Join Century 21 Leading Edge! A new model of brokerage is emerging after being vetted by RECO and operating within the Real Estate and Business Brokers Act 2002 (REBBA 2002) legislation that is called a Sub-Brokerage but defined by RECO as a separate brokerage having the same rights, requirements and obligations as any other brokerage.
Sub-brokerages operate as a brokerage franchise under the local brokerage* masthead sharing office space and services while maintaining a certain level of independence afforded through incorporation and the sub-franchisee agreement. The operating limitations imposed upon the sub-brokerage owner can vary greatly according to the national brokerage franchise terms and the additional limits imposed by the local name brokerage agreement.
