What does it take to become a real estate salesperson in Ontario?
- Financial investment: A little under $6,000 including all course fees, registration, insurance.
- Practising costs: The majority of Realtors will need some savings to cover the first few months in the business
- to pay for marketing and administrative costs, as well as brokerage and franchise fees, so having a cushion of $6-$10,000
- will help.
- Here are a few costs you may incur:
- Brokerage fees
- Franchise fees
- Contact management system (CRM)
- Closing Gifts
- Advertising/marketing & supplies
- Cell phone
- Time: the licensing process varies greatly, depending on your availability.
(Approximate time investment required outlined below)
- Canadian resident
- Minimum age: 18
- Have an Ontario Secondary School Diploma or Equivalent
Entry into the real estate profession takes preparation. As with other professions, licensing is required.
Licensing requirements vary across Canada, but all provinces require prospective salespeople and brokers to pass a written exam.
Before you can get a real estate license you must attend real estate education classes at a real estate school that offers pre-licensing courses.
Visit this link to know and learn more about getting a Real Estate License.
3 steps to complete the
Real Estate Salesperson Program
STEP 1: PRE-REGISTRATION
Get started here with pre-registration and complete the courses, exams and simulation sessions sequentially as shown below. You will have a maximum of 24 months to complete pre-registration.
Real Estate Essentials
Exam 1: Invigilated Exam (2 hours)
Residential Real Estate
Exam 2: Invigilated Exam (3 hours)
Exam 3: Invigilated Exam (3 hours)
Simulation Session #1:
Exam 4: Invigilated Exam (3 hours)
Simulation Session #2:
Commercial Real Estate
*As learning is self-directed, the time indicated is an estimation. Actual time will vary by the learner.