How to Become a Real Estate Agent in Ontario 2022
Real estate agents in Ontario are often at the center of any transaction that involves property. Whether you are helping someone find their new home or sell an old one, being a qualified professional in this industry can give people great satisfaction from owning something they love even more than themselves.
So if you have decided to become a real estate agent in Ontario 2022, here are the steps that you need to do in order to become successful in this career.
Complete A Real Estate Course
When you are ready to start your career in real estate sales, it is important that not only are you qualified and experienced enough for this position but also registered with RECO. You must first complete mandatory pre-registration education courses before registering as an agent or broker of record which includes passing both written exams and practical skills tests.
Humber College offers a program to help students prepare for careers in real estate. The course is called Real Estate Professional and you need to do a “Pre-Registration Learning Path” which can be taken on either campus or online. The course is also flexible so you have more time off work. However, you also need an official GED certificate or Canadian high school diploma to take this course.
The Humber College program will give you valuable insights and an understanding of key aspects of real estate. You can also benefit from online data banks that are searchable, as well as vital information to help get started on your own sales journey.
There are five units in the program: the essentials of real estate, transactions in real estate and commercial real estate, plus other additional transactions in real estate, and how to get started in real estate.
In order to continue with the course, you must pass examinations at the end of each unit. These sessions allow you to apply what you have learned in a real-life scenario. In addition, there is one week-long course that covers it all and then again for those who want even more hands-on training.
With a flexible schedule and easy access to online learning, this program is perfect for those who live far away. Completing the course can take up nine months or more if you are going at your own pace, but it will be worth all of that time once you pass all examinations with flying colors.
Search for a Brokerage
When you finish your pre-registration course, it is time to find yourself a brokerage and broker of record. This can be any company in the GTA – from small independent brokers or huge multinational corporations with franchises across countries.
Every brokerage works independently. For example, some offer more marketing services than others, but each has its own unique approach so make sure that whichever one catches your eye is right for what you want.
Another common feature in the way real estate brokers hire and employ licensed salespeople is a regular fee paid by those who work for them. This can take many different forms, but often includes franchise fees or desk charges as well to cover expenses like stamps and registration plates at their offices.
You can research appropriately what kind of brokerage you are looking for. Once armed with the knowledge of various brokerages near your area, visit their website and speak directly to professionals already working there before making decisions about choosing one firm over another.
Register with RECO for your Real Estate License in Ontario
After completing the pre-registration stage and associating yourself with one of the brokerages, then the next step in getting your real estate license in Ontario is to register yourself with RECO.
The 12-month waiting period to get your real estate license in Ontario begins after you finish the preregistration phase. If it takes more than one year, there will be no grace periods for retakes on courses or exams, so make sure that every inch of progress counts.
The cost to become a salesperson with RECO is $590. Once you are registered, it is time for some real estate trading.
But take note that you need to complete several required continuing education courses within the 2-year articling period after which you will become a full-fledged sales representative. Thereafter, every registrant has to take Continuing Education courses offered by RECO every two years or their registration may be canceled on the renewal date.
Conclusion
The Canadian housing market is competitive and challenging, but it does not have to be daunting. As a realtor you will need knowledge of the property yourself as well as access through your network or partnerships with other brokers – all while converting leads into transactions.
Successful agents know that they need to take things slow, educate themselves about the business and connect with people.
References:
- news.livingrealty.com/how-to-become-a-licensed-real-estate-agent-in-ontario/
- bethandryan.ca/how-to-become-a-real-estate-agent-2/
- icycanada.com/real-estate-license-ontario/
- savemax.com/blogs/5-steps-to-become-a-successful-real-estate-agent-in-canada/?gclid=CjwKCAjw3cSSBhBGEiwAVII0ZxMhQpSqQjAoFwpMUBHcOmwnoMdwhaQqOYi3wixoBvnLD74KPL1SZxoCYSYQAvD_BwE
