Personal Real Estate Corporation

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Business Name

PREC is easy and quick form of corporation for salesperson or broker. Real estate is a regulated profession in Ontario, so all salespersons and brokers must be registered with the Real Estate Council of Ontario (RECO). Please fill all mentioned forms/ fields with best of your knowledge. For corporation registration Govt. required Legal suffix after the corporation name. For example : John Smith Personal Real Estate Corporation.

Your Names / ( distinctive + descriptive)


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Corporation Address

Corporation Address is mandatory to be physical legal address . PO box or UPS store box is not appropriate for Corporation Address. Corporation address can be change anytime in future.



M1L 3W5

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Director: The Controlling Director




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Package Includes

We are committed to provide best quality quick services to Canadian. We have One hour incorporation service with additional cost. Our expert team will review, analyze, reserve and collect name approval from government for incorporation. PREC Package includes:






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Primary Shareholder (The Controlling Director)




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Second Shareholder



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Primary Director: Address



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Third Shareholder



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Fourth Shareholder


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Final Cost

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PREC Corporation Attributes:

  • The controlling shareholder is registered as a broker or salesperson
  • The corporation has one single controlling shareholder (a broker or salesperson who owns ALL the equity shares, which are the voting shares)
  • The controlling shareholder is the president and sole director and officer of the corporation
  • PREC Must be incorporated under the Ontario Business Corporations Act
  • Any non-equity shares (non-voting) must be owned directly or indirectly by the family members (spouse, children, parents, trust for minor child) of the controlling shareholder or by the controlling shareholder
  • There is no written agreement or other arrangement that restricts or transfers the powers of the sole director and officer to manage or supervise the management of the business and affairs of the corporation
  • The PREC cannot carry on a business of trading in real estate other than providing the services of its controlling shareholder to the brokerage.
  • The PREC cannot carry on business as a brokerage or hold any money or property of a client in connection with trading in real estate.
  • The PREC cannot receive remuneration from trading in real estate from any person other than the brokerage.
  • The PREC should register for an HST account with CRA after it’s formed. The salesperson’s current HST account does not transfer.