Becoming Licensed to Sell Real Estate in Ontario

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

Course 1
Course 2
Course 3 General & Course 3 Advanced Residential
Course 3 General & Course 3 Advanced Commercial
Real Property Law
Principles of Appraisal
Real Estate Investment Analysis
Principles of Mortgage Financing
Principles of Property Management

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
• Consider the recommended personal skills
• Meet the technical requirements

Course 1

Fee: $440 (includes Learning Package)

This course will provide:

• A general overview of the real estate profession and how it interacts with other elements of our society.
• An overview of how the real estate profession works and what skills will be required.
• An exploration of the importance of economics, demographics and geography on real estate values.
• An investigation of consumer buying habits and marketing methods.
• A basic overview of mathematics.

The Course 1 Learning Package includes a course text for correspondence students. E-learning students use an online course text. A complimentary carrying case is provided.

Study Methods

• E-learning
• Correspondence

Course 2

Fee: $470

Pre-requisite: Successful completion of Course 1.

The student will:

• Be provided with an overview of how land and property is registered and how ownership occurs.
• Examine municipal planning and land use regulations.
• Identify the key elements in the construction of home and buildings.
• Review the process of determining the value of a property.
• Review the process of trading in real estate, including appropriate legislation (REBBA 2002), as well as the concept of representation relationships.

Study Methods

• E-Learning
• Correspondence
• 60-hour Classroom session

Course 3 General - The Real Estate Transaction & Course 3 Advanced - The Residential Real Estate Transaction

Fee: Course 3 General $330
Fee: Course 3 Advanced Residential $330

Pre-requisites: Successful completion of Course 1 and Course 2

This course will provide a detailed overview of the real estate transaction, from listing agreement through to the final sale.
Students in the pre-registration segment of the program must complete Course 3 General and either Course 3 Advanced Residential OR Course 3 Advanced Commercial. The remaining Course 3 Advanced not selected must be taken during the Articling segment.
Please note: Course 3 General need not be repeated during the Articling segment.

Read about Course 3 Commercial

Choose from one of the following study methods:

• The E-Learning study method is available for Course 3 General only. The e-Learning portion is followed by 40 hours of classroom work.
• Correspondence plus 40 hour Classroom
• Students who enrol for the e-Learning or correspondence segment must, at the same time, select and enrol for the subsequent 40 hour classroom segment to take place following the suggested completion date (approximately 30 days as noted on the e-Learning and correspondence schedule below).
• 80 hour Classroom

For more information please contact: http://www.orea.com/en/OREA-Real-Estate-College/Programs-and-Courses/Become-a-Real-Estate-Professional

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