Accounting Services For Realtors

As a realtor, you may operate as a sole proprietor or under a special incorporation called a Personal Real Estate Corporation (PREC).
As a realtor your have many unique expenses that other professionals or businesses wouldn’t have, and each realtor’s situation varies. For example, desk fees, commission splits may vary depending on brokerage and/or level of sales and other factors. Entertaining clients, providing client and/or referral gifts and travelling/vehicle expenses are a big part of your business.

PREC’s have special restrictions that other incorporated companies do not. For example:

1. ownership structure is limited (the real estate professional must be the controlling individual)
2. a PREC cannot conduct any other business other than real estate services and ancillary services directly associated with the provision of real estate services (i.e. – a support service directly related to real estate services)

These are only 2 of the many restrictions and conditions that apply to PREC’s, to find more information please visit A Guide to Personal Real Estate Corporations | RECBC.

We are experienced in all the requirements and able to provide all required services for realtors in BC. Our staff undergo continuous professional development, including the Real Estate Course through the UBC Sauder School of Business to ensure we are up to date on the changes in the industry and have training in the field, so we fully understand your needs. Contact us to discuss your needs!