How Does the Transaction Process Work for Parked RECO Realtors?

If you have a parked RECO (Real Estate Council of Ontario) license, you can continue to conduct real estate transactions
just like any other realtor. Whether you’re a new agent or just need a refresher, our support team at Toronto Real Estate Realty Plus  is here to guide you through every step of the process, ensuring a smooth experience for you and your clients.

Making Offers: The Step-by-Step Process

1. Contact the Listing Brokerage

• When your buyers express interest in a property, prepare the offer paperwork promptly.
• Reach out to the listing brokerage and the listing agents to register your offer.

2. Submit the Offer

• Prepare and submit the offer to the listing brokerage as you would normally.
• Communicate with the listing agents to discuss the offer presentation and any required follow-up.

Listing Properties: Process for TREB Members

1. Prepare Your Listing

• Draft your MLS listing and submit it directly to the appropriate MLS system.
• Include showing instructions, such as lockbox details and any specific showing protocols.

2. Coordinate with Buyers and Sellers

• Manage all communications and negotiations directly with your clients and the listing brokerage, ensuring clarity
  and professionalism throughout the process.

Listing Properties: Process for Non-TREB Members

1. Prepare Your Listing

• Gather all necessary information for listing the property.
• Send this information to your brokerage for preparation and uploading to the appropriate listing platforms.
• Include showing instructions, such as lockbox access and how to arrange showings.

2. Coordinate with Buyers and Sellers

• Handle all communications and negotiations directly with your listing clients and your brokerage, maintaining a proactive approach to client service.

Benefits of a Parked RECO License

Continue Your Real Estate Activities with Confidence

Having a parked RECO license does not impede your ability to write offers, assist buyers, or list MLS properties. You can continue to operate effectively and professionally, providing comprehensive real estate services to your clients.

Get Started Today!

For more details on how to navigate the real estate transaction process with your parked RECO license, schedule a Zoom
chat with our team. We’re here to help you take the next step in your real estate career.

👉 Click here to schedule your Zoom chat!