How to get your License?
Becoming Licensed to Sell Real Estate in Ontario*new rules apply with the Pre-Registration courses as of April 2016**
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A career in real estate is for people who enjoy helping people. You also like:
- Flexibility in your schedule
- Variety in your day
- Being connected to the world with tools and technology like cell phones, PDAs, and laptop computers
Trading in real estate is a dynamic career choice, with market conditions and legislation constantly changing. Life-long learning is essential to retaining your edge. The OREA Real Estate College provides all real estate registration education courses in Ontario. Earn the educational requirements for salesperson registration with the OREA Real Estate College, then upgrade your skills, and stay on top of what's happening in the industry through the educational programs and wide variety of publications we provide.
A career in real estate can mean working in:
- Residential resales
- New home sales
- Condominium sales
- Rural & recreational sales
- Commercial sales
- Property Management
- Appraisal
- Mortgage financing
Ask yourself:
- Do I want to help buyers make the largest single purchase they may ever undertake?
- Do I long for career flexibility, financial paybacks, and great growth potential?
- Do I enjoy the challenge of constant change?
- Am I willing to make personal sacrifices?
Successful salespeople make things happen – they thrive on the opportunities and challenges presented each day. Are you ready to make the commitment? Then let’s get started…
Meet the Requirements
Become a Real Estate Professional in Ontario
The OREA Real Estate College offers courses you will require to become eligible to make application for registration as a salesperson or broker with the Real Estate Council of Ontario (RECO), the profession's regulatory body.
The College also offers a complete program of continuing education courses that will build on your knowledge and skills, and meet the mandatory continuing education requirements of the Real Estate and Business Brokers Act, 2002.
Registration Education Program before you enrol in the Broker Registration Education Program.
Learning Paths
- The Salesperson Registration Education Program Learning Path
- The Broker Registration Education Program Learning Path
The Program begins with the *Pre-registration Segment* which includes 5 courses that must be completed within 18 months of the start dates of the first course.
Following the completion of the Pre-registration Segment, students have up to 12 months to obtain employment with a brokerage to obtain Registration with RECO.
The final part of the Program is the Articling Segment, a mandatory 24 month period following registration as a salesperson.
The courses must be completed in the following order...
COURSE 1 : Real Estate as a Professional Career
Fee: $525
Study Methods:
- 35 Hours of Classroom Instruction
- Correspondence
- e-Learning
- Overview of how the real estate profession works
- What skills are required to succeed
- Importance of economics, demographics and geography on real estate
- Consumer buying habits
- Marketing Methods
- Basic overview of mathematics
COURSE 2: Land Structures and Real Estate Trading
Fee: $545
Study Methods:
- 60 Hours of Classroom Instruction
- Correspondence
- e-Learning
- Municipal planning and land use regulations
- Key elements in the construction of homes and buildings
- Process of determining the value of a property
- Process of trading in real estate
- Appropriate legislation related to the trading process (REBBA 2002)
- Representation relationships
COURSE 3: The Real Estate Transaction - General + Residential
Fee (General): $425
Study Methods:
- 40 Hours of Classroom
- e-Learning
- Correspondence
- An overview of the real estate transaction, from listing agreement through the final sale
Study Method: 40 Hours of Classroom Instruction
- As an alternative, the course can also enroll in a combined 80 hour classroom session of The Real Estate Transaction - General and The Residential Real Estate Transaction
- This course provides a detailed overview of residential real estate transactions from listing agreement through to the final sale, and explores current trends and issues that impact residential real estate.
COURSE 4: The Commercial Real Estate Transaction
Fee: $425
Study Method: 40 Hours of Classroom Instruction
Course Topics: This course provides a detailed overview of a commercial real estate transaction, from listing agreement to the final sale, and explores current trends and issues that impact commercial real estate.
COURSE 5: Real Property Law
Fee: $505
Study Methods:
- 40 Hours of Classroom Instruction
- Correspondence
- e-Learning
Examinations
You must select an examination date and location when you enroll in a course. Examinations are held in examination centres across Ontario.
Requirements for Registration
Real estate is a regulated profession. To practice, you must obtain registration with RECO, and renew your registration every two years.
For more information please contact:
www.orea.com/Help/Contact-Us
Ontario Real Estate Association
99 Duncan Mill Road
Don Mills, Ontario
M3B 1Z2
Tel: 416-445-9910 or 1-800-265-6732
Fax: 416-445-2644
E-mail: info@orea.com
Monday - Friday, 8:30 a.m. - 4:30 p.m
To trade in real estate, you must:
- Be a resident of Canada
- Be at least 18 years of age
- Application for salesperson registration must be made within one year of successfully completing the last course in the pre-registration segment (Phase 3RES or Phase 3COM).
- Complete the required RECO forms
- Submit the appropriate fees
- Have a good past record of financial responsibility and conduct
- Have received a salesperson registration certificate
- Be employed by a registered brokerage
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