Tag: real estate salesperson

Tag: real estate salesperson

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...

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...

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...