Real Estate Agent

How to Become a Real Estate Agent in Ontario

Have you chosen an exciting and rewarding real estate agent career in Ontario? Congratulations! This is an industry that is every-changing and that can be very successful and prosperous for you. It will allow you to meet with many different people, and help them achieve their dreams of finally becoming a homeowner, or finally selling that property they’ve been trying to get rid of! At CMI Real Estate, we’re always looking for eager, professional, and qualified people to join our team of expert real agents. But if you’re not licensed yet, you’ll first need to know how to become a real estate agent in Ontario.

To become licensed to practice real estate under the Ontario Real Estate Association, you must first meet one of two requirements. The first is that you must have be an Ontario post-secondary graduate; or the second, you must be at least 18 years of age, take the OREA Real Estate College Admissions Test, and pass successfully with a minimum mark of 50%. Once you have fulfilled these requirements, you can then move on to first real estate agent’s course that’s required; there are three in total.

The first real estate agent’s course is “Real Estate as a Professional Career,” and this costs $440. Once you complete it, you will need to take and pass an exam in order to move onto the second course. The second course, “Land, Structures, and Real Estate Trading,” costs $470 and after you complete the exam for this course, you can take the third, a course that can be either residential or commercial “The Real Estate Transaction,” costing $660 each, only one is mandatory. OREA generally gives a time frame of two months for completion of each course, but there is no minimum amount of time required on each one, either. This means that the faster you complete the courses and pass the exams, the faster you’ll be on your way to becoming a real agent in Ontario!

Once all three courses are complete, you can then register with the Real Estate Council of Ontario. There you will need to pay registration fees of $350, and insurance fees of $335. After that, it’s just a matter of joining a brokerage and starting your real estate training. Generally when you are just starting out in the field, the brokerage will pair you with a more experienced agent until you feel comfortable enough to break out on your own and start dealing with clients yourself. Generally brokerages charge fees as well, for the use of their resources and such; these fees will vary from brokerage to brokerage.

If you’re interested in becoming a real estate agent in Ontario, and you want to join one of the best real estate firms in Ontario once you do, give us a call at CMI Real Estate. We’ll be happy to speak to you about your future real estate career, possibly with us!