We’re counting down our top blogs of the year! The hot market, space to reimagine career goals and added appreciation for loving where we we call home likely all contributed to rocketing this blog to the #1 most read of 2020. Updated with new information, here’s a step-by-step guide on how you can be a Realtor®.
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
The Pre-Registration Phase is your first step towards becoming a real estate salesperson in Ontario. You must complete this first phase of the Real Estate Salesperson Program before applying for registration with RECO. This phase comprises of 5 courses, 4 exams and 2 simulation sessions which must be completed sequentially as shown below. You will have a maximum of 24 months to complete pre-registration.
Cost: $590 + $475 Errors & Omissions (E & O) Insurance
Timeline: must be completed within 12 months of completing step 1
Obtain Salesperson Registration with RECO:
Faris Team Real Estate Brokerage is the #1 real estate team in Simcoe County and is currently seeking highly motivated sales professionals to join our rapidly expanding team. If you’re a team player who is passionate about real estate, has a sales background, a tireless work ethic, lives to serve others and works well under pressure, we’re looking for you!
A real estate license is not necessary to apply, but you are required to be in the process of obtaining it.
Training and mentorship provided
Potential for earning $150,000 within your first full year
Sales skills and a love for the real estate industry is a must.
Visit our Careers Page and apply now!