If you’re interested in pursuing a career in real estate in Ontario, you’ll need to obtain a real estate license. In this blog post, we’ll cover the steps required to get your real estate license in Ontario, as well as some information about Humber Real Estate College.
Step 1: Meet the Requirements
Before you can obtain a real estate license in Ontario, you must meet several requirements. These include:
- Be at least 18 years old
- Have a Canadian high school diploma or equivalent
- Be a Canadian citizen or permanent resident
- Pass a criminal background check
Step 2: Complete the Pre-Licensing Course
To obtain your real estate license in Ontario, you’ll need to complete the pre-licensing course. This course covers the fundamentals of real estate and is designed to prepare you for the licensing exam. You can take the pre-licensing course through Humber Real Estate College.
Humber Real Estate College offers both in-person and online courses, making it easy for you to complete the pre-licensing course on your own schedule. The course covers a range of topics, including:
- Real estate law
- Property ownership and transfer
- Financing and mortgages
- Property appraisal and valuation
- Real estate marketing and sales
Step 3: Pass the Licensing Exam
After completing the pre-licensing course, you’ll need to pass the licensing exam. The exam is administered by the Real Estate Council of Ontario (RECO) and consists of 200 multiple-choice questions. You’ll need to score at least 75% to pass the exam.
Step 4: Find a Brokerage
Once you’ve passed the licensing exam, you’ll need to find a brokerage to work with. A brokerage is a company that employs real estate agents and provides support and resources to help them succeed. You’ll need to complete a registration form and pay a fee to register with a brokerage.
(Stay tuned for our next blog post – How to choose the right Brokerage for you!)
Step 5: Register with RECO
Finally, you’ll need to register with the Real Estate Council of Ontario (RECO). RECO is the governing body for real estate in Ontario and is responsible for regulating the industry and protecting consumers. You’ll need to pay a fee and provide proof of insurance to register with RECO.
Good luck in your journey to becoming a licensed real estate agent in Ontario! If you have questions for us or would like some more guidance as you embark on this new career we’re always happy to help. Just reach out to our Broker/Owner, Vanessa Oake Hogan, to set up a meeting to get you started!