Course costs leading to registration as a salesperson are just part of the total investment required for salesperson registration in Ontario. Additional costs include:

• A two-year salesperson registration fee paid to the Real Estate Council of Ontario (RECO), along with the mandatory insurance program premium.
• Real estate board dues. Dues vary throughout the province. You may also be responsible for other board services fees. Contact your local board for more information.
• Brokerages fees. Brokerages may hold you accountable for advertising and/or other costs associated with the real estate profession (e.g., telephone calls, paging services, administration fees, and photocopy/fax services). You are encouraged to investigate costs and services of different real estate brokerages.
• Other costs include vehicle operation and maintenance, personal attire, computer equipment, and electronic communication devices.

Keep in mind that once you complete the pre-registration courses and obtain salesperson registration, several months may elapse before commissions are earned and subsequently received.

No profession is without initial and ongoing fees. Budget carefully and wisely. A portion of every earned dollar should be reinvested in ongoing professional requirements, continuing education, and other career enhancements. Make sound financial decisions, set aside sufficient funds, and always reinvest in yourself.

Real Estate as a Professional Career