Personal Real Estate Corporations (PRECs)

OREA's Illustration of Personal Real Estate Corporation

8 Sep

A guide to setting up your PREC: Personal Real Estate Corporation

In addition to completing or honoring all of the steps in the checklist below, and in addition to consulting, legal (i.e. contacting the lawyers at Levy...

16 Nov

Benefits of Incorporation (PREC) for Realtors in Ontario

Thanks to the passing of Bill 145, Trust in Real Estate Services Act, 2020, realtors in Ontario may now incorporate and earn income through a Personal...

7 Oct

Personal Real Estate Corporations (PRECs) are here! What are they and how are they different from any other corporation?

Prior to the end of 2001, professionals could not incorporate their practices except as allowed by the laws that regulated their specific profession (all compliant professional...