How to become a REALTOR in 3 steps in Ontario

As of July 2019 how you go about becoming a REALTOR® in Ontario is changing, and we’re going to break it all down for you so there’s no mystery.

What does it take to become a real estate salesperson in Ontario?

  • Financial investment: Approximately $5,600 including all course fees, registration, insurance.
  • Practising costs: most REALTORS® will need to bankroll all of their own marketing and administrative costs, as well as brokerage and franchise fees, so having a cushion of $2-4K set aside for this purpose is recommended.


Practising costs include:

  • Brokerage fees
  • Franchise fees
  • Contact management system
  • Signage
  • Website
  • Staging/photography
  • Closing Gifts
  • Advertising/marketing & supplies
  • Cell phone
  • Computer/tablet
  • Car
  • Time: the licensing process varies greatly, depending on your availability.
    (Approximate time investment required outlined below)


Prerequisites:

  • Canadian resident
  • Minimum age: 18
  • Have an Ontario Secondary School Diploma or Equivalent


Here’s how to become an Ontario REALTOR® in three steps:

Step 1 – Pre-registration – approx* 208 hours & $4,175

Click here to apply to Humber College’s Real Estate Sales Person Program – $75 application fee.

Click here to purchase HUMBER and OREA study guides to aid you in passing the exams.



Step 2 – Register with RECO

  • Cost: $590 + $445 Errors & Omissions (E & O) Insurance
  • Timeline: must be completed within 12 months of completing step 1
  • Obtain Salesperson Registration with RECO:


Step 3 – Post-registration – approx 50 hours & $770