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!

 

     

New Registrants

Real Estate Parking made Easy!

 

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Step 1 - Get Checked

 

Get CheckedPolice Check! 

RECO requires you to get a police check. You will have to mail the ORIGINAL to RECO directly.

 

RECO Fees

RECO will want you to pay a $340 Registration and education fee (you will pay this every 2 years as long as you are licensed) plus a $50 application review fee and your errors & omissions Insurance. Insurance is $500 per year, so they will figure out how much you have to pay depending on the date (it's pro-rated).


Step 2 -  Sign in to RECO and Fill out your forms!

Fill out the forms 

 

 

Create a RECO MyWeb Account! Fill out the New Registrants form. Our Brokerage number is: 4778739. RECO will charge you $340.00 as a registration and education fee and a $50 application review fee.

 

Download and fill out the Brokerage Registration Form! and email it to us.


Step 3 - Pay your Fees!

Pay your fees

 

 

You will be billed for your parking fee of $99 + HST. You can optionally choose to order 500 business cards for $50 + HST.

You will also be billed by RECO for your other fees.

 

 

 


Step 4 - Get Paid for Referrals!

Get paid for referrals

 

Refer anyone you know who wants to buy or sell to an active  agent and collect your paycheck when the deal closes!

We can provide you with highly qualified agents to send your Buyers and Sellers to ANYWHERE in the world!

 

 

 
 
 

Leaving the Brokerage you are currently working with can be confusing at times. Please find answers to some commonly asked questions. If you have questions about parking your Real Estate license once you have terminated your contract with your current broker, please read the FAQ here.

Q. What do I need to do, to terminate my agreement with my current Brokerage?

Q. What happens to my firm deals?

Q. What happens with my Listings or Buyers under contract?

 

Q. What do I need to do, to terminate my agreement with my current Brokerage?

A. First of all, you need to check the agreement that you are working under. Generally, there is no notice necessary, but you should always check the wording in your contract. The termination letter that you submit to your Broker/Manager should include the following information:

  • Your Name
  • The Brokerage Name
  • The Broker/Manager's Name
  • The date you are writing the letter
  • The effective date for your termination

You can see a sample letter here.

*** Remember, you will need a copy of this letter to submit to RECO to transfer your license.

Q. What happens to my firm deals?

A. Any deals that you have that are firm would be payable to you directly from your old Brokerage. Even if a deal is "firm", nothing is closed until the check is in your hand. Your old Brokerage would likely deal with anything that came up between your termination date and the closing of the deal, but you might not want to leave it to chance. If you will be referring business back to a Sales Rep at your old Brokerage you could offer them a small referral (they might not have to do anything) to hold the client's hand until closing. If something comes up (like the final walk-thru inspection or small amendments that need to be done), the client will be looked after and you can decide if you like the way the Sales Rep handles your referrals. One would hope that the Sales Rep would be doing their best for you, given that you may refer them future business.

Q. What happens with my Listings or Buyers under contract?

A. Any active listings or buyers will have to be referred to an active Sales Rep. Since you've already done the difficult part of closing them (good for you!), you may be able to negotiate a higher referral split with the Sales Rep/Broker that you refer them to. Again, pointing out to the Rep/Broker that you will be referring future clients will likely make them much more receptive to a good referral rate.

 

If you are an agent interested in parking your license, please contact us.

 

Thank you for your interest in employment with Karma Realty Inc.

 

We are not currently hiring for support staff.

Karma Realty Inc. - Privacy and Security Statement

We know that your privacy is very important to you. That's why protecting any personal information, such as your name, address, email address or phone number that you provide to us is of the utmost importance to Karma Realty Inc.. As a result, we have prepared this Privacy and Security Statement to let you know about the manner in which we collect, use, disclose and otherwise manage the personal information you entrust to us through Karma Realty Inc. websites (the "Sites"), or through our authorized service providers ("Service Providers").

When you provide personal information at  on our Sites, you are consenting to the manner in which Karma Realty Inc. will collect, use, disclose and otherwise manage the personal information of our clients and consumers, as set out below.

We may collect personal information that you provide us when you:

  • Sign-up, order, or request a referral;
  • Contact our Technical Support or Office;
  • Visit or register with our Sites or participate in another feature of our Sites, such as the Newsletter;
  • Enter into a contest or respond to one of our surveys;
  • Apply for employment through one of the Sites; or
  • Provide us with comments or suggestions.

Payment to Karma Realty Inc.:

When you purchase products and services at from Karma Realty Inc., payment is through PayPal. We keep no record of your payment method or information, we solely keep a record of the amount paid, date and product or service purchased.

Contacting Us:

When you call one of our office or technical support about a product, delivery, a billing question or for customer service, you may be asked for information that identifies you along with additional information we need to help us promptly answer your question, such as your name and address and a phone number where we might contact you. We may retain this information to assist you in the future.

Contests, Questions or Surveys:

When you ask a question, participate in a survey or enter a contest  that may be offered from time to tome, we may collect your name, address, phone number and email address. We use this information to administer your participation in a contest. At the time you are entering a contest, we may ask your permission to send you future marketing information from Karma Realty Inc..

Employment at Karma Realty Inc.:

We advertise employment opportunities on our Sites. In connection with a job application or related inquiry, you may provide us with certain personal information about yourself (such as that contained in a resume, cover letter, or similar employment-related materials, or any applicable pre-screening questions). We use the personal information you provide for the purpose of processing and responding to your application.

Karma Realty Inc. uses personal information to continually assess and improve the products and services we offer. We would also like to inform you of products and services, sales and special offers that might benefit you. When you register online or participate in a survey, you will have the opportunity to sign up for emails about our products, services, sales and special offers.

We may also send you mail, email or call you with information about our product and service offerings if you have provided us with your name and address, email address or phone numbers.  If you would like to stop receiving such promotional information from Karma Realty Inc., there is an option to do so at the bottom of every email sent.

We use your feedback, suggestions, survey information and comments solely to monitor and/or improve the use and features of our Sites and our product and service offerings.

Disclosure of Personal Information

Personal Information Disclosure:

Karma Realty Inc. will not trade, rent or sell your personal information, without your prior consent, except as otherwise set out herein.

If your purchases are being shipped to you, we will share your shipping information on a confidential basis with our delivery Service Providers (Canada Post, or other delivery companies we or you select). 

Sale of Business:

Karma Realty Inc. reserves the right to transfer any information we have about you in the event we sell or transfer all or a portion of our business or assets to a third party acquirer.

Legal:

Please note that Karma Realty Inc. and our Service Providers must provide your personal information in response to a search warrant or other legally valid inquiry or order, or to an investigative body in the case of a breach of an agreement or contravention of law, or as otherwise required by law. We may also disclose personal information to assist us in collecting a debt owed by you.

Access to Personal Information

As a registered user with our Sites, you can access your profile information at any time by clicking on the "Sign In" button at the top of any page on the Sites on which you are registered.

For further instructions on accessing the personal information that Karma Realty Inc. may have about you, please see the How to Contact Us section of this Privacy and Security Statement.

Additional Information about our Sites

Visiting our Sites:

In general, you can visit our Sites without telling us who you are or providing us with any information. However, we collect the IP (Internet protocol) addresses of all visitors to our Sites and other related information such as page requests, browser type, operating system and average time spent on our Sites. We use this information to monitor and improve our Sites.

Tracer Tags:

Our Sites may also use a technology called "tracer tags". These may also be referred to as "Clear GIFs" or "Web Beacons". This technology allows us to understand which pages you visit on our Sites. These tracer tags are used to help us optimize and tailor our Sites for you and other future website visitors.

Third Party Links:

Our Sites may include links to the websites of our business partners, vendors and advertisers. Except as provided herein, we will not provide any of your personal information to these third parties without your prior consent.

Karma Realty Inc. provides links to third party websites as a convenience to the user. The inclusion of any link does not imply Karma Realty Inc.  endorsement of any other company, its websites, or its products and/or services. These linked websites have separate and independent privacy policies, which we recommend you read carefully. We have no control over such websites and therefore have no responsibility or liability for the manner in which the organizations that operate such linked websites may collect, use or disclose and otherwise treat your personal information.

Security of Personal Information

We will maintain the confidentiality of all personal information collected on our Sites and from our Service Providers and will only transfer such information to employees of Karma Realty Inc. who require such information for the purposes described in this Privacy and Security Statement. We maintain administrative, technical and physical safeguards in an effort to protect against unauthorized access, use, modification and disclosure of personal information in our custody and control. We maintain your personal information for as long as required for the purposes set out in this Privacy Statement, or as otherwise required or permitted by law.

Security Measures on our Sites

Secure Shopping:

All purchases are processed by PayPay. PayPal's Privacy and Security Policy can be read here.

 

How to Contact Us

We want to assure you that Karma Realty Inc. is dedicated to protecting your privacy. You can contact us or otherwise communicate your privacy concerns by:

  • calling us at 1-613-663-9979
  • writing us at the address below (please include your email address and phone number with your correspondence along with the information needed to support your request):
    Karma Realty Inc., P.O. Box 506, Munster, Ontario, K0A 3P0