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!

 

     

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In our opinion, in order to limit your legal liabilities, and do the best job for your clients, you should be a member of your local Real Estate Board and work for an active Board Member Brokerage.

Without a local Real Estate Board membership, you can not legally use OREA's standard forms. You also can not directly access the MLS system, Geowarehouse (board dependent), or local board/OREA/CREA services (electronic lock boxes, etc.). Timely access to information is therefore limited. As well, there is no obligation for a Board Member Brokerage to allow access to a listing to a non-board member Brokerage. Showings may be impossible.

An active Board Member Brokerage provides access to the above, as well as marketing, answering, and many other support services.

Supplying superior service to your clients, is simply not possible as a parked agent.

As a parked agent, it is safer, easier and cheaper to refer your clients to an active REALTOR® and collect a referral fee.

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Effective January 1st, 2024

OREA has decided to implement a new non-optional, health and wellness program (ORWP) for all it's members. This health benefits program will add another ~$700 onto your yearly association and other fees, which are already in the thousands of dollars. ORWP does not povide an opt-out provision for members, so even if you are covered under another plan, you will still contribute to ORWP. Over 65? You will still have to pay the full fee, but you will receive fewer benefits!

OREA claims that this "Wellness Program will provide a safety net to support Members during challenging times.".

If extra fees in this "challenging time" is not your idea of help, and you are considering your options, contact us today!

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Watch our Broker of Record on Youtube! https://youtu.be/LTCZtg95RRo

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Canada's housing market is slowing. Sales volume is down a third and average prices have dropped 10%. Several factors are blamed, including the Bank of Canada's interest rate hikes. Although CREA tries to put a positive spin on the data, suggesting things might be getting better, the reality is listings are sitting longer and price reductions are happening.

Read More Here

If a market slowdown doesn't excite you, and you are considering your options, contact us to see how we can help!