Hey, all future real estate agents! If you’re looking to find out how to become a real estate agent in Ontario then you’ve come to the right place!
Starting in 2019, real estate license Ontario education fulfillment provider will change from OREA college to Humber College so some of the educational requirements will be likely be changed as well!
Lucky for you we’ve summarized the requirements into an easy to understand format so you can quickly learn what is needed to become a real estate agent in Ontario starting in 2019!
One big question that our readers asked is “What are the differences between the old OREA education program and the new Humber College real estate program?
Well, both programs train individuals to become a real estate agent, so in general, the content covered will be similar.
However, The content of the new program will follow the flow of transaction, so the content will be presented very differently.
The program will also incorporate innovative delivery methodologies, such as virtual classrooms, practical in-class simulation sessions, etc.
So really the main difference is how the program is presented while most of the educational information is very similar.
So without further adue let’s get started and see what the new requirements are!
If you’d like to embed this infographic into your own website, please feel free to copy the embed code below:
<div style="clear: both;"><a href="https://realestatelicensehq.ca"><img title="How to get your real estate license in Ontario" src="https://realestatelicensehq.ca/wp-content/uploads/2020/02/how-to-get-your-real-estate-licence-in-ontario-1.png" alt="" border="0" /></a></div>
Step 1: Fulfill the Admission Requirement
Starting in July 2019 (registration starts), all applicants wishing to become a real estate salesperson must take the real estate educational courses (1st course starts September 2019) through Humber College:
To be granted admission, you must:
- Have a Canadian secondary school diploma, or GED certificate, or an acceptable equivalent credential.
Or if you do not have the above then below are the acceptable equivalency credentials:
- Secondary school diploma from the United States
- Transcript, diploma or certificate (from a country other than Canada or the United States) previously assessed at an Ontario Secondary School Diploma level by a recognized assessment service, such as World Education Services (WES)
- Post-secondary diploma or degree from Canada or the United States
- Post-secondary diploma or degree (from a country other than Canada or the United States) assessed as equivalent to a Canadian post-secondary diploma or degree by a recognized assessment service, such as World Education Services (WES)
- Certificate of completion for an Ontario academic upgrading program that is accepted by an Ontario College of Applied Arts and Technology for entry into an Ontario post-secondary program (Ontario Basic Skills Level IV, Basic Training and Skills Development Level IV)
- Certificate of completion of an academic upgrading program from another Canadian jurisdiction that is accepted by an Ontario College of Applied Arts and Technology for entry into an Ontario post-secondary program
- Certificate of Apprenticeship or Certificate of Qualification in any trade from Ontario or other Canadian jurisdiction
If you do not satisfy any of the above, then you can simply write the “Salesperson Program Admission Exam”.
Applicants should register and successfully complete the exam before applying to the Real Estate Salesperson Program.
There is a 75$ fee for registering for the exam.
For details on how to register for the admission exam please click here.
Okay! What now that I’m qualified for admission?
Step 2 Pre-Registration Phase
Congratulation for fulfilling the admission requirement! Now you can start taking the Humber College Real Estate Program!
You’ll have to take the following courses in order to complete the program:
Course 1: Real Estate Essentials – eLearning (525$)
Course 2: Residential Real Estate Transactions – eLearning (595$)
Course 3: Additional Residential Real Estate Transactions – eLearning (315$)
Simulation Session 1: Residential Real Estate Transactions (750$)
Course 4: Commercial Real Estate Transactions – eLearning (315$)
Simulation Session 2: Commercial Real Estate Transactions (600$)
Course 5: Getting Started eLearning (90$)
There will also be an exam for courses 1-4 that comes with an exam fee of 100$ for each course totaling 400$.
Therefore, you should expect to have a budget of minimum 3590$ for the pre-registration phase.
Step 3: Registration with RECO
Upon completing the Pre-Registration Segment, you have 12 months to register with RECO.
To become registered as a salesperson with RECO, you must:
Be a resident of Canada
Be at least 18 years of age
Complete the Pre-registration segment courses within 18 months
Obtain employment with a registered brokerage
Make an application for registration with RECO within 12 months of completing the Pre-registration segment
Apply for registration within one year of completing your last Pre-registration course
Complete and submit the forms approved by Registrar under REBBA 2002, along with the relevant fee
- Please note that you’ll need to purchase insurance from RECO as well. More details here.
Step 4: Post Registration Phase
This is the last and final phase where you’ll need to stay compliance and demostrate your knowledge by taking additional elective courses.
- Compliance – eLearning – 300$
- Elective Courses (two electives @ $135 each)
- Wrap-up Session – 200$
At the last and final phase, you’d expect to spend about 770$.
- New Salesperson $590 ($390 + $200 application review fee)
- New Salesperson – Interprovincial $590 ($390 + $200 application review fee)
- $200 application review fee for a change during a registration cycle (no fee if processed with a renewal of registration)
There are also other fees such as local real estate board, fees you’ll need to pay to your broker etc. A good ballpark figure is close to 10,000$ when you take everything into account and give yourself a little wiggle room.
Ontario Licensing Resources
- Canadian Ultimate Real Estate License Guide
- OREA Ontario Real Estate College
- Humber College Real Estate School
- RECO Real Estate Council of Ontario
Information verified and updated in 2020.
Note: Please note that OREA will no longer offer educational courses for real estate professionals for Ontario after December 31st, 2020. For detailed information of this announcement please click here.