Registration
Registration

Real Estate Broker (the Brokerage)

1. Registration Requirements:

(a) Individual broker-applicants (i.e. a proprietorship) must be qualified to be an authorized official.

(b) If the applicant is a corporation, the following applies:

  • must name at least one of its “officials” (as defined in the Act) to act as its authorized official;
  • if there is more than one authorized official, one must be designated the broker’s Manitoba Representative;
  • must provide proof of registration as a company under The Companies Act in Manitoba.

(c) If the applicant is a partnership, each member of the partnership who will be engaging in real estate transactions of behalf of the broker must be registered as an authorized official on behalf of the broker.

2. Application for Registration:

(a) Apply for registration on the approved form (Form MG-699 (Rev.00));

(b) Every broker must state in the application an address for service in Manitoba;

(c) Notify the Registrar of each proposed “branch office” (as defined in the Act), of the name and address of the authorized official who will be in charge of the office, and pay the $75 registration fee for each branch office;

(d) Submit the registration fee for the broker of $500 (annual renewal fee is $400).

3. Operating under a Business or Trade Name:

Every broker proposing to operate under a business or trade name other than its own must provide the Registrar with proof of registration of that business or trade name under The Business Names Registration Act of Manitoba.

4. Trust Account:

(a) Every broker must provide the Registrar with evidence that the broker maintains an interest-bearing trust account at a branch of a bank, credit union or trust company in Manitoba, with the interest not claimed by clients payable to The Manitoba Securities Commission pursuant to a completed Broker’s Letter of Direction (this form is available from our office or on this website) which must accompany the application;

(b) Every broker must file with the Registrar annually, within four months after the end of the broker’s financial year, an Annual Trust Account Report prescribed in the Broker’s Trust Account Regulations.

5. Surety Bond or MREA Membership:

File with the application either a surety bond in an amount prescribed by the Regulations or a valid certificate of membership in The Manitoba Real Estate Association’s Real Estate Reimbursement Fund.