Now more than ever, the noise and commotion surrounding the housing market in Canada can be incredibly confusing for many potential buyers and sellers. During these tumultuous times, the role of the Real Estate Salesperson in guiding people through real estate transactions and ensuring both sides of the deal achieve success cannot be understated. There is a reason that professionals in the real estate sector exist. We need to use them and embrace them as our allies. Real estate is a regulated profession in Ontario, so all salespersons and brokers must be registered with the Real Estate Council of Ontario (RECO).Becoming a real estate agent involves required training and education. To become a real estate agent in Canada, the very basic 3 requirements to get the process going are as follows: you must be at least 18 years old, have earned a high school diploma, and be a Canadian citizen.&nbsp;Of course, this is not enough to earn yourself the title of a real estate agent, so you must proceed with training. Training is also the first step in your licensing application. You must register in and complete your province’s real estate course from an accredited board. The courses across provinces vary slightly, however the differences are almost negligible. A great example of a very well-developed program can by found at Toronto’s Humber College. Their program incudes:<figure class="image"><img src="https://files.rifo.co/CompanySite/32/32_图片 2.png"></figure><figure class="image"><img src="https://files.rifo.co/CompanySite/32/32_图片 3.png"></figure><figure class="image"><img src="https://files.rifo.co/CompanySite/32/32_图片 4.png"></figure>Next, applicants will need to have their licensing application sponsored by a real estate agency. The goal is to find an agency that accommodates your work habits and adheres to a reasonable fee structure. Now that your licensing application has a sponsor, you can submit your application, and in many provinces, will be required to write a final exam.&nbsp;The next step in the process involves getting Errors and Omissions insurance. This is a “type of professional liability insurance” to protect against negligence accusations. Such insurance is required for any “advice-giving” careers, such as lawyers, doctors, and of course real estate agents. Errors and Omissions insurance covers court costs and settlements. Without it, you and your business are responsible for any damages plus legal fees.&nbsp;In addition, you will need to have completed articling or a given period of professional practice. This internship provides hands-on style learning in a supervised environment. This usually takes place within your sponsored agency. You will also want to collect clients. Leighton Burley also outlines the importance of advertising yourself, in that having signs and a good website will help. Now that the licensing process is over, you need to join the Canadian Real Estate Association, and a local board.&nbsp;On average, the cost of getting your real estate agent’s license in Canada will be between $3,500 to $7,500, although the price will vary. In addition, the cost of acquiring your real estate license in Canada will vary depending on the province you live in and the educational institutes you attend for your training.&nbsp;It will take about 9-12 months of training and course work and another two years known as the ‘articling period’ before you’ll become a fully authorized real estate salesperson.There is always more to learn. While you have finished your licensing at this point and have gained considerable experience and knowledge, you’re not done. Many provinces require continuing education to prevent your skillset and knowledge from becoming outdated<figure class="table" style="height:150%;width:100%;"><table style="border-color:hsl(0, 0%, 100%);border-style:solid;"><tbody><tr><td style="border-color:hsl(0, 0%, 100%);border-style:solid;height:150%;width:50%;"><figure class="image image_resized" style="width:94.42%;"><img src="https://files.rifo.co/CompanySite/32/32_图片 5.jpg"></figure></td><td style="border-color:hsl(0, 0%, 100%);border-style:solid;">&nbsp;Raymond Xu, MBA, President of Eastide Realty a RIFO Realty company, values Agents that carry a passion for lifetime leaning. “Agents that are always looking for ways to improve their skills and in turn add value to clients are Agents that we want to support.” James Lin, Eastide Broker of Record concurs. “It is essential for Agents to remain current and to commit to a program of life-long learning.”&nbsp;Becoming a real estate agent involves more than just common-sense knowledge about the real estate sector. Real estate agents carry the expertise and tools to properly assist clients in purchasing or selling a property, as well as preparation for sales and purchasing. It is important to hire a professional to assist with your real estate deals.&nbsp;</td></tr></tbody></table></figure>

Becoming a Real Estate Salesperson in Canada: Brief Introduction

Now more than ever, the noise and commotion surrounding the housing market in Canada can be incredibly confusing for many potential buyers and sellers. During these tumultuous times, the role of the Real Estate Salesperson in guiding people through real estate transactions and ensuring both sides of the deal achieve success cannot be understated. There is a reason that professionals in the real estate sector exist. We need to use them and embrace them as our allies. Real estate is a regulated profession in Ontario, so all salespersons and brokers must be registered with the Real Estate Council of Ontario (RECO).

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