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What Realestate courses are required in Ontario to get your license?


What Realestate courses are required in Ontario to get your license?

In order for you to have a successful career in real estate in Ontario, it is essential to be well qualified for the job and to obtain your Ontario real estate license. The job of a real estate agent or broker is not just to bridge the gap between the buyer and seller of a property.

The agent or salesperson needs to be very proficient in preparing the paperwork and important documents related to the sale and help your client in closing the sale without any issues. To be well acquainted with real estate field and understand all the intricacies of this field, aspiring agents need to successfully complete a detailed and selection of courses related to real estate in Ontario.

In Ontario, the Ontario Real Estate Association (OREA) oversees the educational courses required to become a licensed realtor. To get your license, you are required to complete:

  • 3 phases of the real estate as a professional career program
  • a two-year articling phase

The courses needs to be completed in 18 months from the date of beginning phase one of the course. In case you are unable to attend regular classes, the course can also be completed online or through correspondence. 

The first phase of the course will teach you a general overview of the benefits and challenges associated with a career in real estate in Ontario. It also provides an outline of the requirements for registration as a realtor, and the mathematical skills required to handle typical transactions. You also get an idea of the number of specialty fields and advanced career opportunities in real estate. Phase one needs to be completed in 12 months once you have begun the course.

Phase 2 of the course gives you an idea about land structures and real estate trading. It introduces you to the technical aspects of real estate as a profession and provides a basic overview of the different concepts. The course helps you examine a number of statutory laws, rules, and regulations that impact real estate transactions.

The third phase of the course is at two levels – general and advanced. At the general level you get to know the details involved in real estate transactions. The documents that need to be filled in, the authorities involved and the financial and legal commitments of buyers and sellers can be fully understood by aspiring real estate agents and brokers, such as you, in this phase of the course. Intricacies of sales concerning residential and commercial properties are explained at the general level.  

At the advanced level, you may decide to study advanced residential or advanced commercial property course. This will help you to become specialized in your preferred real estate field.

The advanced residential specialization involves workshop activities that cover a range of subjects. These include:

  • Acquiring of listings
  • Marking the properties
  • Qualifying buyers
  • Preparing and presenting offers

If you decide to study the advanced commercial specialization, our studies would include a detailed explanation for commercial real estate properties in Ontario such as:

  • Offices
  • Retail Outlets
  • Restaurants
  • Shopping malls
  • Multi-residential properties (developed by commercial builders)
  • Vacant land

The next step is the Articling Phase and in this phase you would study a few of a series of courses that cover certain specific areas of real estate. These include courses on:

Real Property Law – Explaining the many complex common and statutory laws and issues that affect real estate transactions

Principles of Appraisal – Designed to develop the ability to evaluate property for listing, marketing, financing, and selling.

Principles of Mortgage Financing – Exploring legal, mathematical, and procedural aspects of mortgage financing.

Principles of Property Management – Providing information needed to operate and manage a property on behalf of an owner

Real Estate Investment Analysis – Designed for experienced realtors looking to improve their knowledge and skill in the analysis of ICI property.

On completion of the course, you will still be required to pass a final test and then you would obtain your Ontario license for a profession in real estate. To learn more about real estate courses essential for getting your real estate license in Ontario, click:

What Realestate courses are required in Ontario to get your license.htm

The main educator in Ontario and the governing body that certifies you to become a Real Estate Agent in Ontario has a website, OREA, which offers information and courses about How to get started in Real Estate in Ontario!  You may read more about how to become a real estate agent

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