How to Choose a Real Estate Agency

The facts are that not all real estate agents are created equal, they are not trained the same way and they do not all get good education. Most agents come into the real estate business thinking all they have to do is go to school and pass a test to get licensed and their ready to hit the streets to sell homes.

This something that further from the truth just because someone passes a test does not mean they have the knowledge and expertise to handle the largest purchase of someone’s life. One of the biggest issues that are always apparent is the lack of education agents receive after they receive their license.

So how can you identify a true Professional?

This is something that is really easy to identify who has invested in training and education it all in the letters after the person’s name. If you see and agents sign or ad and you see letters after their name this means they have continuing education. Don’t think for one moment that just saying they are a Realtor means they have training and the experience to help you make the purchase of a lifetime.

So what Letters are important to see?

Well for starters there is the GRI if you see this it means this agent a Graduate of the Real Estate Institute. But it does not stop there because there is GRI 1 through 6. The agent who graduated from all six levels has over 180 hours of classroom study and has been in the real estate business for over two years.

If you see CRS this means Certified Residential Specialist meaning they have been in the real estate business for some time and have taken extensive training not just anyone can receive this designation it’s an honor.

The letter ABR is that this person has taken training as a Accredited Buyers Representative to work with buyers and offer special knowledge that focus on buyer needs which are different then Seller of Real Estate.

There are many different designations that one could achieve in real estate and the more letters after ones name the more this professional believes that by receiving extensive training and education the more they believe in the service to their clients. It also shows that they are at the top 1% of all real estate people because just having a license and paying the real estate board dues does not make one a professional in the field of Real Estate.

Toronto Real Estate Board – Function and Purpose

The Toronto Real Estate Board (TREB) was founded in 1920 by a small group of real estate practitioners. TREB is now Canada’s largest real estate board. There are more than 23,000 Members of TREB.

As stated in their policy manual, the Toronto Real Estate Board (TREB) is committed to advancing the interests of real estate sales people and brokers who comprise of TREB’s membership. Members of TREB are also members of the Ontario Real Estate Association (OREA) as well as the Canadian Real Estate Association (CREA).

The Toronto Real Estate Board is the main real estate board in the Greater Toronto Area (GTA) that is the home board for real estate agents in the GTA and surrounding areas. These agents belong to and use TREB on a daily basis to promote the mls listings of their clients. Members also utilize the mls data in the area. TREB is one of the largest organized real estate boards in all of North America.

TREB is also responsible for membership, ethics and arbitration decisions and mandates much of the direction of the membership with regards to the public and the government.

REALTORS® who are members of TREB are licensed professionals who must abide by a strict code of ethics and meet continuing education requirements to maintain their status.

The Multiple Listing Service (MLS®) should not be confused with any information advertised on any site or the multiple listing service site operated by CREA. The Multiple Listing Service is a tool accessed only by REALTOR® members with extensive depth and functionality.

Toronto Real Estate Board Members utilize various fundraising events to raise money to make significant contributions to local and national charities such as the Hospital for Sick Children and Habitat for Humanity Toronto. These fundraising activities have also resulted in the construction of a Habitat home for a family in need.

The Toronto Real Estate Board issues news releases twice a month. This includes a full statistical update on local real estate market conditions at the beginning of each month. The publication is called Market Watch and is available from any member realtor

ConclusionThe Toronto Real Estate Board is a very large real estate board that runs the MLS system for listings in the area. TREB helps many agents in the greater Toronto area supply timely and relevant information purchasers and to promote vendor client listings across the GTA and the Southern Ontario region.

Ontario Real Estate Agents Now Have an Option to Move and Park Their Real Estate License

Park your real estate license is now a term used by hundreds of agents registered with the Real Estate Council of Ontario. Those practitioners who seek out such a service are usually agents that need to have their license held by an active Brokerage and one that has been a recognized name in the Ontario real estate Brokerage industry for over many years. Brokerage holding or parking companies have been assisting real estate agents with a better option if they decide to park their license with a non member Brokerage, thereby saving on the board fees and dues. The main service a holding Brokerage provides is a place for agents to park their license for a small fee and this would allow the agent to carry on with whatever other plans they may have. For example, full-time agents switching to part-time, women going on maternity leave, a change of profession etc. etc. When searching for a Brokerage that will allow you to have your license parked, make sure you do your due diligence and seek advice from others you may know who have already parked their license. Locate and interview prospective Brokers and hopefully you will find a Brokerage that has been and continues to be a proud holding company for those real estate agents who are parking their license and taking a break from real estate sales in Ontario.

The main difference between a board member Brokerage and a non member one are basically the costs incurred. If the Brokerage is a Board member then each agent registered with that Brokerage must be a member too. This means that the agent will be expected to pay the Board a yearly membership fee for that privilege. The fees for such a membership could be as high as $1500.00 per year. This may or may not include other association fees and dues.

If an agent is not selling much real estate and therefore not earning a sufficient income, he or she may strongly consider parking their license with a Brokerage that is not a real estate Board member. A new agent just licensed may consider parking it too while they also consider their options. With a parked license, agents may still trade in real estate but would do so without the benefits of a real estate Board. In this case they may cooperate with a Board member and share the business or they can enter into an agreement with a Board member to cooperate with a non member.