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Become a Real Estate Professional

 

Please review all information in this section before enrolling.

Meet the Requirements
Admission Requirements
Personal Skills
Technical Requirements
Financial Matters
Income Potential
Budgeting
The Learning Path
Real Estate as a Professional Career
Land, Structures & Real Estate Trading
The Real Estate Transaction - General & The Residential Real Estate Transaction
The Real Estate Transaction - General & The Commercial Real Estate Transaction
Articling
Real Estate Broker Course
Things You Need to Know
Student Handbook
College Bulletins
How to Enroll
Need Assistance?
Exam Information
College Program Standards
Student Medical Certificate
Accommodation of a Special Need
Replace Your OREA Student Card
Order Form
Examination Challenge Program
FAQs
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Continuing Education
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Examination Challenge Program
More Info
Real Estate as a Professional Career
Land, Structures and Real Estate Trading
The Real Estate Transaction - General and The Residential Real Estate Transaction
The Real Estate Transaction - General and The Commercial Real Estate Transaction
Real Property Law
Principles of Appraisal
Real Estate Investment Analysis
Principles of Mortgage Financing
Principles of Property Management

This program is approved by the Real Estate Council of Ontario and administered by the OREA Real Estate College. It is designed to assist individuals who may be eligible to pursue the Interprovincial Challenge Examination and/or course-specific examinations. The Interprovincial Challenge Examination tests skills and competencies relating to province-specific content. Challenge examinations may be offered to:

  • Existing salespeople and brokers from other Canadian jurisdictions.
  • Previously registered salespersons and brokers in the Province of Ontario.
  • Previously registered salespersons and brokers from other Canadian jurisdictions.
  • People seeking registration in Ontario who have recently completed the required educational programming to trade in real estate in another Canadian jurisdiction, but never registered as a salesperson or broker in that jurisdiction.
  • Mortgage brokers registered in the Province of Ontario.
  • Lawyers from Canadian jurisdictions.
  • Individuals with specific course equivalencies.
  • Salespersons or brokers from non-Canadian jurisdictions are eligible for portions of this challenge program.

The examination challenge approach provides a consistent method to assess knowledge, while ensuring that individuals demonstrate required skills and competencies using a structured evaluation format.

Interprovincial Challenge Examination
Successful completion of the Interprovincial Challenge Examination only fulfills the education requirement required to apply for registration under REBBA 2002; you must still meet all other registration requirements before your registration will be approved. Those coming from other Canadian jurisdictions must apply to RECO for registration within specific timelines. Ensure you consult with the RECO website (www.reco.on.ca) for full details on these timing elements, and all registration requirements, prior to contacting OREA to book your Interprovincial Challenge Examination.

The Interprovincial Challenge Examination assesses skills/competencies in regard to province-specific materials. Currently, this examination measures knowledge of relevant sections in Real Estate as a Professional Career, Land, Structures and Real Estate Trading, The Residential Real Estate Transaction - General, The Residential Real Estate Transaction, The Commercial Real Estate Transaction and Real Property Law. Policies and course summaries are provided to assist individuals in reviewing materials and identifying key province-specific topic matter for the challenge.

The Interprovincial Challenge Examination assumes that common topics (as recognized by Canadian regulators), and associated skills/competencies are adequately addressed through licensing/registration courses in the originating Canadian jurisdiction. The Interprovincial Challenge Examination is centred on skills/competencies for uncommon, province-specific subject matter, most notably Ontario legislation impacting the trading of real estate and unique regulatory considerations affecting registrants.

Note: All references in this text to interprovincial, provincial, and province-specific are deemed to include territories.

Course-Specific Examinations
The challenge program also provides the opportunity to challenge specific course examinations within the curriculum leading to registration. Eligible individuals are provided the same examination as students involved in respective education programs leading to initial salesperson registration, renewal of salesperson registration, and broker registration. Currently, eligibility involves mortgage brokers (registered in the Province of Ontario) and persons having completed selected courses in the appraisal, commercial, and industrial fields.

Course Materials
Course materials are available free of charge as a PDF to assist eligible individuals in preparing for the exam. As an alternative, course text books are available for purchase. A $50 administration fee will be charged to schedule a challenge examination.

Real Estate as a Professional Career
Land, Structures and Real Estate Trading
The Real Estate Transaction - General
The Residential Real Estate Transaction
The Commercial Real Estate Transaction
Real Property Law

Establishing Challenge Policies
The Registrar, REBBA 2002 of the Real Estate Council of Ontario has authorized the Ontario Real Estate Association to establish both general and course-specific policies for students enrolled in education programs for registration. While policies generally apply to all students, the Interprovincial Challenge Examination is viewed as a distinct activity. The Registrar, REBBA 2002 has the right to make changes to any policies or procedures as required and to determine the applicability of such policies in relation to an individual taking the Interprovincial Challenge Examination. The availability/timing of examinations including program requirements may be established or altered at any time without notice.

With respect to course-specific challenge examinations, the Registrar, REBBA 2002 reviews applications and may consider recommendations by the Credits Recommendation and Advisory Committee of the Real Estate Council of Ontario. The Registrar, REBBA 2002 grants eligible persons the right to challenge selected examinations in lieu of attending classroom programs or completing correspondence and online courses.

Additional Information
For details concerning credits and/or eligibility to challenge examinations, contact:

Real Estate Council of Ontario
3250 Bloor Street West, East Tower
Suite 600
Toronto, ON M8X 2X9
Telephone: (416) 207 4800
Outside Toronto: (800) 245 6910
Fax: (416) 207 4820
Internet: www.reco.on.ca