Becoming Licenced to sell in British Columbia and Yukon
Step 1
- Qualify for licensing by taking the Real Estate Trading Services Licensing Course offered by the University of British Columbia, Sauder School of Business (Real Estate Division). It is a self-paced correspondence course comprised of 20 multiple-choice assignments and a 3-hour multiple choice final exam. Individuals may register for the course at any time and have one year from the date of registration to complete the course, however, on average, most individuals complete it within six months based on completing one assignment a week usually spending 10 – 12 hours per assignment.
- Many students find the Real Estate Trading Services Licensing Course difficult. They either drop out or are suspended from the course because they are unable to keep up to the required standard. Do you feel confident that you can successfully study and master the basics of such subjects as financial statements, mortgage finance, local taxation on real estate, building construction, law of mortgages, law of contracts, elements of appraisal, law of agency, title registration of land and local government?
- For more course information and online course registration, please visit the UBC Real Estate Division's Real Estate Trading Services Licensing Course webpage.
- IMPORTANT NOTE ABOUT EXTERNAL TUTORS/LECTURES. Students are encouraged to take advantage of the Tutorial Assistance and Lectures provided with their Trading Services Licensing course rather than spending additional money on external tutors/lectures. It is important to note that the Real Estate Council and UBC Real Estate Division have no ties with tutorial classes provided by other members or organizations of the real estate industry and do not monitor or check the services they provide. Therefore, the Real Estate Council and UBC Real Estate Division cannot be responsible for any information provided by these individuals or companies.
- Prior to registering in the Real Estate Trading Services Licensing Course, individuals should familiarize themselves with the Good Reputation Guidelines contained in the Council's Real Estate Licensing Guidelines for Individuals. Applicants who have some concern about whether or not they satisfy the requirements of being of "good reputation" should, prior to registering for the Real Estate Trading Services Licensing Course, submit an Application for Pre-Screening form. An advance decision may thus be obtained as to the applicant's suitability for licensing, subject to passing the course and examination.
- If you feel that you have previous education or experience that would exempt you from either the Licensing Course or Examination, please review the Council's Education Exemption Guidelines.
Step 2
Step 3
- When you have successfully completed the Real Estate Trading Services Licensing Course and examination, prior to making application for licensing, you must register in the Residential Trading Services Applied Practice Course or the Commercial Trading Services Applied Practice Course delivered by the BC Real Estate Association. Once licensed, individuals have six (6) months to complete this five day in-class course. This course is a requirement of licensing and failure to complete the course will result in licence termination.
Step 4
- Once you have registered in the applicable Applied Practice Course, you may apply to the Real Estate Council of British Columbia for licensing as a representative licensed to provide trading services (sales) by completing the Application for Representative, Associate or Managing Broker Licence form.
Notes:
- When applying for licensing, individuals must have their intended brokerage sign the application for licensing. It is recommended that while individuals are taking the Real Estate Trading Services Licensing Course they meet with potential employers.
- Should more than one year elapse from the time you pass the licensing exam until a licence application is submitted by you, you will be required to pass the exam again. No exceptions.
- As a Criminal Record Check is conducted by the Council prior to initial licensing, first-time licensees should expect to wait up to 3 weeks for their application to be processed. Alternatively, applicants may have the RCMP send a current (dated within the last 30 days) Certified Criminal Record Check, that has been obtained through fingerprints, directly to the Real Estate Council in a sealed envelope.
Once an individual has completed the four steps above, they will be licensed as a representative licensed to provide trading services.
Relicensing Education Program
Effective January 1, 2007, the Relicensing Education Program (REP) requires licensees to complete two courses every licensing cycle as a condition of continued licensing. For further information, please see the REP page.
Budget
Making a commitment to becoming licensed to provide trading services also includes (but is not limited to) the following financial considerations.
- Real Estate Trading Services Licensing Course and financial calculator - $875 & $60
- LPI examination (if required) - $53 plus study materials
- Licensing fee - $1100 (includes 2 year licensing fee, Errors & Omissions Insurance and Compensation Fund Corporation assessment)
- Residential Trading Services Applied Practice Course - $630.00
- Real Estate Board fees -Fees vary from board to board. Click on the link to contact your local board office.
- Additional costs for consideration: desk fees, transaction fees, business cards, signs, cell phone, fax, PDA, computer, printer, website, internet access, car lease and business car insurance, business clothing, etc.
- You should also take into account the cost as well as the time needed to establish a practice and to build up an income to meet your personal requirements. Therefore, you should have sufficient capital available to support yourself if your personal goals are not met as soon as you would like.
© copyright 2009
Real Estate Council of British Columbia
900 - 750 West Pender Street
Vancouver, B.C., Canada V6C 2T8 For more information, visit http://www.recbc.ca/licensing/trading.htm
Tel: 604-683-9664
Toll-free: 1-877-683-9664
Fax: 604-683-9017
Education
Caroline Allen, Education & Licensing Officer
callen@recbc.ca
Becoming a Real Estate Associate in Alberta & NW Territories
Step 1: Complete the Real Estate Associates Program (REAP).
Step 2: Complete the Understanding Designated Agency and Transaction Brokerage course offered through the Real Estate Council of Alberta.
Step 3: Secure a job with an Alberta real estate brokerage.
Step 4: Submit an application for licensing (through your broker) to the Real Estate Council of Alberta (RECA). A criminal record check is also required. Once your application is approved, you will be licensed to practice real estate as an associate in Alberta.
Please note: You must apply for your licence within ONE YEAR of completing the Real Estate Associates Program.
Alberta Real Estate Association
West Mount Corporate Campus
Suite 300, 4954 Richard Road SW
Calgary, AB, Canada T3E 6L1
Telephone: 403.228.6845
1.800.661.0231 (toll free)
Email:
info@abrea.ab.ca
education@abrea.ab.ca
Becoming Licensed to Sell Real Estate in Saskatchewan
Everyone entering a real estate career moves through various stages that can ultimately lead to Broker status.
New salespeople must successfully complete the Real Estate as a Professional Career course and a minimum of one of the following specialty licensing courses:
- Residential Real Estate as a Professional Career
- Commercial Real Estate as a Professional Career
- Property Management as a Professional Career, and
- Farm Real Estate as a Professional Career
and meet regulatory requirements in order to be registered by the Commission as a salesperson and be employed by a real estate brokerage. These courses, as a form of consumer protection, represent a concerted effort of both government and the profession to ensure that real estate salespersons enter the field with an acceptable level of industry knowledge and technical competence.
The initial pre-licensing course is the Real Estate as a Professional Career course. This is a home study course that must be completed within 12 months from the purchase of the course. An individual then has one year to successfully complete one of the four specialty courses.
Upon successful completion of the educational qualifications for registration as a salesperson, the student may pursue salesperson status by seeking registration with the Saskatchewan Real Estate Commission. An application for registration as a licensed salesperson, signed by the employing broker, must be made to the Commission within two years of successfully completing the chosen specialty licensing course. The registrant's certificate of registration will be restricted to conducting trades in real estate for the specialty area of real estate for which the appropriate course(s) have been completed.
In addition, within each one-year registration renewal period, all registrants are required to complete mandatory continuing education called the Continuing Professional Development (CPD) Program approved by the Commission and provided by the ASR.
Real Estate Update is the required program for Continuing Professional Development for all registrants in each one-year renewal period. Real Estate Update provides a concise and timely overview of legal and legislative issues, pertinent compliance issues, as well as other issues that impact consumers and registrants.
Prerequisite
Grade 12 or Saskatchewan Real Estate Commission (SREC) approved Equivalency Submission Information.
To successfully complete Phase 1, Real Estate as a Professional Career students must pass the examination with marks of not less than 70% and submit proof of a high school diploma in Canada, or a SREC approved equivalency to the Association of Saskatchewan REALTORS®. The ASR will accept one of the following as proof that you have met the prerequisite requirement:
An official transcript, indicating completion of high school, sent directly to the ASR from the Saskatchewan Department of Learning or from another Canadian provincial department of education or to request a Saskatchewan Real Estate Commission (SREC) approved equivalency contact ...
Saskatchewan Real Estate Commission
237 Robin Crescent
Saskatoon, Saskatchewan
S7L 6M8
Phone 1-306-374-5233
Toll Free 1-877-700-5233
Fax 1-306-373-2295
SREC website: www.srec.ca
- 1. You may register in Phase 1, Real Estate as a Professional Career with the understanding that you will have one of the documents outlined above sent directly to the ASR from the applicable department of education or the SREC.
- 2. If you completed high school in Saskatchewan, contact Saskatchewan Learning for an official transcript form at www.sasked.gov.sk.ca/student_records/trnscrpt.html or at ( 306) 787-6012 and request that the transcript be sent directly from Saskatchewan Learning to:
Education Department
Association of Saskatchewan REALTORS®
2811 Estey Dr.
Saskatoon, SK S7J 2V8
Real Estate as a Professional Career
(Home study – Pass mark 70%)
Designed for the prospective salesperson, the material covered in this course is very practical in nature. You will learn the basics of property evaluation, mortgage financing, building construction, property registry, contract and agency law, The Real Estate Act, The Real Estate Regulations, Commission Bylaws, CREA Code of Ethics, and mandatory and standard forms.
Enrollment period:- one year.
Residential Real Estate as a Professional Career
(Home study - Pass mark 70%)
Designed for participants embarking on a career in residential real estate, this course provides the practical knowledge and expertise necessary to be successful. Material covered includes an overview of residential real estate, evaluating property, representing the seller, representing the buyer, the contract of purchase and sale and other applicable forms plus mortgage underwriting.
Enrollment period:- one year.
Commercial Real Estate as a Professional Career
(Home study - Pass mark 70%)
Designed as a competency-based course for commercial practitioners, this course recognizes the unique requirements of commercial clients and customers in a sophisticated marketplace. The focus is on commercial skills and knowledge with particular regard to acceptable standards and levels of consumer protection expected of salespeople entering this field. Material covered includes an overview of commercial real estate, professional conduct, seller/landlord representation, buyer/tenant representation, retail and office leasing, sale of a business, industrial real estate, investment real estate, the offer to purchase and other applicable forms.
Enrollment period:- one year.
Property Management as a Professional Career
(Home study – Pass mark 70%)
Designed as a competency-based course for property managers, this course recognizes the unique requirements of property managers, tenants and landlords in an increasingly sophisticated marketplace and focuses in on property management skills and knowledge. Material covered includes an overview of property management, the law and property management, leases and tenancy agreements, property management accounting, management and administrative procedures, physical and operational property management professional conduct and the property management plan.
Enrollment period:- one year.
Farm as a Professional Career
(Home study – Pass mark 70%)
Designed for participants planning to specialize in the sale of farm properties, this course provides the product knowledge and expertise necessary to be successful. Material covered includes an overview of farm real estate, soils, crop and livestock production, utilities and services, listing/selling of farm properties including applicable forms, plus the environment and associated risks.
Enrollment period:- one year.
Real Estate Practice in Saskatchewan
(Home study – Pass mark 70%)
You may qualify to take the Real Estate Practice in Saskatchewan course.
If you are currently licensed in another jurisdiction and wish to become registered in Saskatchewan, contact the Saskatchewan Real Estate Commission. Qualified applicants (through reciprocity of licensing education) will be eligible to take our Real Estate Practice in Saskatchewan courses specific to residential, commercial, property management or farm real estate. You will learn The Real Estate Act, appropriate legislation, property registry, representation of the buyer and seller, as well as mandatory and standard forms used in Saskatchewan.
Enrollment period:- one year.
Real Estate Office Management and Brokerage
(Home study – Pass mark 70%)
Designed for the prospective broker and branch manager, this course addresses managerial implications including building a business plan, marketing, bookkeeping, financial statements, budgeting, personnel, operations manuals, employment contracts, human resources, training programs and the Competition Act. Material covered also includes The Real Estate Act (plus its interpretations and exemptions). The Real Estate Regulations and Commission Bylaws. In addition, the history, structure and mandate of the Saskatchewan Real Estate Commission and how it impacts on the trade of real estate is closely examined.
Enrollment period:- one year.
Association of Saskatchewan REALTORS
www.SaskatchewanRealEstate.com
2811 Estey Dr.
Saskatoon, Sask. S7J 2V8
Phone: 306-373-3350
Toll Free: 1-877-306-7732
Email: info@saskatchewanrealestate.com
Becoming Licensed to Sell Real Estate in Manitoba
New salespeople must successfully complete a three-phase program and meet regulatory requirements in order to be registered by The Manitoba Securities Commission as a salesperson and be employed by a real estate brokerage firm. This program represents a concerted effort by both the Manitoba government and the real estate profession to ensure that real estate salespeople enter the field of real estate with an acceptable level of technical and practical competence.
The licensing education course leading to registration as a salesperson is entitled Real Estate as a Professional Career. The course consists of three phases that must be successfully completed in sequence within 12 months from the original course start date of Phase 1. Students must pass an examination with a grade of not less than 70% at the end of each Phase, before proceeding to the next. For additional general information, go here.
- PHASE 1, is a fully self-directed learning environment, which allows students to proceed independently. This course provides an introduction to real estate, examines its various benefits and limitations, and covers basic mathematical calculations used within the profession, and residential construction.
Fee $595
In addition to receiving a printed version of the course, this course is available ONLINE. Work on the course, self study assignments and mandatory assignments wherever you have access to a computer! Contact the MREA Education Centrefor more information.
- PHASE 2, concentrates on the theoretical aspects of real estate practice, including agency fundamentals, contract and statutory law, professional conduct, and The Real Estate Brokers Act.
Fee: $395
In addition to receiving a printed version of the course, this course is available ONLINE. Work on the course, self study assignments and mandatory assignments wherever you have access to a computer! Contact the MREA Education Centrefor more information.
- PHASE 3, emphasizing practical application of earlier studies, and it covers market evaluations, listing agreements, and offers to purchase.
Fee: $395
In addition to receiving a printed version of the course, this course is available ONLINE. Work on the course, self study assignments and mandatory assignments wherever you have access to a computer! Contact the MREA Education Centre for more information.
Students completing the three phases of Real Estate as a Professional Career may register as a salesperson with The Manitoba Securities Commission. An application for registration as a salesperson, signed by the employing broker, must be made to the Commission within six months of successfully completing Phase 3.
What you need to become a registered real estate salesperson
To engage in real estate transactions as a salesperson, on behalf of your employing broker, an individual must:
- unless he/she is a Canadian citizen, have the approval of immigration officials to work in Canada;
- be at least 18 years old;
- complete the pre-licensing education courses through The Manitoba Real Estate Association within the six month period immediately prior to applying for registration;
- File an application for registration on forms provided by the Registrar of The Real Estate Brokers Act with the appropriate registration fee, sponsored by a registered broker;
- Have enough money to meet all your personal financial needs until you start receiving regular commission income;
- Have no serious charges or convictions under the laws of a province, state, or country;
- Obtain a certificate of registration for the Registrar.
Articling Courses
During the first two years of registration, the salesperson must successfully complete the two MANDATORY ARTICLING COURSES: Real Property Law and Principles of Appraisal. Following successful completion of these two courses, a salesperson receives permanent salesperson status.
Mandatory Continuing Education
Following registration, and in each successive one-year registration renewal period, all registrants are required to complete 6 hours of mandatory continuing education through classroom seminars approved by The Manitoba Securities Commission and offered by The Manitoba Real Estate Association in several locations in Manitoba.
For more information please contact:
www.realestatemanitoba.com/education.htm
Manitoba Real Estate Association
1240 Portage Avenue,
2nd Floor,
Winnipeg, Manitoba
R3G 0T6
Phone us at: (204) 772-0405 for all staff members.
Toll Free at: 1-800-267-6019
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.
Program Information
Please note: you must successfully complete the Salesperson Registration Education Program before you enrol in the Broker Registration Education Program.
Learning Paths
Learning Options
Courses are available either in the classroom, by correspondence, or by e-Learning (online).
Examinations
You must select an examination date and location when you enroll in a course. Examinations are held on Saturdays 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
Qualifications requises et conditions de délivrance de certificat
Association des courtiers et agents immobiliers du Quebec
Infractions criminelles / infractions relatives à un compte en fidéicommis
Qualifications requises pour l'obtention d'un certificat de courtier ou d'agent immobilier :
-ne pas avoir été déclaré coupable, par jugement définitif, ou ne pas s'être reconnu coupable, dans les CINQ ANNÉES précédant sa demande de certificat, d'une infraction criminelle, sauf si la personne en a obtenu le pardon;
-ne pas avoir été déclaré coupable, ou ne pas s'être reconnu coupable au cours des CINQ ANNÉES précédant sa demande de certificat d'une infraction à la Loi sur le courtage immobilier ou à une loi qui régit le courtage immobilier à l'extérieur du Québec relative à la gestion d'un compte en fidéicommis.
Tout demandeur de certificat devra obligatoirement divulguer cette information au formulaire de demande de délivrance et y joindre les documents requis.
La demande de délivrance d'un requérant qui possède un dossier criminel sera transférée au Comité décisionnel sur les infractions criminelles de l'ACAIQ. Le traitement de la demande de délivrance, dont l'examen et l'émission du certificat, peut être retardé jusqu'à la décision du comité
Conformément à la réglementation, l'ACAIQ, vérifie l'existence des dossiers criminels pour tous les détenteurs de certificats. Si le requérant a soumis une fausse déclaration à sa demande de délivrance, l'ACAIQ peut annuler le certificat délivré et ce, sans remboursement des frais acquittés.
Demande anticipée relative aux infractions criminelles
Est-il possible d'obtenir une décision du comité décisionnel avant de s'inscrire à un collège d'enseignement?
Oui, un requérant peut demander l'évaluation de son dossier criminel avant de s'inscrire à un cours de formation de courtier ou d'agent immobilier ou avant de déposer une demande de délivrance. Il s'agit de remplir une « Demande anticipée relative aux infractions criminelles » et payer les droits requis.
Pourquoi procéder par demande anticipée?
Cette procédure permettra au réquérant d'obtenir une décision du comité quant au lien de l'infraction criminelle avec l'activité de courtier ou d'agent immobilier et l'informera de la possibilité que l'ACAIQ refuse éventuellement de lui émettre un certificat. Ceci évitera au requérant d'investir temps et argent dans une formation collégiale.
Demande anticipée relative aux infractions criminelles
Instructions pour une demande anticipée relative aux infractions criminelles
Formation requise pour l'obtention d'un certificat
Pour exercer comme courtier ou comme agent immobilier, une formation de niveau collégial en immobilier est obligatoire. Les exigences de formation varient selon le type de certificat désiré.
Vous trouverez ci-dessous, les exigences de formation requise par catégorie de certificat. Une personne peut être exemptée de suivre l'un ou l'autre des cours mentionnés si un collège d'enseignement général et professionnel qui donne ces cours lui accorde une équivalence. À noter qu'une telle équivalence ne peut être accordée que par un cégep.
Exigences
Exigences pour devenir agent immobilier affilié
Être titulaire d'un diplôme d'études secondaires ou d'une attestation d'équivalence reconnue par le ministre de l'Éducation et de la Science.
Fournir une attestation d'études collégiales portant sur les sujets suivants :
Évaluation immobilière (45 heures)
415-771-87
415-771-85
415-771-81
410-139-81
Droit immobilier (60 heures)
415-772-94
Mathématiques immobilières (45 heures)
415-774-87
415-774-85
415-774-81
410-189-81
Loi sur le courtage immobilier et ses règlements (45 heures)
415-779-94
Rédaction de contrats et documents relatifs à l'immobilier (45 heures)
415-780-94
Exemptions
La personne dont le certificat, quelle que soit sa catégorie, est expiré, abandonné ou suspendu de plein droit depuis deux ans ou moins, est exemptée des obligations de formation et d'examen prévues aux articles du Règlement d'application de la Loi sur le courtage immobilier. Pour toute demande d'information relative aux exemptions, communiquez avec le service de la certification de l'ACAIQ.
Exigences pour devenir courtier ou agent immobilier agréé
Être titulaire d'un diplôme d'études secondaires ou d'une attestation d'équivalence reconnue par le ministre de l'Éducation et de la Science, sauf si vous êtes déjà titulaire d'un certificat d'agent immobilier.
Ê tre titulaire d'un certificat d'agent immobilier affilié pendant au moins trois des cinq années qui précèdent la demande de certificat
Ou avoir exercé une occupation reliée aux opérations immobilières ou aux opérations de courtage pendant au moins trois des cinq années qui précèdent la demande d'un certificat.
Fournir une attestation d'études collégiales portant sur les sujet suivants :
Droit immobilier II (45 heures)
415-777-94
Droit de l'entreprise (60 heures)
401-420-79
Comptabilité I (45 heures)
410-110-79
401-938-77
410-110-90
Un sujet au choix parmi les suivants :
Gestion d'immeubles (60 heures)
410-706-87
Fiscalité immobilière (60 heures)
914-026-93
410-196-94
Un sujet au choix parmi les suivants :
Valeurs immobilières (45 heures)
221-962-78
Introduction aux immeubles à revenus (45 heures)
415-759-89
Évaluation et courtage de commerce (45 heures)
415-776-94
Examen de certification
Après avoir satisfait aux exigences ci-haut mentionnées par catégorie de certificat, une personne qui sollicite un certificat doit passer et réussir un examen préparé par l'ACAIQ avec une note d'au moins 70 %.
Autres qualifications requises...
Ne pas faire l'objet d'un régime de protection de majeur.
Avoir remboursé, le cas échéant, le montant en capital, intérêts et frais de tout jugement définitif auquel une personne a été condamnée en raison de sa responsabilité pour l'une des causes mentionnées à l'article 55 de la Loi (cf Fonds d'indemnisation).
D'autres documents, conditions et informations sont spécifiés au formulaire « Demande de délivrance
Procédures pour passer l'examen de l'ACAIQ
Pour plus d'information
Chambre immobilière de Québec
990, avenue Holland Québec (Québec)G1S 3T1
Téléphone: 418.688.3362
Ligne sans frais: 1.866.688.3362
Télécopieur: 418.688.3577
Courriel : info@ciq.qc.ca
www.ciq.qc.ca/
Becoming Licensed to Sell Real Estate in Newfoundland and Labrador
Contact the Newfoundland & Labrador Association of Realtors® and they will send you the required booklet for a fee of $100 + HST boards.mls.ca/nl/careers.htm
FOR ADDITIONAL INFORMATION PLEASE CONTACT:
St. John's
College of the North Atlantic
Tel: 709.758.2037
Contact: Roslyn Hong
Gander
Trade Practices and Licensing Division
Department of Government Services and Lands
Tel: 709.256.1019
Contact: Kathy Anstey
Corner Brook
Trade Practices and Licensing Division
Department of Government Services and Lands
Tel: 709.637.2445
Contact: Sandra Watson
To schedule your exam visit the College of the North Atlantic website to find a location nearest you.
Examinations can be arranged in other areas of the Province. Contact the Trade Practices and Licensing Division of the Department of Government Services and Lands, St. John's, NL.
Tel: 709.729.5879
For more information please contact:
Department of Government Services
http://www.gs.gov.nl.ca/real_estate/licensing_agent.html Gander NL
Telephone: (709) 256-1019
or —
Corner Brook NL
Telephone: (709) 637-2445
or —
College of the North Atlantic
St. John's NL
Telephone: (709) 758-7214
Becoming Licensed to Sell Real Estate in Prince Edward Island
There are a variety of careers you can consider in real estate. A general description of the responsibilities and careers is available here. The following information will help guide you through the process of becoming a real estate salesperson on Prince Edward Island. Should you have further questions on these requirements, please contact the PEI Real Estate Association at (902) 368-8451 or office@peirea.com.
Obtaining Your License
To become a real estate salesperson and obtain your Salesperson License on PEI, you must:
(1) Meet the following qualifications:
- Be at least 18 years of age;
- Be a resident of the province; and
Qualify under section 8 of the Prince Edward Island Real Estate Trading Act. The Act is available on the government of Prince Edward Island web site here.
(2) Register for the Pre Licensing Course offered by the Prince Edward Island Real Estate Association (PEIREA), take the course, and pass the written exam.
(3) Register with a licensed Real Estate Agent and maintain a $2,000 bond.
(4) Fill out a Salesperson License application form at the Provincial Department of Justice, and pay the licensing fee of $200 for a two-year term. This fee must be paid each time you renew your license with the Province of PEI.
As noted, one cannot practice in the trade of real estate without the Provincial License. The Provincial requirements and those of the PEI Real Estate Association "complement" each other, as effective April 1, 2000, the Department of Justice recognized passing the PEIREA Pre Licensing Course as a prerequisite for Provincial Licensing. Once you take the course and pass the exam, marks are sent to the Department of Justice.
Joining the PEI Real Estate Association
When you join the Prince Edward Island Real Estate Association (PEIREA) you also become a member of The Canadian Real Estate Association (CREA). There are annual membership dues and/or fees for both PEIREA and CREA. Information about the national association is available here.
If you are interested in becoming a Member of the PEI Real Estate Association, which includes access to the Multiple Listing Service, you must:
(1) Follow the process to obtain your Salesperson License.
(2) Register with a licensed Real Estate Agent who is a Member of the PEIREA.
You have up to one (1) year to activate your license and join the Association at no charge. If it has been over one (1) year, but less than two (2) years since you took the course, you may enter the Association by paying a fee of $300 plus GST. If it has been two (2) years and over since you took the course, you will be required to pay the full fee for the course, take the course and pass the exam.
(3) Join the Mandatory Real Estate Insurance Alliance Errors & Omissions Insurance Program. All new members will be required to pay a one-time initiation fee of $100 in addition to the annual premium. The PEIREA will forward an invoice to your broker for the initiation fee and the insurance premium. Failure to pay this invoice will result in termination of your PEIREA membership as per Member Programs and Services Article 3.1.03 of the PEI Real Estate Association Bylaws.
(4) Abide by the PEIREA Rules, Regulations and Bylaws.
Pre Licensing Course
The PEIREA Pre Licensing Course is three (3) weeks in duration and will be offered a minimum of three (3) times per year. To register for the course, you may fill out a registration form at the PEIREA Office on 75 St. Peter's Road in Charlottetown.
The current Pre Licensing Course fee is $2500 plus GST, payable to the PEI Real Estate Association. The fee is non-refundable and full payment must be received upon registering for the course to reserve your seat.
Included in the cost of this fee is the $200 plus GST Canadian Real Estate Association (CREA) Initiation Fee. If an applicant does not join the PEI Real Estate Association within one year after successful completion of the Pre Licensing Course, the CREA Initiation Fee will be forfeited by the PEI Real Estate Association. However, applicants have the ability to claim the CREA Initiation portion of the registration if they decided within one year that they will not be joining the Association. For purposes of the new initiation fee, a new member will be defined as an individual who is joining CREA for the first time, OR a member who had not paid CREA dues for a period of at least twelve (12) calendar months.
Individuals interested in a career in real estate may purchase the education reading material at a cost of $350.00 plus GST at any time throughout the year. This will allow you to review the curriculum, and to decide whether or not a career in this field is the right fit for you. This material in non-refundable, however, the cost will be credited toward the fee for taking the course, should you choose to enroll. As the education reading material may change from time to time, if you wish to take the Pre Licensing Course, you must do so within one (1) year of purchasing the books or you will be required to buy the material again.
At the end of the Pre Licensing Course you will be required to write an exam. A passing mark for the exam is 75%. Anyone who fails the exam may re-write once at no charge.
Please note that the Pre Licensing Course that is usually held in January is the only guaranteed course for the year, and will be held regardless of the number of students enrolled. The two other courses, usually in the Spring and the Fall will be held if there are at least seven (7) or more students enrolled.
For more information please contact:
www.peirea.com
Dorothy Smith, Executive Officer
75 St. Peter's Road
Charlottetown, PE
C1A 5N7
Telephone: (902) 368-8451
Facsimile: (902) 894-9487
Email: office@peirea.com
Becoming Licensed to Sell Real Estate in New Brunswick
Licences are issued by the NB Department of Justice and Consumer Affairs in accordance with the NB Real Estate Agents Act upon recommendation from NBREA.
Three different classes of licence are available: an Agent's licence, a Manager's licence and a Salesperson's licence. All licences require that the applicant attend a prescribed pre-licensing course offered by NBREA and successfully complete an examination at the end of the course.
The salesperson's licence is the entry level licence. Applicants for a Manager's licence or an Agent's licence must have a minimum of two years experience as a salesperson before they can attend the Agent/Manger's pre-licensing course and complete the accompanying examination. Alternatively, an individual who has not held a salesperson's licence but has acquired experience in the real estate industry through some other means may apply to Department of Justice for a waiver of the experience requirement. If a waiver is granted the individual may then enroll in the appropriate education program in preparation of writing the examination and obtaining an agent or manager's licence.
To obtain a Salesperson's licence in New Brunswick, you must:
- Be at least 19 years of age;
- Be a citizen of Canada or have the status of a permanent resident of Canada
- Complete the mandatory Pre Licensing Course and pass the prescribed exam. Once you have successfully completed the exam you will have up to six months to obtain membership in NBREA. and apply for a licence
- Be hired by an agent (real estate firm), In NB you cannot hold a salesperson's licence by yourself – you must be affiliated with an Agent who is your employer
- Forward a completed NBREA membership application form to the Association and pay all applicable fees
- Obtain mandatory Errors and Omissions insurance from NBREA. Click here to learn more about mandatory E&O Insurance
- Agree to abide by all NBREA rules and regulations and the NBREA By-Law
- Be recommended for licensing to the Consumer Affairs Branch of Department of Justice and Consumer Affairs by NBREA
- Submit a licensing application and pay the applicable licensing fee to Department of Justice and Consumer Affairs
- Submit to the jurisdiction of the New Brunswick courts and provide an address for legal service in the province
Suitability for Licensing
The Real Estate Agent's Act provides for all applicants to be assessed for suitability prior to a license being granted. Having a criminal record or having filed for bankruptcy, for instance, do not immediately disqualify the applicant but the Minister may determine, after investigation that the person is not suitable. If you have any concerns about your suitability for licensing you should contact the Department of Justice and Consumer Affairs at 506-453-2322 to confirm that you qualify for a license prior to attending the appropriate licensing course.
Membership in the New Brunswick Real Estate Association
You must be a member in good standing of the New Brunswick Real Estate Association (NBREA) before you apply for a real estate licence. NBREA members must also obtain membership in the Canadian Real Estate Association (CREA). Annual membership dues and initiation fees apply to both memberships and must be fully paid before the prescribed deadlines. Information about the national association is available here.
Errors and Omissions Insurance
New Brunswick has joined the other Atlantic Provinces and Manitoba as members of the Real Estate Insurance Alliance (REIA) and all members of NBREA must purchase REIA Errors and Omissions insurance as a condition of licensing. Members who fail to obtain this insurance before the prescribed deadlines will have their membership and license suspended.
Members who leave the industry after paying their E&O insurance premium cannot have their premium returned because the insurer might be later called upon to pay a claim that originated prior to their leaving. In addition to the annual premium all new members will be required to pay a one-time initiation fee. This fee is currently set at $100.00.
EDUCATION PROGRAMS
Licensing Courses
The Salesperson's Pre-licensing Course is designed to introduce the new salesperson to the real estate industry and prepare them to write the qualification exam. The course includes 65 hours of classroom instruction and requires that registrants complete several hours of preparatory readings. The course is offered in both French and English in several areas of the province throughout the year. Classes are held either during the week or on weekends. To facilitate the participation of potential members who currently hold full-time jobs, weekend courses are offered over four weekends but only two of those weekends include a Friday. Classes are held only on Saturday and Sunday for the other two weekends.
Current tuition for attendance at the Salesperson's pre-licensing course fee is $1,600 plus HST, payable to the New Brunswick Real Estate Association. The fee is non-refundable after the application deadline date and full payment must be received to reserve your seat. This fee includes all course materials and the administration and correction of the exam at the end of the course.
At the end of the Pre Licensing Course you will be required to write an exam. The pass mark for the exam is 75%. Anyone who fails the exam may re-write once, within six (6) months, at a charge of $75.00 plus HST.
Course Materials
Course materials are the intellectual property of NBREA which updates course material on a regular basis. Course materials cannot be returned to NBREA for refund and cannot be resold to prospective students. This is to ensure version control and consistency in meeting regulatory requirements.
Should you have further questions on these requirements, please contact the NBREA Education department at
(506) 459-8055 or education@nbrea.ca.
For more information, visit http://www.nbrea.ca/careers/index.htm.
Becoming Licensed to Sell Real Estate in Nova Scotia
A career in real estate can open the door to many opportunities. Today's fast-paced market offers REALTORS® a challenging career opportunity; however hardwork, diligence and perseverance are a must to be successful.
Building a career in real estate, as with most professions requires a lot of hard work. But with commitment, there is potential for great personal and financial rewards.
However, a new REALTOR® should not expect immediate results. Real estate is as much about relationship building as it is about selling. Those who have achieved great success in the real estate industry do not only have a strong knowledge of the industry, but they are also always staying one step ahead through networking and through continued education.
The NSAR's Career Guide Real Estate as a Professional Career was designed to provide you with information that will point you in the right direction as you consider a career in real estate. It offers detailed information on what it takes to succeed in real estate and provides the steps one must take to receive a license to trade in real estate in Nova Scotia.
For more information please contact:
http://nshomeguide.ca/realtor/
Nova Scotia Real Estate Commission
7 Scarfe Court
Dartmouth, NS
B3B 1W4
Phone: (902) 468-3511
(800) 390-1015
E-mail: General Information - info@nsrec.ns.ca
Licensing Information - licensing@nsrec.ns.ca