Fee: $805
Pre-Requisites: Completion of the Pre-Registration program, the Articling stage, and one additional elective

Brokers are authorized to trade in real estate on behalf of another person. The broker as an owner, employs or appoints salespeople to perform day-to-day listing/selling functions in the trading process.

Broker/owners have three ownership options when forming a brokerage: sole proprietorship, partnership, or corporation. Brokerages may have branch offices, which are regulated under provisions of the Real Estate and Business Brokers Act.

Many salespeople complete the required courses and meet other RECO broker requirements, but do not open a brokerage. Instead, these individuals remain with their particular employing brokerages.

To become registered as a broker, an applicant must:

• Be at least 18 years of age.
• Be a resident of Canada.
• Include supporting documentation as required with the application, and pay appropriate fees.
• Have been registered and employed as a salesperson for at least 24 of the 36 months immediately preceding the date of application, or have equivalent experience.
• Have completed courses of study and passed written examinations all as approved by the Registrar with a pass mark of not less than 75%. The final examination must have been completed within the one year preceding application.
• Make an application within one year of the Professional Real Estate Brokerage course examination date. If an application is made 12-18 months after the examination date, the exam must be re-taken. If an application is made 18 months or later from the examination date, the Professional Real Estate Brokerage course must be repeated. The application must be made on the prescribed form.
• Have a good past record of financial responsibility and conduct.

The final course leading to professional broker status is geared to registrants opening or managing a brokerage office. Strategic management, business plans, brokerage setup, and appropriate regulatory requirements and registration procedures are covered.

In this course, you will undertake in-depth analysis of practical situations involving finances, general record organization, human resources, and other brokerage duties. Exercises frequently use simulated office records, real estate transactions, and supporting brokerage documentation. This hands-on approach highlights professional practices and quality control mechanisms essential in a brokerage office, while promoting heightened consumer protection.

Professional Real Estate Brokerage must be completed within 12 months of the original e-learning or correspondence start date. If necessary, re-write examinations must be completed within one year of the original examination date. No extensions are granted.

Study Methods
Choose from one of the following study methods:

• E-Learning plus 40-Hour Classroom
• Correspondence plus 40-Hour Classroom
• 60-Hour Classroom

How to Enroll

• Call the OREA Real Estate College at 416-391-6732 or 1-866-411-6732.
• Download the Enrollment Form  and fax to 416-445-2113 or
  Mail to: 99 Duncan Mill Road, Don Mills, Ontario M3B 1Z2.
• In person at the OREA Real Estate College, 99 Duncan Mill Road, Don Mills, Ontario M3B 1Z2.

By registering in any OREA Real Estate College course, students are automatically deemed to have read and accepted all policies, rules, and regulations outlined in the College Program Standards.