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!

 

     

Cost to Park Your Real Estate License

Details

The cost to park is straight forward!

 $99 + HST per year parking fee with the Brokerage. Referrals are paid out on a 90/10 split, 90% to you. There are no transaction fees, processing fees or other hidden costs. It astounds us that some brokerages are rumoured to charge for T4A's, which they are legally required to provide. We do not charge for signing disclosures, RECO forms, or providing referral invoices. Your $99 covers all these services and more.

Optional Business Cards are an additional $50 + HST 

$500 every year for your Errors and Omissions Insurance 

$340 every 2 years for your renewal with RECO and your continuing education fees.