All courses are designed to give you the maximum value in the most effective manner. The instructor at Ontario Real Estate Tutor uses a variety of pedagogical strategies, including notes, handouts, lectures, discussions, exercises, case studies, reviews and mock exam practice, to thoroughly prepare you for OREA examinations. The tutor is not only a real estate instructor but advisor who also provides valuable feedback, assessments and advice to help promote your development and ensure your longevity in the profession.
Real Estate as a Professional Career
- The fundamentals of the real estate industry, its background and development, social and economic facets, and the limitations and benefits of pursuing a career in the field. Course 1 also covers the responsibilities of a real estate agent and the dynamics of buying and selling.
- Topics covered: marketing, consumerism, demographics and geography as determining factors in listing and selling real estate
- Develops analytical skills and technical abilities which are mandatory for Course 2.
Land, Structures and Real Estate Trading
- Builds on the skills and knowledge acquired in Course1, with an in-depth look at the dynamics of the industry and the agent-buyer and agent-seller relationships.
- Topics covered: Land and property registration, ownership rights and regulations, elements of residential construction and land use/planning, property valuation processes, and marketplace trading practices.
General and The Residential Real Estate Transaction
- Overview of real estate transactions and processes from the listing agreement to final negotiations and property sales.
- Involves practice scenarios and training in: clause writing, drafting residential agreements of purchase and sale, mortgage financing, offer preparation and negotiation, and the use of standardized forms and procedures.
The Commercial Real Estate Transaction
- Focuses on investment decisions and buyer/seller representation, marketing strategies, and drafting agreements, proposals, and related documentation. Special topics include retail and office leasing, the sale of businesses, and industrial real estate.
- This mandatory articling course provides a foundation in legislative acts and legal issues concerning property ownership. Students receive practice with test case scenarios that deal with negotiations, structuring and drafting clauses and complex agreements, and documenting agency relationships. The course further explores the challenges and complexities encountered in such procedures, and develops problem-solving skills and analytical ability.
Principals of Appraisal
- Building on the valuation fundamentals acquired in Course 2, students learn the techniques of accurate property appraisal and value estimation in listing, marketing, financing and selling residential property. Particular emphasis is placed on detailed site and building analysis and the use of comparable sales data in determining market value.
- Method: Practical application of appraisal techniques, analyses of marketplace scenarios, and drafting detailed report forms.
Real Estate Investment Analysis
- Students engage in comparative analytical tools and techniques and learn effective investment methodologies for the commercial marketplace. Training is provided in advanced direct and yield capitalization techniques, before and after tax cash flow estimates, net present value calculations and internal rates of return. Detailed property analysis worksheets and analyses of operational and sale proceeds cash flows form the bedrock of the course.
Principles of Mortgage Financing
- In-depth account of the role of the mortgage broker, mortgage practices/procedures, and regulations and responsibilities.
- Students accordingly analyze mortgage markets, products, and financing options as befit the role of salesperson. Topics covered include small business loans, large commercial mortgages, underwriting, qualifying, and ownership structures, and financial reports
- Practice in advanced calculations of interest penalties, discounting, bonuses, and interest rate buy-downs.
Principles of Property Management
- Students learn about the basics and duties involved in residential and commercial management, including the management and operation of income-producing properties on behalf of the owner, through various scenarios. Effective management plans based on property and market analysis, tenancy, and operating and reporting procedures are highlighted, in tandem with rent collection, expenses, building maintenance and property leasing.
Real Estate Broker Course
- This course covers the establishment, operation, and management of a real estate brokerage.