Resources
"Peace of Mind" Solution
We provide our Real Estate Brokers and Sales Representatives with the “Peace of Mind Solution” referral fees. By offering this incentive—“The Peace of Mind Solution”—agents can encourage buyers to sign a buyer’s agency agreement during their first meeting. Many qualified buyers worry about managing a large mortgage despite having a good income or stable job, often without guarantees. A savvy agent can alleviate this anxiety and demonstrate their commitment by offering our services at no additional cost to the buyer, while also earning referral fees.
Insurance
Disability
Disability insurance replaces lost income if an individual is unable to work due to a disability.
Critical Illness
Critical illness insurance offers financial support upon the diagnosis of a serious illness or medical condition.
Mortgage
Mortgage insurance protects lenders and allows borrowers to secure loans with a lower down payment.
Services
Disability Insurance
We offer several types of insurance, including disability insurance. This insurance provides your clients with a tax-free monthly income if they become sick or injured and are unable to work, whether for a short or extended period. If your client remains healthy, they will receive a refund of 50% of all premiums paid.
If they are unable to return to work, they will receive a tax-free monthly income until the age of 65, at which point the Canada Pension Disability Benefit will commence.
Disability insurance is beneficial for anyone who relies on their income—employees, self-employed individuals, professionals, breadwinners, and anyone at risk of disability. It offers financial protection in the event of a disability that prevents them from working.
For example, if your client is 25 years old, has no medical issues, and a gross annual income of $50,000 (approximately $2,777 net per month after taxes), they would receive $2,200 per month tax-free if they are unable to work due to illness or injury.
Services
Critical Illness Insurance
We also offer coverage for critical illnesses. If your client is diagnosed with any of the 21 covered critical illnesses and is insured for $250,000, they will receive a tax-free lump sum payment of $250,000 if they survive for 30 days. If your client remains healthy, they will receive a full refund of all premiums paid upon death or policy expiry.
Critical illness insurance provides financial protection and support in the event of a serious illness or medical condition. This coverage offers a lump sum that can be used to cover medical expenses, replace lost income, or ease financial burdens during recovery.
For example, if your client is 25 years old and a non-smoker, and they are diagnosed with any of the 21 covered critical illnesses, they will receive $250,000 tax-free.
Services
Mortgage Insurance
When your client signs their mortgage documents, the bank often offers an expensive insurance policy to cover the total amount of the mortgage. However, this bank-provided insurance has several disadvantages.
Here’s why your smart client should opt for mortgage insurance through an insurance company instead of the bank:
Cost-Effectiveness:
Insurance from an insurance company is typically much less expensive than bank-provided insurance. For instance, if your client has a $250,000 mortgage insured by the bank and passes away after one year, ten years, or twenty-five years, the bank will only pay off the remaining balance of the mortgage, which decreases over time. In contrast, if insured through an insurance company, the beneficiary will receive the full $250,000, with the option to pay off the mortgage in full, pay part of it, or invest the $250,000 as they choose.
Flexibility:
With insurance from an insurance company, if your client transfers their mortgage to another bank, they are not required to pay higher insurance premiums due to changes in age or health. Conversely, with bank-provided insurance, premiums may increase if the client changes lenders.
Continued Coverage:
If your client insures their mortgage through the bank and pays off the mortgage, they will have no insurance coverage afterward. However, if insured through an insurance company, the client retains the full original insurance coverage even after paying off the mortgage.
Mortgage insurance primarily benefits homebuyers by offering financial protection to lenders, enabling them to secure loans with a lower down payment and potentially achieve homeownership more quickly.
For a smart client who is a 45-year-old non-smoker, a 10-year term insurance policy with a coverage amount of $250,000 is available.
Insurance Pricing
Do you and/or anyone you know need a mortgage?
Earn more than 100% of the commission
Earn 35% of our Mortgage Broker’s finder’s fee (referral fee) while servicing the entire Ontario area, with a focus on complex and last-minute deals.
Myths Of Commission
Other REALTORS may not show discount commission listings.
The real estate market in Toronto consists of tens of thousands of participants, each with their own motivations. While it's impossible to predict how everyone will act collectively, it’s true that traditional commission Salespersons/Brokers are often more motivated to sell properties that offer higher commissions.
You get what you pay for.
An experienced salesperson cannot invest the same level of resources in marketing and promoting a property that offers a discount commission compared to one that offers a full commission. Discounted commissions often lead to reduced marketing efforts, which can affect the property’s exposure and final sale price.
REALTORS charging discount commissions may work part-time.
To determine if the Salesperson/Broker you are considering works part-time or full-time, meeting them in person is advisable. On average, full-time representatives tend to secure more listings, work with more buyers, and close more deals than those working part-time. Full-time professionals are generally more committed due to their reliance on real estate as their primary source of income.
Paying a discounted commission may result in a lower sale price.
A professional who receives less commission may cut corners to reduce costs, potentially leading to less exposure, fewer showings, and fewer qualified buyers. This could result in a lower selling price compared to properties with full commission.
Our Insurance Broker
Our Insurance Broker has been a full-time professional since 1989 and can tailor the right coverage for your client from the most reputable companies.
The computerized insurance search is quite similar to the “MLS” system; we find the right coverage for the right client.
Our experienced Insurance Broker gets several insurance companies to compete, ensuring your client receives the most competitive rates based on their unique lifestyle conditions. This is often different from an insurance agent who works with only one company and is therefore limited to the offerings of that single insurer.
