Real Estate Licencing Requirements for Ontario
Becoming a Real Estate Salesperson in Ontario
Starting your career in Real Estate in the province of Ontario starts with a Pre-registration Segment with the Ontario Real Estate Association (OREA) Real Estate College. OREA is the education provider in Ontario for all Real Estate Salespeople.
The OREA Pre-registration Segment consists of 5 courses, which must be successfully completed within 18 months of the start date of the first course.
Once you’ve successfully completed the Pre-registration Segment, you now have up to 12 months to obtain employment with a brokerage and obtain a Registration as a Salesperson with the Real Estate Council of Ontario (RECO). RECO is the corporation that regulates the trade of real estate in Ontario.
Now that you’ve been registered with RECO and employed with a brokerage you are able to fully trade in Real Estate as a REALTOR® assisting Buyers and Sellers with their real estate transactions.
Finally, you must complete the mandatory Articling Segment consisting of 1 additional course to fully complete the OREA Education Program, within 24-month period following the student’s registration as a Salesperson with RECO.
Real Estate Day to Day
The real estate marketplace is constantly changing and we need to keep our skills up-to-date in order to succeed. That’s why RECO implemented a mandatory continuing education program. By ensuring that we maintain and enhance our skills, we will continue to build consumer confidence and trust in our profession.
All RECO registrants must complete the RECO Continuing Education requirements during each two-year registration cycle after the OREA articling Segment is completed, in order to maintain a real estate registration in Ontario.
Royal LePage Personal Orientation Profile
Click below to complete our free Personal Orientation Profile to find out if a real estate career at Royal LePage is right for you. Upon completion of this interactive assessment, you will receive a report with useful career management feedback, more information on the benefits of becoming a Royal LePage agent, and contact information for a Royal LePage broker in your area.
Do You Have The Entrepreneurial Stuff?
The following questions deal with your personal background, behavioural characteristics and lifestyle patterns. Answer every question as honestly as you can with one of the following answers: definitely yes, probably yes, probably no or definitely no.
I am prepared to make sacrifices in my family life and take a cut in pay to succeed in my own business
I take risks for the thrill of it
I enjoy doing something just to prove that I can
I enjoy tackling a task without knowing all the potential problems
Once I decide to do something. I will do it, and nothing can stop me
When I begin a task, I set clear goals and objectives for myself
After a severe setback in a project, I am able to pick up the pieces and start over again
I am usually able to come up with more than one way of solving a problem
I believe in organizing my tasks before getting started
I find myself constantly thinking up new ideas
I can concentrate on one subject for extended periods of times
I find unexpected energy as I tackle things I like
I am likely to work long hours to accomplish a goal
When I do a good job, I am satisfied in knowing the job has been well done
I like the feeling of being in charge
When I think of the future, I see myself running my own business
I try to do a better job than is expected of me
Personal satisfaction means more to me than having money to spend on myself
I try to find benefits in a bad situation
I persist when others tell me it can’t be done
I enjoy being able to make my own decisions on the job
I can accept failure without admitting defeat
I strive to use past mistakes as learning processes
I find that answers to problems come out of nowhere
I prefer to make final decisions on my own
For each time you answered “definitely yes,” give yourself four points. For each “probably yes,” give yourself three points. For “probably no,” two points and for “definitely no,” one.
If your score is above 75, you are definitely entrepreneurial. Your background, behaviour and lifestyle patterns should give you the basis for a successful business.
A high score doesn’t guarantee success, just as a low score doesn’t mean there’s no hope.
A score between 50 and 74 means you may be entrepreneurial. The assessments involved in preparing your business plan can serve as a second opinion as to whether you should proceed with its development.
A score between 26 and 49 means you’re probably not entrepreneurial.
Other possibilities may be more suitable to you. A score of 25 or less means you are definitely not entrepreneurial. You will probably work best as an employee.
Some final words of caution. A high score does not guarantee you will succeed in running your own business. Sound business management is still required.
Conversely, if your score was low, there is no certainty that you will never succeed in running your own business. Circumstances change, and so do our attitudes and behaviour. Any of these changes might increase your likelihood of success. After all, the only constant in today’s world is change.
Written by Larry Easto, The Toronto Star