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As part of RECO’s ongoing electronic service delivery, we are pleased to announce the launch of online transfers and terminations on MyWeb.
As of April 30, 2012, brokers of record and branch managers can perform transfers and terminations for their employees with only 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 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.
For those registrants who don’t already have a MyWeb account, creating one is simple and free by visiting https://myweb.reco.on.ca.
Applications are still available for print and in a fillable PDF format on RECO’s website and MyWeb. RECO staff will continue to process paper applications in a timely manner.