Search results
This guidance on record keeping is applicable to real estate brokers and sales representatives, and real estate developers that are subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and associated Regulations.
Overview. Q1. Is the Program mandatory for Members? Q2. What are the benefits of making the ORWP mandatory for all OREA Members? Q3. Are there any exclusions within the plan due to pre-existing conditions? Q4. How will the ORWP be implemented, and what are the timelines? Q5. Is there a helpdesk number available to Members? VIEW ALL FAQS.
Agents in Ontario must be registered, which requires completing the necessary education, and carrying consumer deposit insurance and professional liability insurance. Real estate agents provide valuable information, advice, and guidance to buyers and sellers
What does the professional liability insurance program cover? The professional liability insurance program administered by RECO provides Errors and Omissions, Commission Protection, and Consumer Deposit insurance coverage relating to the trade in real estate.
Licensing Link is also a valuable tool for insurance consumers. Use it to: Confirm the licensing status of an insurance agent. Confirm the licensing status of an insurance company. Confirm the licensing status of a corporate insurance agency or partnership.
Jun 16, 2023 · The program will include life insurance; critical illness insurance; out-of-country emergency medical travel insurance; and accidental death and dismemberment insurance.
People also ask
Where can I find a list of general insurance forms?
Are Ontario brokerages & real estate agents responsible for their conduct?
How much does a real estate insurance plan cost?
What does a real estate agent do?
FSRA’s role is to ensure agents and businesses that sell life and health insurance comply with Ontario’s laws, including meeting the qualifications and requirements for a license. Resources and guidance are available for you to successfully practice in Ontario.