As of July 2019 how you go about becoming a REALTOR® in Ontario is changing, and we’re going to break it all down for you so there’s no mystery.
Financial investment: Approximately $5,600 including all course fees, registration, insurance.
Practising costs: most REALTORS® will need to bankroll all of their own marketing and administrative costs, as well as brokerage and franchise fees, so having a cushion of $2-4K set aside for this purpose is recommended.Practising costs include:
Contact management system
Advertising/marketing & supplies
Time: the licensing process varies greatly, depending on your availability.(Approximate time investment required outlined below)
Minimum age: 18
Have an Ontario Secondary School Diploma or Equivalent
Click here to apply to Humber College’s Real Estate Sales Person Program – $75 application fee.
Cost: $590 + $445 Errors & Omissions (E & O) Insurance
Timeline: must be completed within 12 months of completing step 1
Obtain Salesperson Registration with RECO:
Fulfill pre-requisites and complete step 1 (above)
Obtain employment with a registered brokerage firm
Complete and submit the registration forms including paid fee and criminal record check