Tag: real estate professional corporation

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...

15 Jan

Do we have Personal Real Estate Corporations or a Real Estate Professional Corporations in Ontario?

Simply put, the answer is "No". Unlike other provinces, such as British Columbia, in Ontario Real Estates Salespersons or Brokers cannot self-incorporate as a Realtor and...