Reduce ongoing costs
No board, MLS, OREA, CREA, ORWP or desk fees are included in the advertised parking plan. Applicable RECO and insurance fees remain payable.
Ontario real estate licence parking · Yes Realty Inc.
Keep Your Real Estate Licence.
Not the Expensive Brokerage Fees.
Park your Ontario real estate licence from $7.99/month or $79.99/year. Reduce overhead while maintaining your RECO registration obligations and staying connected to referral opportunities.
No MLS fees · No board fees · No desk fees on parking plans
$79.99/yearAnnual parking plan
Keep your options open
Why park your real estate licence in Ontario?
Whether you are taking a break, exploring another career, or reducing business expenses, our Ontario real estate licence parking services offer a simpler, lower-cost brokerage arrangement.
Maintain RECO registration
Stay registered with an Ontario brokerage while meeting your continuing RECO obligations, including required insurance and registration renewal.
Keep referral opportunities
Eligible referrals may be handled through the brokerage, with no percentage split and a $199.99 administration fee per completed referral transaction.
Transparent pricing
Simple Ontario licence parking plans
Monthly Parking
$7.99 /month
Flexible month-to-month pricing
- No desk fees
- No board or MLS fees in this plan
- Eligible referral arrangements
- RECO fees and insurance extra
Annual Parking
$79.99 /year
Equivalent to about $6.67/month
- Same advertised parking benefits
- No desk fees
- Eligible referral arrangements
- RECO fees and insurance extra
Separate Trading Plan
$9.99 /month
Subject to brokerage approval and terms
- Advertised 90/10 commission split
- Board and MLS charges may apply
- Trading privileges require compliance
- Request full written plan details
All prices in CAD. Confirm taxes, cancellation, brokerage agreements, RECO transfer/registration and insurance costs before proceeding. The trading plan is separate from parking.
Referral opportunity
Earn eligible referral fees while parked
Introduce clients to registered Ontario salespersons or brokers through a brokerage-approved referral arrangement. The advertised model has no percentage-based referral split, with a $199.99 administration fee per completed referral transaction.
All referral remuneration must be handled through the brokerage and comply with applicable requirements. This does not guarantee a referral payment or permission to trade independently.
Ask how referrals work →YOU
Registered agent
→Registered agent
YES REALTY
Brokerage review
→Brokerage review
REFERRAL
Eligible agent
Eligible agent
Simple process
How to park your real estate licence
01
Choose a plan
Compare monthly and annual licence parking options.
02
Contact the brokerage
Confirm eligibility, fees and the written agreement.
03
Complete your transfer
Coordinate resignation and registration transfer under RECO procedures.
04
Maintain good standing
Keep up with registration, insurance and other RECO obligations.
Common questions
Ontario real estate licence parking FAQs
What does it mean to park a real estate licence in Ontario?
Licence parking commonly refers to transferring your registration to a brokerage with a lower-cost service arrangement while maintaining applicable RECO registration requirements. It is not a separate RECO licence category.
How much does licence parking cost with Yes Realty?
The advertised parking plans are $7.99 per month or $79.99 per year, excluding applicable RECO registration and insurance fees. Confirm any taxes and additional charges before enrolling.
Will I still have to pay RECO insurance and registration fees?
Yes. RECO registration and mandatory insurance obligations continue to apply. The brokerage parking fee does not replace these requirements.
Do I need MLS, board, OREA or CREA membership?
The advertised parking plan does not include MLS, real estate board, OREA, CREA, ORWP or desk fees. Membership requirements and eligibility for specific services depend on your activities and applicable rules.
Can I earn referral fees while my licence is parked?
The brokerage advertises eligible referral arrangements through the brokerage, subject to applicable rules, written agreements and brokerage approval. Do not negotiate or receive regulated remuneration outside the brokerage.
Do I keep 100% of referral fees?
Yes Realty advertises no percentage-based split on eligible referrals, with a $199.99 administration fee per completed referral transaction. Your net payment is the referral amount less that fee and any applicable deductions.
Can I buy, sell or show properties while on the parking plan?
Do not assume the parking plan includes active trading, MLS access or showing privileges. Ask the Broker of Record about the separate trading arrangement and all required approvals, supervision and memberships.
How do I transfer my RECO registration?
Provide written notice to your current Broker of Record and coordinate with the receiving brokerage. RECO explains that the new brokerage processes the transfer through MyWeb; applicable RECO fees may apply.
Can I cancel at any time?
Contact the brokerage for the written cancellation and refund terms, including whether prepaid annual fees are refundable. A registration transfer or termination may require separate RECO steps.
Is licence parking suitable for agents taking a break?
It may suit registered Ontario salespersons or brokers who want to reduce ongoing brokerage costs while keeping registration active, provided they meet RECO obligations and understand limitations on trading.
Ready to lower your licence-holding costs?
Ask Yes Realty Inc. about Ontario licence parking and find the right plan for your situation.