According to a current survey administered by the Ontario Real Estate Association (OREA), Canadians go for owning a home over renting given that over 70% of present renters claim they intend to obtain their private homes in the future. If you would like to help people reach this objective, and earn considerable monetary rewards along the way, you may choose to look at a career in the realty trade. The road to becoming a real estate expert, nonetheless, isn't an easy one; you'll have to secure your Ontario real estate license first.
To turn into a broker, one has to be at least 18 years of age, and must get a degree or diploma from an Ontario college preparatory school or its equivalent. Later on, the individual needs to talk to OREA and schedule for the OREA Real Estate College Admissions Test. The passing score for this admissions test is at least 50 percent.
The entrance test is designed to fulfill the Private Career Colleges Act of 2005. The examination is composed of 50 multiple choice questions focusing on real property to evaluate an individual's standard English and mathematical proficiencies. If one wishes to take the examination, he should phone the OREA office and ask for a schedule.
After passing the admissions examination, the person ought to then enroll in the OREA Real Estate College and finish the required preregistration programs. These programs are specifically Land, Structures, and Real Estate; Real Estate as a Professional Career; the Residential or Commercial Real Estate Transaction; and the General Real Estate Transaction. Upon conclusion of these courses, the person can now apply at the Real Estate Council of Ontario (RECO) for preliminary sales representative certification.
Upon obtaining the preliminary salesperson registration from RECO, the individual can do business as a real estate representative. Nonetheless, the person is also needed to accomplish three more programs within 24 months of being given registration. As soon as the programs have been accomplished, the person can now apply at RECO for a permanent real estate salesperson license.
The moment a person has acquired the license, she or he can await a highly gratifying profession as a real estate agent in Ontario. There are various firms where the real estate careers of Ontario specialists are probable to thrive considering that they give relevance to cooperating as a team; personnel in such service providers will take pleasure in a prosperous, encouraging, and fun working atmosphere. For additional facts, see ehow.com/how_7427422_become-realtor-ontario.html.
Ideas on Obtaining a Real Estate License in Ontario