How to Become a Real Estate Agent in Ontario

There is a variety of career paths in real estate to become a licensed real estate agent in Ontario. These include property management, Residential Property, Fix and Flip, Commercial & Industrial, Condominium, Student Rental, MLS Listings and investment real estate, farm or acreage real estate and business brokering. Enough motivation and effort is necessary but candidates who meet all the basic requirements for a license can easily become real estate agents in Ontario.

Instructions

Basic Requirements

1.       You must be at least 18 years of age.

2.       You must have Canadian high school diploma or equivalent.

3.       You must check the course requirements of your resident province; to become a licensed real estate agent, required courses depend on the province in which you live.

Become Licensed

1.       First of all, complete the Real Estate Associate’s Program (REAP) and the courses offered online by the Real Estate Council of Alberta (RECA) to be eligible for a license in Alberta.

2.       Start searching for work with a broker, who is responsible for applying for the candidate’s license and registration from RECA.

3.       Undergo an investigation into your background, per British Columbia’s Real Estate Services Act. Individuals with summary convictions will not be granted licenses until two years after paying retribution.

4.       Now it is time to choose and pursue your own real estate career path in British Columbia and pursue the appropriate licensing course of study from the University of British Columbia (UBC) Real Estate Division.

5.       You have to complete a 15-day licensing course in Nova Scotia and you must have to get the 70 percent of the exam to pass. If you don’t get this percentage in three tries, do it again.

6.       Now you have to complete the „Application for a Salesperson“ form and a Schedule „A“ and have your broker sign the forms. Submit the forms, along with all required documents. These include your exam letter, a copy of your birth certificate, your driver’s license and the appropriate fees to the Nova Scotia Real Estate Commission.

7.      Now it is the stage to complete the Real Estate Council of Ontario’s pre-registration courses, administered by the Ontario Real Estate Association.

Tips & Warnings

1.       Take the Real Estate Sales ability Test in British Columbia. While it’s not mandatory, it helps to determine that you are suited to real estate work before you spend money to become licensed.

2.       Visit the Real Estate Institute of Canada website to find out the contact information for the various regional leading bodies in Canada.

3.       You can’t have a criminal record in the five years before applying for a real estate license in Quebec.

4.       Applicants must not have committed any offense against the Real Estate Brokerage Act, or an act governing real estate brokerage outside Québec, in the five years earlier to applying.

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Source by Rhys Trenhaile