June 11th - 2012

RECO online transfers and terminations

The Real Estate Council of Ontario has launched a new service that allows online transfers and terminations.

The Real Estate Council of Ontario has launched a new service that allows online transfers and terminations. As of April 30, brokers of record and branch managers can perform transfers and terminations for their employees via the MyWeb section of the RECO website with just a few clicks of a mouse. As long as all information entered is accurate and complete, immediate confirmation of the transfer or termination will be provided. The enhancement of online services available on MyWeb is especially significant for registrants who are transferring brokerages. Under REBBA 2002, registrants cannot trade in real estate until their application for transfer is completed. By performing transfers online, registrants will be able to get back to trading immediately. Additional information can be found in the Frequently Asked Questions document and in the Employee Transfer Worksheet, which can be found on the council’s website under the Registration section. Visit www.reco.on.ca for more information.

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For more information contact

Ontario Real Estate Association

Jean-Adrien Delicano

Manager, Media Relations

JeanAdrienD@orea.com

416-445-9910 ext. 246