How to Get Real Estate License in Ontario

 
real estate license ontarioIf you want to find out how to get your real estate license in Ontario, you have come to the right place!  In order to become a registered salesperson in Ontario, you must complete and pass the relevant courses inside the Salesperson Registration Education Program.  These courses are offered by OREA Real Estate College and you must first be granted admission into the program before any courses can be taken. Ontario is the economic engine of Canada and the most developed province. Here is the home of many rich neighborhoods, fertile farm land, and a very strong real estate market in Toronto. This is a great province to be a licensed real estate agent. Many great courses/training can help you achieve your dream sooner.

Ontario Licensing Requirements

To be granted admission, you must:

  • Have an Ontario Secondary School Diploma or equivalent
    -or-
  • Be at least 18 years of age and pass the OREA college admission test

Once you are granted admission, you’ll need to go through these three stages, they are: Pre-Registration Segment, Registration with RECO and Articling Segment.

Pre-Registration Segment

Complete the following required courses in order within 18 months from the start of the first course (Real Estate as a Professional Career):

1. Real Estate as a Professional Career

2. Land, Structures and Real Estate Trading

3. The Real Estate Transaction – General, plus The Residential Real Estate Transaction

4. The Commercial Real Estate Transaction

5. Real Property Law

Registration with RECO

To become registered as a salesperson with RECO, you must:

  1. Be a resident of Canada

  2. Be at least 18 years of age

  3. Complete the Pre-registration segment courses within 18 months

  4. Obtain employment with a registered brokerage

  5. Make application for registration with RECO within 12 months of completing the Pre-registration segment

  6. Apply for registration within one year of completing your last Pre-registration course

  7. Complete and submit the forms approved by Registrar under REBBA 2002, along with the relevant fee

Articling Segment

In the Articling Segment, you’ll need to complete one of the following courses within 24 months from the initial registration date with RECO

  • Principles of Appraisal
  • Principles of Mortgage Financing
  • Principles of Property Management
  • Real Estate Investment Analysis

  Quick note:  If you would like to enroll in the courses, you will need to give OREA a call so they can create an online student account for you right on the phone (You cannot register online).

Course and Licensing Fees

Mandatory courses

Real Estate as a Professional Career – $525

Land, Structures and Real Estate Trading – $545

The Real Estate Transaction – General – $425

The Residential Real Estate Transaction – $425

The Commercial Real Estate Transaction – $425

Real Property Law – $505

Elective courses( You’ll need to take one only)

Principles of Appraisal – $505

Principles of Mortgage Financing – $505

Principles of Property Management – $505

Real Estate Investment Analysis – $505

Your total investment on the Salesperson Registration Education Program will be around $3355 minimum, not including other fees, such as calculator, books, etc.  There will also be a licensing fee of $350.

Licensing Resources

Real Estate Agent Tax Deduction Tips
Canadian Ultimate Real Estate License Guide
Real Estate Licensed Agent Income Structure

The information on this page is gathered from the resources listed above.  Please note that the requirements will change or get updated from time to time, it is best to treat this one page guide as a quick overview and always visit the official sources to confirm the accuracy of the contents.  If you notice any errors or outdated contents on this page please kindly email us by using the contact section or simply leave us a comment.  If you have questions or comments, please feel free to leave it at the comment section below.  Your comments or suggestions will not only help us to improve the site, but will also assist others that have similar questions.  Thank you for inquiring, sharing and participating!

Real Estate License Requirements in Other Provinces:

Real Estate License Quebec
Real Estate License Nova Scotia
Real Estate License New Brunswick
Real Estate License Manitoba
Real Estate License British Columbia
Real Estate License Prince Edward Island
Real Estate License Yukon
Real Estate License Newfoundland and Labrador
Real Estate License Northwest Territories
Real Estate License Saskatchewan
Real Estate License Alberta
Real Estate License Nunavut
Real Estate License Canada

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