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Knowledge centre

Ontario Real Estate Licence Parking Resources

Practical answers for Ontario salespersons and brokers considering a lower-cost registration arrangement.

Licence parking

What is real estate licence parking?

Licence parking is a commonly used term for a lower-cost brokerage registration arrangement, not a separate registration status created by RECO. You still need to meet regulatory obligations.

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Fees

Monthly vs annual parking: which costs less?

Twelve monthly payments at $7.99 total $95.88. The advertised $79.99 annual plan saves $15.89 over 12 months, before taxes and other costs.

Compare plans →

Referrals

Can parked agents earn referral fees in Ontario?

Ask about a brokerage-approved referral arrangement. Yes Realty advertises no percentage split and a $199.99 administration fee per completed eligible referral transaction.

Ask about referrals →

Compliance

RECO registration, insurance and transfers

RECO requires registrants to participate in its professional liability insurance program. Brokerage transfers also have formal steps and may involve fees.

Read RECO registration FAQs ↗

Memberships

Do you need board or MLS membership?

Our advertised parking plan excludes MLS and real estate board memberships. Confirm which services and activities are available under your specific brokerage arrangement.

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Getting started

How to transfer to Yes Realty Inc.

Contact the brokerage, review the written agreement and coordinate the transfer through the required RECO process.

See the steps →