The short answer
To switch brokerages in Ontario, give your current brokerage written notice; your new brokerage then transfers your registration in RECO's MyWeb portal within 60 days of the termination's effective date, not backdated more than 30 days. Listings belong to the brokerage, so moving one needs the seller's agreement. Plan dates before resigning.
Switching brokerages: key facts
- Who files the transfer
- Your new brokerage, in RECO's MyWeb portal
- Deadline
- Within 60 days of the termination's effective date; not backdated more than 30 days
- Trading during the move
- Only while registered with and employed by a brokerage
- Active listings
- Held by the brokerage; moving one needs the seller's consent
- RECO transfer fee
- $25 today; RECO has proposed $102 from January 1, 2027 (consultation)
Why Summitly for switching brokerages
We file the transfer
As your new brokerage we complete it in MyWeb and plan dates with you.
Terms published
Both packages and every fee are on this site — compare them before you resign.
A platform on day one
Zara, valuations, MLS® search and market reports from your first week.
Three ways to work
Package A, Package B or Brokerage Leads
Two packages for the business you bring, and the Leads Plan with a 50/50 split on leads the brokerage provides. Pick the package that fits your year — the numbers are all below.
Package A
95/5
you / brokerage, on sales
- $200 + HST a month
- $799 + HST on each of your first 4 deals a year, then none
- A $500 brokerage minimum applies; see your agreement for details
Who it's for: Agents with steady deal flow who want the highest split from the first dollar.
Package A in detailPackage B
90/10
you / brokerage, on sales
- $125 + HST a month
- $499 + HST on each of your first 4 deals a year, then none
- 95/5 after $100,000 GCI (resets January 1)
- A $500 brokerage minimum applies; see your agreement for details
Who it's for: Newer agents and anyone building up — lower fixed costs, and 95/5 once you pass $100,000 GCI in the year.
Package B in detailLeads Plan · Brokerage Leads
50/50
on deals from leads the brokerage provides, sales or leases
- $299 + HST a month
- No transaction fees
- 90/10 on the business you bring yourself
- No charge per lead — buyer or seller, sales or leases
- Warm and never shared — each lead goes to one agent
- From summitly.ca enquiries, Summitly apps, Zara AI conversations, ads and more
- Worked in the brokerage CRM
Who it's for: agents who want brokerage leads and a mentor to help close them. Agents who want leads join the Leads Plan.
How Brokerage Leads work| Term | Package A | Package B | Leads PlanBest if you want leads |
|---|---|---|---|
| Monthly fee | $200 + HST | $125 + HST | $299 + HST |
| Transaction fees | $799 + HST on each of your first 4 a year, then none | $499 + HST on each of your first 4 a year, then none | None |
| Split on your own deals | 95/5 | 90/10, 95/5 after $100,000 GCI in a calendar year | 90/10 |
| Brokerage Leads | Not included | Not included | Included: 50/50 on deals from them, no charge per lead |
| Best for | Steady producers who bring their own business | Newer agents building their own business | Agents who want warm leads and help closing them |
All amounts before HST. Full terms are in the Independent Contractor Agreement you review before joining.
All amounts before HST. No annual cap. Residential and condo leases: $250 + HST per side. A $500 minimum brokerage share applies per completed transaction, starting with transaction 5 in each calendar year; see your agreement for tax treatment and details. Full terms are in the Independent Contractor Agreement you review before joining. At four deals a year, Package B costs less below about $42,000 of GCI and Package A above it. Every fee, explained.
Take-home calculator
Your take-home, Package A vs Package B
Put in your year. The calculator shows what each package costs you and what you keep — before HST.
Which package fits you?
Move the sliders to your year. We add up the split, twelve monthly fees, transaction fees on your first four deals, the $500 brokerage minimum, Package B's move to 95/5 above $100,000 and lease fees.
Package A costs $2,900 less a year at these numbers. With 8 deals, the two packages cost the same at about $54,667 of GCI — below that Package B costs less, above it Package A does.
Package A · 95/5
$107,904
take-home · you keep 89.9%
Brokerage cost $12,096
Package B · 90/10
$105,004
take-home · you keep 87.5%
Brokerage cost $14,996
| Before HST | Package A | Package B |
|---|---|---|
| Split | $6,000 | $11,000 |
| Office minimum top-up | $0 | $0 |
| Monthly fees × 12 | $2,400 | $1,500 |
| Transaction fees | $3,196 | $1,996 |
| Lease sides | $500 | $500 |
| Total to the brokerage | $12,096 | $14,996 |
Illustration, not an offer: CAD before HST; GCI spread evenly across your sale deals; lease commissions are not in GCI, so lease sides only add their flat fee (the same on both packages). Leads the brokerage hands you are split 50/50 and are not included here. A discretionary $1,000 bonus at $250,000 GCI is not counted. Your agreement governs.
Included
Everything included at no extra cost
- 24/7 office accessRound-the-clock access to the Vaughan office and a dedicated work area.
- Up to 200 copies a monthUp to 200 black-and-white copies every month.
- 500 business cardsYour first order of 500 business cards is free when you join.
- Professional headshotOne professional headshot.
- Social graphics for every dealBranded social-media graphics for every new listing and every sale.
- Listing & buyer kitsListing presentation kits, buyer and seller packages, and pricing and market-intelligence tools.
- Event items to borrowBorrow a branded tent, banners and a table cover for events.
- Open-house technologySign-in systems, QR codes, digital feature sheets and automated follow-ups; some devices at cost.
- CRM & back-end systemsThe brokerage CRM, back-end systems and Coldwell Banker marketing and technology tools, with full training.
- Summitly AI platformAI search, market intelligence, Zara chat and automation.
- Global Luxury & CommercialColdwell Banker Global Luxury and Commercial specialty programs, open to every agent.
- In-house mortgage partnerRefer clients to our mortgage brokerage partner. Any referral fee is paid to the brokerage, not to you directly, and must be disclosed to your client in writing, with its estimated value, before they proceed (RECO Bulletin 3.3).
- Preferred vendor discountsDiscounts with the brokerage's preferred vendors.
Included at no extra cost. Optional and paid: Done-for-you marketing (video, posting and social management, paid campaigns). Teams, shared administrators and unlicensed assistants are allowed.
Signs it is time to switch
- Your all-in cost has grown faster than your production.
- You are buying most of your own leads, tools and marketing.
- You cannot get timely answers from your broker of record.
- You want a different brand or model behind your listings.
The RECO transfer, step by step
- Give your current brokerage written notice; RECO's transfer records that notice, who initiated it and its effective date.
- Your NEW brokerage completes the transfer in RECO's MyWeb portal using your RECO registration number — you do not file it yourself.
- Timing: the new brokerage processes the transfer in RECO's MyWeb portal within 60 days of the termination's effective date, and the transfer date cannot be backdated more than 30 days.
- You can trade only while registered and employed by a brokerage, so line up your notice date and the transfer date before you resign.
- RECO confirms the completed transfer by email.
Listings, buyer agreements and pending commissions
Representation agreements are made with the brokerage, not the individual agent. A seller or buyer can choose to move with you, but it needs their agreement and the brokerages' cooperation — never assume it. Commission on deals already closed is governed by your current agreement, so list every in-flight deal and its expected closing date before you give notice.
Switching to Summitly
We complete the RECO transfer as your new brokerage and work through the timing of your active business with you. Summitly (Coldwell Banker Summit Realty) has two packages for your own business. Package A is a 95/5 split with a $200 + HST monthly fee and $799 + HST on each of your first 4 completed transactions in a calendar year. Package B is 90/10 with $125 + HST a month and $499 + HST on the first 4, moving to 95/5 for the rest of the year after $100,000 GCI. A $500 minimum brokerage share applies per completed transaction, starting with transaction 5 in each calendar year; see your agreement for tax treatment and details. To receive brokerage leads, agents join the Leads Plan: $299 + HST a month, no transaction fees, 90/10 on their own deals, and 50/50 on deals from leads the brokerage provides.
Brokerage Leads
We give you warm leads. Never shared. And we help you close them.
When someone contacts Summitly about buying, selling or renting, we hand the lead to one agent — you. Agents on the Leads Plan ($299 + HST a month, no transaction fees, 90/10 on your own deals) receive them: no charge per lead, 50/50 when it closes, and a senior broker to help you convert. We don't promise a number of leads.
- Warm: they contacted us first
- Not shared: one lead, one agent
- Leads Plan: $299 + HST a month, no transaction fees · 50/50 on close
- Coaching to convert, every step
Book a confidential conversation
Tell us about your business and we'll show you which package fits, how Brokerage Leads work and who your mentor would be — no pressure, fully confidential.
Switching brokerages: frequently asked questions
How do I switch real estate brokerages in Ontario?
Give your current brokerage written notice; your new brokerage then completes the transfer of your registration in RECO's MyWeb portal — the new brokerage processes the transfer in RECO's MyWeb portal within 60 days of the termination's effective date, and the transfer date cannot be backdated more than 30 days. Plan your active listings and deals before you resign.
Can I keep trading while my RECO transfer goes through?
Only while you are registered with and employed by a brokerage. Agree the notice and transfer dates with both brokerages before you resign so there is no gap.
Will I lose my listings if I switch?
Listings are held by the brokerage. A seller may agree to move with you, but that needs their consent and the brokerages' cooperation, so discuss timing with your new brokerage before giving notice.
How much does a RECO transfer cost?
RECO's transfer fee is $25 today. In August 2026 RECO consulted on raising it to $102 from January 1, 2027; that is a proposal, and RECO has said it will give at least 60 days' notice of any change.
Is it worth switching brokerages?
It is worth it when the all-in cost and support elsewhere meaningfully improve your net income and business. Compare offers in writing — split, every fee, cap, leads and support — at your realistic deal count.
Sources
- RECO — Employee transfers and terminations — checked September 25, 2026
- RECO — Making changes to your registration — checked September 25, 2026
- RECO — Proposal to revert registrant fees to 2022 levels (consultation, August 11, 2026) — checked September 25, 2026
Summitly is the technology platform of Coldwell Banker Summit Realty, Brokerage, a brokerage registered with the Real Estate Council of Ontario (RECO), 310-3100 Steeles Ave W, Vaughan, ON L4K 3R1. Each Coldwell Banker office is independently owned and operated. Agents join as self-employed, commission-based independent contractors, not employees; terms are those of the brokerage's agent agreement, and fees are before HST. Verify any brokerage or agent on the RECO public register.
