All real estate and mortgage broker industry members must have their registration renewed no later than September 30, 2009. The RECA Online system is available for brokers to renew industry members registered with the brokerage. Payment may be made online through Visa or MasterCard and is applied to the brokerage account immediately in order to begin the processing of applications. Payment may also be made by one cheque payable to RECA in an amount to renew all industry members of the brokerage. Please allow two working days after receipt by RECA for the brokerage cheque to be credited to the brokerage account.  

All brokers should have received a renewal information package in the mail from RECA. Upon receipt of the package:

• review the renewal instructions and material contained in the package
• log-in to the RECA Online system, and download renewal forms for each industry member registered with your brokerage
• have your industry members complete their renewal forms, and ensure the completed forms are commissioned by a Commissioner for Oaths and signed by the industry members
• review the completed application forms and complete the broker acknowledgement portion
• process renewals for each industry member registered with your brokerage using RECA Online

Do not wait until the last minute to process renewals. If there are unforeseen issues that cause a delay, an industry member’s registration may not be renewed by September 30.

There are no professional development requirements for real estate and mortgage broker industry members to complete by September 30, 2009.

If any industry member registered with your brokerage answers ''YES'' to a question in Section C - Information Respecting Suitability, the completed application MUST be sent to RECA for processing along with any and all supporting documentation from the industry member in question. ''YES'' answers should only be given with respect to events and/or situations that have occurred since the date of the industry member’s last application.

If you have questions about the renewal process, please contact your broker. If your broker cannot answer your question, please have your broker make the inquiry to RECA as broker inquiries are given priority response.

 

 

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