To register as a salesperson under the Real Estate Council of Ontario and trade in real estate in Ontario, the following qualifications must be met:
- Permanent Canadian resident
- Minimum of 18 years old
- Complete the pre-registration courses
- Apply for registration with a registered brokerage within 12 months of completing Pre-Registration Segment
- Complete and submit approved forms from the Registrar, along with the assigned fee
SALESPERSON REGISTRATION EDUCATION PROGRAM
Any salesperson that hopes to enroll in the Salesperson Registration Education Program must first complete the Pre-Registration Segment within 18 months of the start date of their first course.
Courses in the Salesperson Registration Education Program must be completed in the following order:
Real Estate as a Professional Career
Land, Structures and Real Estate Trading
The Real Estate Transaction - General
The Residential Real Estate Transaction
The Commercial Real Estate Transaction
Real Property Law
Students must pass with a minimum final mark of 75 per cent to proceed to the next course. After the Pre-Registration Segment, students must obtain employment with a brokerage and register as a salesperson with the Real Estate Council of Ontario within 12 months.
|Course 3 General & Residential||$850|
|Real Property Law||$505|
Total fee for pre-registration: $2850
The Articling Segment, a mandatory 24-month period, is the last part of the program to finish.
Once a new graduate registers with RECO as a salesperson, the two-year Articling Program begins. During this stage, one of the following elective courses must be taken:
Principles of Appraisal
Principles of Mortgage Financing
Principles of Property Management
Real Estate Investment Analysis
Total fee for Articling: $505
|TREB Entrance Fee||$460||One Time Fee|
|TREB Dues & Life Insurance||$761.80||Annually|
|CREA Entrance Fee||$200||One Time Fee|
|OREA Entrance Fee||$200||One Time Fee|
|RECO Licence Fee||$350||Every 2 Years|
*Registrant is to verify all fees. Above figures may not be exact and accurate.