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!

Details: Karma Realty; 14 October 2014

License Lapsed 60 Days to 2 Years

Real Estate Parking made Easy!

Step 1 - Get Checked

Police Check!

If you have not been signed by a Brokerage for 60 days, RECO requires you to get a new police check. You will have to mail the ORIGINAL to RECO directly.

Education Check!

If you left more than 60 days ago, check with RECO to see if you need to take any courses.

Reinstatement

RECO will want you to pay a $340 Reinstatement and education fee plus a $50 application review fee and your errors & omissions Insurance. Insurance is $500 for the year, so they will figure out how much you have to pay depending on the date (it's pro-rated).