Real Estate Services
Real Estate License Parking
Sometimes called warehousing or shelving, parking is the term used for registering your real estate license with a licensed brokerage office that does not belong to a real estate board (TRREB, BREB, DREA, MREB, and OREB) or any association (CREA and OREA). You are still a fully licensed registrant with RECO, but you do not have to pay any of the associated dues or fees related to the boards or associations.
The parking office is not a member of any board or association, but it is registered and fully licensed by RECO. Salespersons and brokers at this office are parking their licenses and can trade in real estate anywhere in Ontario as fully licensed real estate professionals.
Remember, you get your license from RECO.
All the 40+ boards and associations in Ontario do not give you the license to trade in real estate; they just offer you some services.
"When you’re not active, you don’t pay monthly dues."
Services
How to sign up online
The steps to move your license to Net More Real Estate are the same as signing up with any other brokerage, but much less expensive.
Please select one of the options that applies to you and include it in your subject line when you email us:
For individuals currently registered with a brokerage, or those who have been terminated or resigned within the last 60 days.
For those whose license has lapsed beyond 60 days but less than 2 years.
For new real estate salespersons, first of all, congratulations! It was a challenging and costly journey, but you’ve made it.
FAQ
Most frequently asked questions
This option is suitable for salespersons and brokers who do not want to pay TRREB, OWRP, OREA, CREA, or any other fees to their local board or association.
There is no time limit on how long you can be registered with our brokerage. You can stay as long as you like, provided you maintain your license with RECO.
You can work from your home office or meet your clients in our meeting rooms, available 24/7, 365 days a year.
Our meeting rooms can accommodate up to 12 people in comfort and style, offering free internet access (WiFi), a big screen monitor, and complimentary tea, coffee, and purified water. You pay a small fee only when you need to use them.
Our Broker of Record is available from 9:00 a.m. to midnight, 365 days a year. Upon request, we will email you all the necessary forms, prepare offers and listings with related documents free of charge, and provide assistance with any clauses you may need. If desired, we will review all documents before you submit them to your clients for signature, also free of charge. We are committed to assisting and supporting you to ensure your success. Additionally, we have a team of top Mortgage Brokers, Lawyers, and Home Inspectors in the business.
All salespersons and brokers at our offices receive 100% commission on each deal, subject to an administration fee of $349 + HST per deal. However, the administration fee for the first transaction of each calendar year will be 10% of the commission.
Protect your commission by ensuring that the ‘Confirmation of Cooperation’ form is signed by all parties.
List your properties on MLS through our Toronto office. Our brokerage lists properties on MLS across 40 boards and associations throughout Ontario for a small fee, ranging from $35.00 to $100.00, as per the Listing Referral Agreement.
You can trade in real estate (work with buyers and sellers) anywhere in Ontario as a fully licensed real estate professional. Additionally, you can receive referral fees from any registered real estate sales representatives or brokers throughout Canada and the USA. You will keep 100% of all referral fees, minus our brokerage’s administration fee.
You can switch from the Parking office to the Toronto office at any time.
We will email you updates on any recent changes relevant to real estate regulations, procedures, and practices as soon as they are published.
Our administration fee for holding your license is $129 + HST every 365 days for Ontario.
Where our agents come from
Many smart salespersons and brokers have already signed up with us after resigning from:
Common Mistakes When Selling a Home
Most frequent errors and how to fix them.
With more buyers discovering properties online, high-quality photos and videos are crucial. Before taking any pictures, ensure your home is thoroughly de-cluttered, both inside and out, and consider staging tips to make the rooms appear larger. Photos taken with a smartphone may not make the best impression. To achieve optimal results, have all photographs taken by a professional.
In addition to listing on the MLS, your home should be marketed on social media and advertised directly to real estate agents, both locally and internationally. Foreign investors often view Canadian real estate as a secure investment, so reaching every potential buyer is crucial.
A home typically attracts the most interest within the first two weeks of listing. Overpricing can deter buyers and cause your property to linger on the market, which may raise questions about its condition. Set a realistic sale price by reviewing recent sales in your area and comparing your home to similar properties.
Potential buyers may want to view your home at various times, including evenings or weekends. If you are inflexible with viewing times, buyers may choose another property where the owner is more accommodating.
Many buyers prefer to close before the school year begins to minimize disruption. Aim to list your home between April and June, as closings usually occur about 60 days after an offer is accepted. Avoid listing during the summer when many people are on vacation.
Properties that face less desirable features, such as backing onto a hydro line, can be less appealing. Request feedback from viewers who decide not to make an offer and address any concerns or adjust your price accordingly. Be transparent about any known issues, as potential buyers will likely inquire with neighbors during their due diligence.
Choosing an agent based solely on the lowest commission can be a costly mistake. Evaluate agents based on their marketing strategies, social media presence, and client references. Make sure to select an agent who is well-equipped to handle the sale of your home effectively.