must still pay for your RECO license renewal and complete mandatory continuing education.
http://www.realestateparking.ca Where to Park Your License:
Companies such as Karma Realty Inc. (realestateparking.ca), MyLicense Canada, and Net More Real Estate offer these services.
