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What is required for Toronto Realestate education?

 

What is required for Toronto Realestate education?

Many people in Toronto purchase properties for personal or business use.  There is also a segment of property buyers that prefers to invest in property to earn through capital gain or regular rental income.  It is the real estate agents or salespeople who help buyers and sellers in successful closing of property deals. 

A career in real estate industry can be very rewarding for someone who has good research and analytical skills and knows the art of building good rapport with clients. 

If you aspire to be a licensed salesperson in Toronto, you also need to complete a professional course and be qualified to deal with different aspects of this field.  To be registered as a salesperson with the Real Estate Council of Ontario and ‘trade’ in real estate in



Toronto or anywhere in Ontario, you must:

  • Be a resident of Canada
  • Be at least 18 years of age
  • Complete the pre-registration courses
  • Obtain employment with a registered brokerage and apply for registration within 12 months of successfully completing the last pre-registration segment course
  • Complete and submit the forms approved by the Registrar under Real Estate and Business Brokers Act (REBBA) 2002 accompanied by the relevant fee. 

The Salesperson Registration Education Program starts with the Pre-registration segment that must be completed within 18 months of the start date of the first course (Real Estate as a Professional Career).  All modules in this segment must be completed sequentially.  Also, you need to pass the exam with a score of not less than 75 percent at the end of each course before you proceed to the next one. 

Once you successfully complete the pre-registration segment, you have up to 12 months to obtain employment with a real estate brokerage and registration as a Salesperson with the Real Estate Council of Ontario.  The final part of real estate education is the Articling Segment, a mandatory 24 month course that follows your registration as a salesperson.   



To start with Salesperson Registration Education Program in Toronto, Ontario, you must be at least 18 years of age and:

  • Have an Ontario Secondary School Diploma or equivalent
  • Pass a qualifying test approved by the Superintendent of Private Career Colleges, Ministry of Training, Colleges and Universities. 

Course Details

In the Pre Registration segment of real estate education, you get to learn about:

  • Real Estate as a Professional Career
  • Land, Structures and Real Estate Trading
  • Real Estate Transaction – General Information
  • Residential Real Estate Transaction or Commercial Real Estate Transaction 

In the 2 year Articling Segment

  • Residential Real Estate Transaction or Commercial Real Estate Transaction  (course that was not taken in Pre Registration Segment)
  • Real Property Law
  • One Elective Module from – Principles of Appraisal, Real Estate Investment Analysis, Principles of Mortgage Financing, Principles of Property Management 

A salesperson in Toronto can also achieve 'Real Estate Broker registration by successfully completing an additional elective followed by the Real Estate Broker Course.  Many real estate agents pursue Broker qualification without becoming Broker/Owners.  Instead, these individuals remain with their respective employing brokerages and are legally recognized as Brokers but not necessarily as a Broker of Record. 

Brokerages have three ownership options – Sole Proprietorship, Partnership or Corporation.  The ultimate choice basically rests on individual circumstances including tax considerations and personal goals.  Brokerages may also have branch offices which are regulated under provisions of the Real Estate and Business Brokers Act 2002. 

You need to be a citizen of Canada and at least 18 years of age to be registered as a Broker.  You should have completed courses of study and passed all qualifying written examinations with a percentage of at least 75 percent.  To apply for broker registration you should have a work experience of at least 2 years as a real estate agent / salesperson. 

Real estate brokers in Toronto handle high value deals for their clients and reap good commissions. 

As a career real estate can indeed be very rewarding for those who develop an interest in the industry and start comprehending its intricacies.  For more information on real estate courses, visit:

What is required for Toronto Realestate education

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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