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RealEstateExam.ca |
Exams
The first step in the process is successfully completing the basic real estate licensing course in your province. Each province administers their own certification courses through sanctioned organizations or association boards.
For instance, British Columbia provides real estate education through UBC Sauder’s Real Estate Division. Manitoba, on the other hand, offers training through the Manitoba Real Estate Association (MREA) and in Ontario by RECO (Real Estate Council of Ontario).
Each province handles educational certification in a different manner from the others.
While education requirements, institutes and courses vary between provinces, the basic real estate licensure course appears to be fairly consistent across the board.
RECO’s mandate is consumer protection on behalf of the Ontario government. As a Delegated Administrative Authority, RECO enforces the law in the public interest.
RECO’s mission is excellence in the delivery of regulatory services that protects the public interest and enhances consumer confi dence in the real estate profession.
OREA’s mandate is to work on behalf of real estate professionals.
OREA’s mission is to help Ontario REALTORS®, brokerages and associations succeed.
Starting in July 2019, all applicants wishing to become a real estate salesperson must take the real estate educational courses through Humber College:
ADMISSION ELIGIBILITY:
You must be 18 years of age and
Be a resident of Canada and must meet all of the requirements for registration under the Real Estate and Business Brokers Act, 2002 (REBBA 2002).
ADMISSION REQUIREMENT:
Fee for the Salesperson Program Admission Exam is $75.
For additional details, click here.
For instance, British Columbia provides real estate education through UBC Sauder’s Real Estate Division. Manitoba, on the other hand, offers training through the Manitoba Real Estate Association (MREA) and in Ontario by RECO (Real Estate Council of Ontario).
Each province handles educational certification in a different manner from the others.
While education requirements, institutes and courses vary between provinces, the basic real estate licensure course appears to be fairly consistent across the board.
RECO (Real Estate Council of Ontario)
RECO is the regulator for real estate professionals in Ontario. Registration is mandatory to legally trade in real estate in Ontario. RECO’s mandate is consumer protection on behalf of the Ontario government. As a Delegated Administrative Authority, RECO enforces the law in the public interest.
RECO’s mission is excellence in the delivery of regulatory services that protects the public interest and enhances consumer confi dence in the real estate profession.
OREA (Ontario Real Estate Association)
OREA is a professional association. Membership is voluntary. OREA’s mandate is to work on behalf of real estate professionals.
OREA’s mission is to help Ontario REALTORS®, brokerages and associations succeed.
Starting in July 2019, all applicants wishing to become a real estate salesperson must take the real estate educational courses through Humber College:
Note to students that are already enrolled in the OREA real estate program:
The current program with the OREA Real Estate College will run until November 28, 2020. Therefore, if you wish to complete your exam quickly by utilizing our fast track course material you can still take advantage of that. Simply write your exam before November 28, 2020.
The current program with the OREA Real Estate College will run until November 28, 2020. Therefore, if you wish to complete your exam quickly by utilizing our fast track course material you can still take advantage of that. Simply write your exam before November 28, 2020.
HUMBER COLLEGE REAL ESTATE PROGRAM
ADMISSION ELIGIBILITY:
You must be 18 years of age and
Be a resident of Canada and must meet all of the requirements for registration under the Real Estate and Business Brokers Act, 2002 (REBBA 2002).
ADMISSION REQUIREMENT:
OPTION 1:
To qualify for admission to the Real Estate Salesperson Program, an applicant must have obtained a Canadian secondary school diploma or GED certificate.OPTION 2:
Alternatively, the Real Estate Education Program Office offers a Salesperson Program Admission Exam to applicants without a secondary school diploma or equivalent. Successful completion of the Salesperson Program Admissions Exam is an acceptable equivalent for admission to the Real Estate Salesperson Program.Fee for the Salesperson Program Admission Exam is $75.
For additional details, click here.
If you meet the admission requirements, you are ready to enroll for the Humber College Real Estate Program.
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Three Steps You Must Follow for Ontario:
STEP 1: Pre-Registration Phase
Complete the courses, exams and simulation sessions sequentially. You will have a maximum of 24 months to complete pre-registration.
STEP 2: Register with RECO
Upon completing STEP 1, you are now eligible to register with RECO.
STEP 3: Post-Registration Phase
To be eligible to renew your registration at the end of your initial two-year registration cycle with RECO, you must complete the post-registration phase. Complete the mandatory compliance course and then complete any two of the remaining 5 electives.
For infographic, click here. source: realestatelicensehq.ca
For learning path, click here. source: humber.ca |
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STEP 1: PRE-REGISTRATION
Courses, Exams and Simulations
> Course 1: Real Estate Essential (40 hrs)
This course provides an introduction to the fundamentals of real estate and lays out the role of a salesperson in relation to their obligations under the Real Estate and Business Brokers Act, 2002 (REBBA) and its associated regulations, including the Code of Ethics. It also touches on other relevant legislation.
COURSE FEE: $550
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EST. DURATION: 40 Hours
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DELIVERY METHOD: eLearning
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COURSE MODULE DETAILS: Click Here
For registration and course start date, click here.
Exam 1: Invigilated Theory Exam
EXAM FEE: $100
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DURATION: 2 Hours
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DELIVERY METHOD: In Person or Virtually Proctored
For exam dates and location, click here.
> Course 2: Residential Real Estate Transactions (150 Hours)
Following the flow of the real estate transaction, this course details the requirements and processes for listing, selling, and completing residential real estate transactions. Modules explore a variety of topics, including: seller and buyer services; residential dwellings and attributes; advertising and marketing; and the agreement of purchase and sale.
COURSE FEE: $595
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EST. DURATION: 150 Hours
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DELIVERY METHOD: eLearning
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COURSE MODULE DETAILS: Click Here
For registration and course start date, click here.
Exam 2: Invigilated Theory Exam
EXAM FEE: $100
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DURATION: 2 Hours
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DELIVERY METHOD: In Person or Virtually Proctored
For exam dates and location, click here.
> Course 3: Additional Residential Real Estate Transactions (95 Hours)
This course expands on the content presented in the Residential Real Estate Transactions course, exploring how key concepts are applied in other types of residential transactions, including: condominiums; new construction; rural properties; residential multi-family dwellings; and residential leasing.
COURSE FEE: $315
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EST. DURATION: 95 Hours
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DELIVERY METHOD: eLearning
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COURSE MODULE DETAILS: Click Here
For registration and course start date,
click here.
Exam 3: Invigilated Theory Exam
EXAM FEE: $100
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DURATION: 3 Hours
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DELIVERY METHOD: In Person or Virtually Proctored
For exam dates and location, click here.
Simulation Session 1: Residential Real Estate Transactions
In this simulation session, learners will spend 5 days practicing core activities and tasks related to residential real estate transactions with an experienced real estate professional acting as a coach. The simulation and related assessments will work through all stages of a typical transaction and will cover various property types (for example, single-family homes and condominiums).The experience will let learners apply knowledge and skills gained from the eLearning portion of the program in realistic simulated interactions.
EXAM FEE: $750
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DURATION: 35.5 Hours
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DELIVERY METHOD: In Person or Virtual
For exam dates and location, click here.
Simulation Session 1: Remediation Day
EXAM FEE: $50
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DURATION: 7.5 Hours
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DELIVERY METHOD: In Person or Virtual
For exam dates and location, click here.
> Course 4: Commercial Real Estate Transactions (115 Hours)
This course introduces learners to the unique requirements and processes for listing, selling and leasing various types of commercial properties—including office, retail, industrial and agricultural properties-as well as brokering the sale of businesses. Modules explore a variety of topics, including: commercial construction; requirements for different types of commercial transactions; and, how to prepare contractual agreements.
COURSE FEE: $315
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EST. DURATION: 115 Hours
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DELIVERY METHOD: eLearning
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COURSE MODULE DETAILS: Click Here
For registration and course start date, click here.
Exam 4: Invigilated Theory Exam
EXAM FEE: $100
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DURATION: 3 Hours
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DELIVERY METHOD: In Person or Virtually Proctored
For exam dates and location, click here.
Simulation Session 2: Commercial Real Estate Transactions
In this simulation session, learners will spend 4 days days practicing key aspects of commercial real estate transactions with an experienced real estate professional acting as a coach. The simulation and related assessments will work through all stages of a typical commercial transaction and will cover various property types (for example, industrial, retail/office, commercial condominiums). This simulation will focus on parts of the commercial transaction that are different from what is done in a residential context.
EXAM FEE: $600
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DURATION: 28 Hours
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DELIVERY METHOD: In Person or Virtual
For exam dates and location, click here.
Simulation Session 2: Remediation Day
EXAM FEE: $50
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DURATION: 6.5 Hours
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DELIVERY METHOD: In Person or Virtual
For exam dates and location, click here.
> Course 5: Getting Started (5 Hours)
This course guides learners on how to launch their careers, with a focus on topics, including how to obtain and maintain registration and insurance, and strategies for how to select a brokerage for employment.
COURSE FEE: $90
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EST. DURATION: 5 Hours
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DELIVERY METHOD: eLearning
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COURSE MODULE DETAILS: Click Here
For registration and course start date, click here.
For latest and additional information, click here to visit Humber College website.