WANT TO GET YOUR LICENSE

Here is a brief description of what is required.  Please note that prices, and requirements are subject to change from time to time without notice.  If you wish to get up to date information go directly to www.orea.com for current information and pricing.   For about $1,500 and four months of studying you can enter this rewarding career.

NEW AGENTS,  HomeLife Results Realty Inc. will refund your tuition fees over your first five sales if you have never been previously licensed. 

 

A career in real estate is for people who enjoy helping people.

You also like flexibility in your schedule

• Variety in your day
• Being connected to the world with tools and technology like cell phones, PDAs, and laptop computers

Trading in real estate is a dynamic career choice, with market conditions and legislation constantly changing. Life-long learning is essential to retaining your edge. The OREA Real Estate College provides all real estate registration education courses in Ontario. Earn the educational requirements for salesperson registration with the OREA Real Estate College, then upgrade your skills, and stay on top of what's happening in the industry through the educational programs and wide variety of publications we provide.

A career in real estate can mean working in:

• Residential resales
• New home sales
• Condominium sales
• Rural & recreational sales
• Commercial sales
• Property Management
• Appraisal
• Mortgage financing
  

Ask yourself:

• Do I want to help buyers make the largest single purchase they may ever undertake?
• Do I long for career flexibility, financial paybacks, and great growth potential?
• Do I enjoy the challenge of constant change?
• Am I willing to make personal sacrifices?
  

Successful salespeople make things happen – they thrive on the opportunities and challenges presented each day. Are you ready to make the commitment?

YOU MUST MEET THE FOLLOWING REQUIREMENTS

To trade in real estate, you must:

Be a resident of Canada

Be at least 18 years of age

Application for salesperson registration must be made within one year of successfully completing the last course in the pre-registration segment (Phase 3RES or Phase 3COM).

Complete the required RECO forms

Submit the appropriate fees

Have a good past record of financial responsibility and conduct

Have received a salesperson registration certificate

Be employed by a registered brokerage

 

YOU MUST COMPLETE THREE COURSES:  Phase 1, Phase2, and your choice of either Phase 3 residential or Phase 3 commercial depending on your career objectives.

Phase 1

Fee: $390 (includes Learning Package)

This first step to becoming a real estate salesperson:

• Gives an overview of the benefits, challenges and limitations of a real estate career
• Provides details regarding salesperson responsibilities, how the marketplace operates and what principles impact value, along with in-depth real estate calculations needed for listing and selling property
• Develops the analytic skills and knowledge levels necessary to address advanced course materials

The Phase 1 Learning Package includes the latest editions of the Real Estate Encyclopedia and Provincial Reference Manual. A course workbook is provided for correspondence students. E-learning students use an online workbook. A complimentary carrying case is provided.

Study Methods

• E-learning
• Correspondence

How to Enroll
Call the OREA Real Estate College at 416-391-6732 or 1-866-411-6732.

Notes: 

• Online enrollment is not available for Phase 1 as we'd like to take this opportunity to get to know a little about you and set up your My Portfolio account.
• By registering in any OREA Real Estate College course, you are automatically deemed to have read and accepted all policies, rules, and regulations outlined in the College Program Standards.

Phase 2

Fee: $420
Pre-requisite: Successful completion of Phase 1

A demanding, detail-oriented program, Phase 2 gives you the knowledge you need to assist buyers and sellers making marketplace decisions. Phase 2 focuses on:

• Property ownership rights and limitations
• Current land registry systems and planning processes including land use restrictions
• Statutory and legal requirements affecting real property
• Marketplace trading practices are emphasized, as is a solid grounding in residential construction, agency relationships, and widely-accepted property valuation methods.

Study Methods

• E-Learning
• Correspondence
• 60-hour Classroom session

 

Phase 3 Residential

Fee: $620
Pre-requisites: Successful completion of Phase 1 and Phase 2

Students in the Pre-registration stage may select either Phase 3 Residential or Phase 3 Commercial to complete the pre-registration course requirement of the Real Estate as a Professional Career Program. The remaining Phase 3 not selected must be taken during the articling stage.

Challenging and workshop-oriented, Phase 3 Residential:

• Is designed to meet the practical demands of today’s residential marketplace.
• Emphasizes drafting skills for agency documents, residential agreements of purchase and sale (including condominium), and agreements to lease.
• Follows the entire residential real estate transaction from initial listing to final negotiations and closing. You will encounter real-life scenarios demanding skills in offer preparation, counter-offers, clause writing, mortgage financing, and the use of standardized forms and procedures.

Read about Phase 3 Commercial

Study Methods
Choose from one of the following study methods:

• E-Learning plus 40 hour Classroom
• Correspondence plus 40 hour Classroom
• 80 hour Classroom.

Phase 3 Commercial

Fee: $620
Pre-requisites: Successful completion of Phase 1 and Phase 2

The Phase 3 Commercial program is structured to complement agreement basics taken in the Phase 3 Residential program. Students in the Pre-registration stage may select either Phase 3 Residential or Phase 3 Commercial to complete the pre-registration course requirement of the Real Estate as a Professional Career Program. The remaining Phase 3 not selected must be taken during the articling stage.

In the Phase 3 Commercial course:

• Focus is on basic investment decisions and the fundamentals of buyer/seller representation including proposals and marketing strategies.
• As with Phase 3 Residential, you will draft agreements and prepare related documentation.
• Emphasis is on discussions and exercises, which include specialty areas such as retail and office leasing, sale of businesses, and industrial real estate.

Study Methods
Choose from one of the following study methods:

• E-Learning plus 40 hour Classroom
• Correspondence plus 40 hour Classroom
• 80 hour Classroom

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