Becoming A Salesperson
Pre-registration Segment
The Salesperson Registration Education Program
You have 18 months from the start of the first course to complete this segment.
In the Pre-registration Segment of the Salesperson Registration Education Program, you will complete the courses required to become eligible to apply to the Real Estate Council of Ontario (RECO) for your initial registration as a salesperson.
The courses must be completed in order, as follows:
Real Estate as a Professional Career: $525.00
This course provides a general overview of the real estate profession and how it interacts with other elements of society. The course introduces basic real estate concepts, details the salesperson/broker relationship, explains market dynamics, and includes various mathematical calculations. Offered in the classroom, by correspondence, and e-Learning.
Land, Structures and Real Estate Trading: $545.00
This course provides an overview of how land and property are registered and how ownership occurs. Offered in the classroom (60 hours), by correspondence, and e-Learning.
The Real Estate Transaction – General + The Residential Real Estate Transaction: $425.00 each
These courses provide a detailed overview of the real estate transaction, from listing agreement through to the final sale. The Real Estate Transaction—General course must be taken first, followed by The Residential Real Estate Transaction.
Students who enrol for the e-Learning or correspondence segment must, at the same time, select and enrol for the subsequent course, The Residential Real Estate Transaction 40-hour classroom session.
The Commercial Real Estate Transaction: $425.00
This course provides a detailed overview of a commercial real estate transaction, from listing agreement through to the final sale, and explores current trends and issues that impact commercial real estate.
Real Property Law: $505.00
Real Property Law provides students with a clear understanding of legal issues concerning property ownership and in-depth knowledge of a number of legislative acts.
Registering with RECO: $350.00 and a current criminal record check
To become registered as a Salesperson with the Real Estate Council of Ontario (RECO), you must:
- be a resident of Canada
- be at least 18 years of age
- complete the Pre-registration Segment courses within 18 months of the start date of the first course (Real Estate as a Professional Career)
- obtain employment with a registered brokerage and make application for registration with RECO within 12 months of completing the Pre-registration Segment
- apply for registration within one year of successfully completing your last Pre-registration course (The Real Estate Transaction-General and either The Residential Real Estate Transaction or The Commercial Real Estate Transaction)
- complete and submit the forms approved by the Registrar under REBBA 2002, accompanied by the relevant fee
You may begin trading in real estate upon obtaining Salesperson registration with RECO.
Registration Renewal: You must renew your registration every two years. To renew your registration as a Salesperson with RECO, you must successfully complete the Articling Segment of The Salesperson Registration Education Program within 24 months of the start date of your initial registration with RECO.
Maintaining Your Registration: Following completion of your first registration cycle (Articling Segment courses), you must complete the continuing education requirements in every two-year cycle thereafter to maintain your real estate registration, including the RECO Real Estate Update Course (Residential or Commercial). The continuing education requirements apply to all registered real estate brokers and salespersons.
Graduates have 24 months from the date of initial registration with RECO to complete this segment.
The two-year Articling segment begins once a new graduate registers with RECO as a salesperson. Graduates must complete one elective course before they can renew their salesperson registration
Articling Segment
The Salesperson Registration Education Program: Graduates have 24 months from the date of initial registration with RECO to complete this segment.
The two-year Articling segment begins once a new graduate registers with RECO as a salesperson. Graduates must complete one elective course before they can renew their salesperson registration
Elective courses (select one)
Principles of Appraisal: $505.00
Principles of Appraisal provides an understanding of valuation theory and is designed to develop registrants’ ability to evaluate property in the course of trading activities.
Principles of Mortgage Financing: $505.00
Principles of Mortgage Financing explores the mortgage market and provides hands-on exposure to forms, applications, and mortgage calculations.
Principles of Property Management: $505.00
Principles of Property Management provides students with a comprehension of issues and day to day responsibilities faced by property managers.
Real Estate Investment Analysis: $505.00
Real Estate Investment Analysis provides students with an understanding of the increasingly sophisticated demands of commercial real estate clients and investors, who demand complex calculations for investment comparisons and valuations. During the course, students are exposed to analytical methodology of comparing cash flows and returns to determine the present value of future benefits.
Become a Real Estate Broker
$925.00
A salesperson can become a real estate broker by successfully completing:
One additional elective course from the Articling Segment of the Salesperson Registration Education Program*
(*Individuals who have not taken Phase 3 Commercial must take The Commercial Real Estate Transaction as the additional elective course.)
Prerequisites
Successful completion of:
- The Salesperson Registration Education Program
- One additional elective from the Articling Segment*
*Individuals who have not taken Phase 3 Commercial must take The Commercial Real Estate Transaction as the additional Elective course.
** Course Fees and information subject to change without notice. To verify current pricing and course information please visit www.orea.com and click on “Becoming a REALTOR®” **
