(AREA Chair Kristie Kruger)
As a REALTOR®, I understand the challenges of a commission-dependent business and the worry of lost income should a brokerage fail. This is why in October 2018, I voted – along with the majority – in favour of implementing a commission protection program.
AREA has since extensively consulted the broker community and worked with insurance and legal experts to build out a program designed to protect the commissions earned by members in the event that they are not rightfully paid by their brokerage. AREA members are automatically enrolled with the funds coming from existing member dues.
This program offers an individual claim limit of $250,000 per member per year. AREA’s goal with this program is to ensure that commissions owed to members are paid as quickly as possible. Finally, there is a safety net for the millions of dollars in commission payments members will earn in the years to come.
If you haven’t done so yet, visit the Commission Protection Program page to learn more.
“The measure of success is happiness and peace of mind.” – Bobby Davro
Kristie KrugerAREA Chair