Before jumping in, you may wish to check out my last post about "what is real estate license parking" if it is a term you are unfamiliar with.
There are may reasons that a REALTOR, Agent or Broker who holds a valid license in Alberta would choose to become inactive and park their alberta real estate license. Here is a list of common reasons why a Licensee parks their real estate license:
- they are retiring but wish to continue to earn referral commissions from their established client list
- they are taking a break from actively selling due to any number of reasons (such as health, travel, change of life plans, etc)
- they are transitioning their career and wish to maintain their real estate license in good standing
- they have spent thousands of dollars and countless hours in earning their credentials as a licensed Agent and want to maintain them while not practicing real estate for a short or long time
- they do not require to be active in Alberta because they are also Licensed in Ontario, BC, or elsewhere in Canada and are only holding a Parked Alberta real estate license so that they made have access to the market without operating in contravention of Provincial real estate legislation
These are not all the reasons, but cover the most common ones that we often see. Here are a few extra links out to websites which discuss Parking your Alberta Real Estate License as well as real estate license parking in general.
Park and Protect is the largest specialized real estate license brokerage in Alberta. Soon to reach over 100 licensed REALTORS, Agents and Brokers from across Canada.
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