The real estate and business brokerage act (REBBA 2002) regulates the real estate profession in Ontario. Business brokerage is considered transacting in real estate within the meaning of REBBA. Some exceptions apply. Please get a full description of REBBA by following this link: The Act
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Canadian Provinces and Teritories have different regulations. A first search in the Real Estate regualtions in a Canadian province will determine if being an intermediary in selling and buying businesses requires a Real Estate registration.