In: Real Estate News13 Jan 2011
To become a Real Estate Agent in Ontario you must take courses and meet a few requirements.
The Ontario Real Estate Association offers the courses. According to their website you first have these qualifications:
1. You have to an Ontario Secondary School Diploma or equivalent; OR
2. You must be at least 18 years of age, complete the OREA Real Estate College Admissions Test and attain a minimum mark of 50%.
If you have these 2 qualifications, you must complete 3 courses. They include:
1. Real Estate as a professional Career ($440)
2. Land, Structures, and Real Estate Trading ($470)
3A. The Real Estate Transaction (Residential) ($660)
3B. The Real Estate Transaction (Commercial) ($660)
Once you complete these courses, then you join a brokerage (fees vary) and register with the Real Estate Council of Ontario (RECO) and pay your insurance and registration fees ($335 + $350).
Here are some tips to completing your real estate license fast:
1. If you are a reasonably intelligent person and are willing to study, you can pay for a course and then book the exam for a few weeks later. Orea usually suggests a length of time to complete the course (2 months), but if you can book the exam right away and study the material, then you can pass and move onto the next course asap.
2. If you passed the first two courses with no problem, then it might be wise to choose the 40 hour in-class option for “The Real Estate Transaction” instead of the 80 hour option. Again try to book the exam and courses as soon as you complete the second exam.
You should be able to start the courses and finish them all within 3 months.
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Real estate news in Canada including buy and sell information, local market updates, guides, tips for Canadians in the real estate market.