You've worked hard and paid a lot to get your Ontario Real Estate license, and there is no reason to give that up.

We help agents across Ontario to keep their options open.

 Karma Realty Inc. offers Real Estate License Parking services to Ontario Real Estate Sales Representatives and Brokers.

 If you are leaving the business temporarily or permanently due to:

  • Retirement
  • Maternity Leave
  • Illness
  • Caring for an aging parent
  • Travel
  • You are a recent course graduate and not ready to start
  • Any other purpose

It shouldn't cost you all your hard-earned savings.

By parking your license with us, you can:

  • Keep your license so that you keep your options open
  • Refer past clients, friends and relatives and collect the referral fee
  • Move to Active selling again easily
  • Be kept informed of industry changes
  • Be notified of due dates for education and insurance
  • Get a referral fee for any Sales Representative or Broker that you send to us

Karma Realty Inc. is not a member of the Canadian Real Estate Association (CREA), The Ontario Real Estate Association (OREA) or any other board. Registrants who park their license with us are still licensed Real Estate Representatives under the Real Estate Council of Ontario (RECO).

If you want to be able to do referrals and have the ability to re-instate your license, and pay a minimum for these benefits, then you have come to the right place.

It's not a difficult process, and we can walk you through every step.

Sign up to park my Ontario Real Estate license now!

 

      

Referral Income

Details

When you do a referral for a Buyer or Seller here is how it breaks down:

 

First, you find an active Sales Rep or Broker that you want to work with and negotiate your referral fee! You sign a Referral Agreement so it's all in writing!

forsale

 

 

 

 

Next, when the Buyer buys, or the Seller sells, the agreed percentage is sent to Lesley E. Moll, Real Estate Brokerage.

 

 

 

You recieve a cheque for 90% of the referral fee and the Brokerage gets 10%.

 

 

Example:

You do a referral for a Seller at 25%. The agent lists the house for $499,900 at 5% commission with 2.5% payable to the selling Brokerage.

 

The house sells for $490,000.00

Sale Price:  $490,000

Commission Payable:  $24,500

Listing Brokerage Portion: $12,250

Selling Brokerage Portion: $12,250

Referral Commission Owed: $3,125

Brokerage Commissio: $312.50

Your Portion on closing at 90%: $2,812.12