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Getting Started in Real Estate


 

Admission

The first step to becoming a real estate agent is to apply for admission to The Salesperson Registration Education Program.  In order to be admitted into The Salesperson Registration Education Program you must be a resident of Canada, be at least 18 years old, and have either an Ontario Secondary School Diploma or pass a qualifying test. Once admitted you can begin taking pre-registration course.

 

 

Pre-Registration Courses

 

Applicants wishing to obtain a license in real estate must first complete pre-registration courses as part of the Salesperson Registration Education Program. You will have 18 months from the start of your first course to complete all the courses.  All courses must be completed with a mark of at least 75%, otherwise you cannot proceed onto the next course.

 

For those unable to attend in classroom online learning and correspondence options are available. 

 

The courses must be completed in order, as follows:

 

Real Estate as a Professional Career

Real Estate as a Professional Career is offered in the Classroom and by Correspondence or e-Learning, allowing students to proceed independently. This course introduces basic real estate concepts, details the Salesperson/Broker relationship, explains market dynamics, and includes various mathematical calculations.

 

Salesperson-Land Structures and Real Estate TradingLand, Structures and Real Estate Trading

This course examines detailed statutory requirements, accepted trading practices, and technical requirements concerning representation relationships. This program is available through correspondence, e-Learning and classroom instruction (a 60 hour course).

 

 

Salesperson-Real Estate TransactionThe Residential Real Estate Transaction

 

These courses provide a detailed overview of the real estate transaction, from listing agreement through to the final sale. The Real Estate Transaction—General course must be taken first, followed by The Residential Real Estate Transaction.

Students who enrol for the e-Learning or correspondence segment must, at the same time, select and enrol for the subsequent course, The Residential Real Estate Transaction 40-hour classroom session.

CommercialTrans-LookInsideThe Commercial Real Estate Transaction

This course provides a detailed overview of a commercial real estate transaction, from listing agreement through to the final sale, and explores current trends and issues that impact commercial real estate.

 

 

Salesperson-RealPropertyLawReal Property Law

Real Property Law provides students with a clear understanding of legal issues concerning property ownership and in-depth knowledge of a number of legislative acts.

 

Articling Segment

Graduates have 24 months from the date of initial registration with RECO to complete this segment.

The two-year Articling segment begins once a new graduate registers with RECO as a salesperson. Graduates must complete one elective course before they can renew their salesperson registration

Elective courses (select one)

Salesperson-Principles of Appraisal

Principles of Appraisal

Principles of Appraisal provides an understanding of valuation theory and is designed to develop registrants’ ability to evaluate property in the course of trading activities.

 

 

Salesperson-Principles of Mortgage Financing

Principles of Mortgage Financing

Principles of Mortgage Financing explores the mortgage market and provides hands-on exposure to forms, applications, and mortgage calculations.

 

 

Salesperson-Principles of Property Management

Principles of Property Management

Principles of Property Management provides students with a comprehension of issues and day to day responsibilities faced by property managers.

 

 

Salesperson-Real Estate Investment Analysis

Real Estate Investment Analysis

Real Estate Investment Analysis provides students with an understanding of the increasingly sophisticated demands of commercial real estate clients and investors, who demand complex calculations for investment comparisons and valuations. During the course, students are exposed to analytical methodology of comparing cash flows and returns to determine the present value of future benefits.

 

 

About WECAR

 

Windsor-Essex County Association of REALTORS® is the oldest Real Estate Association/Board in Ontario and the second oldest in Canada, celebrating its 100th Anniversary in 2018. 

 

An application package will be provided to new applicants when joining a registered real estate Brokerage. Once approved, an entrance fee is incurred in order to become a member.