The process of getting a real estate license is not simple. Not many people will be ready to easily give up their license once they have acquired one. This is why when a person is thinking about leaving the trade for a while; it creates some level of apprehension. Some of the situations that can lead to one wanting to shelve their license include going on maternity leave, illness, and retirement among others. When you park your permit, you are leaving your options open. Below are things you should know before you shelve real estate license Ontario documents.
There are many benefits that come from parking the permit as opposed to just leaving. The first is that when it is parked, you will still have the ability to refer past clients, friends, and relatives and collect the referral fees. This means that even if you are not actively involved, you are still earning from the trade.
Also, shelving protects your name. You will always be better placed when you want to make your way back to the industry. The moment you just leave and perhaps disregard parking your permit as trivial, you make it harder for any other time you may wish to get back. Once your name has been scrapped from the databases, you will have to undergo training and the necessary assessments before they consider enrolling you.
On the same note, even while away, you will still be submerged in that industry. You will have all the time to get updates on anything new that hits the market. This means that you will be better placed, in fact almost as someone who is active in the market. When the time comes for you to get back into the venture, you will not have much to learn about, and re-entry will, therefore, be much simpler.
The other benefit that comes from this process is that you will always get notifications regarding education and insurance. Most of the times, when people just leave the industry, there is no way they can receive communication on the events that are taking place in the industry. The person who parks their permit gives the institution they have parked with the responsibility of notifying them when there are changes happening in the trade.
Brokers may tend to continue coming your way. Whether or not you are in the industry, they believe you have the knowledge to help them. Some may even come specifically in need of referrals. This will be an opportunity for someone who shelved their license.
It is important to ensure that you use a company that is a member of the relevant Real Estate Authorities. This will assure you that you will be allowed to practice after you have finished your time off.
These are the many benefits that come from shelving. Take time and choose a reliable company to handle the process for you. As long as you have a competent provider for the services, your benefits from the business will be spared from going to waste, and you will have an easy time getting back to the business when the right time comes.
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