Real Estate Tutoring Blog » phase 3 http://blog.studyreal.com Get your real estate license within 4 months Sat, 07 Nov 2009 04:12:07 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 Where and When Are The OREA Licensing Costs Incurred? http://blog.studyreal.com/index.php/2009/03/where-and-when-are-the-orea-licensing-costs-incurred/ http://blog.studyreal.com/index.php/2009/03/where-and-when-are-the-orea-licensing-costs-incurred/#comments Wed, 18 Mar 2009 00:56:25 +0000 admin http://blog.studyreal.com/?p=17 orea-feesInitial Costs…Ontario Real Estate Courses Fees

Phase 1 (From Start/Finish/Write your Exam, and receive your percentage marks…it will take you about 4 weeks total in all. One month of that is correspondence.)

$ 390.00

Phase 2 (From Start/Finish/Write your Exam, and receive your mark…it will take you about 6 weeks total in all)

$ 420.00

Phase 3 (Residential or Commercial (From Start/Finish/Write your Exam, and receive your mark…it will take you about 8 weeks total in all)

$ 620.00 each Residential or Commercial

***These three courses take approx. 3-4 months from start to completion

Courses Sub Total $ 1,430.00

Then…Real Estate Council of Ontario Fees

Submit with application to RECO for License

$ 250.00

The real estate council will review financial and criminal past history to be sure there is no reason to doubt the character of the individual applying for membership. Also, if the individual is employed in any other business activity where there could be a conflict of interest with their sales activities and that of the employer. The council will require the employer to give a letter of permission.

Upon acceptance by RECO, a pro-rated Errors & Omissions Insurance will be invoiced to you when you join.

$ 182.19

*** From applying to receiving your license, count on 2-3 weeks.

RECO License Sub Total $ 432.1

Lastly…Entrance/Initiation Fees & Dues

After receiving your License

When joining the Toronto Real Estate Board – TREB Entrance Fee

$ 460.00

Toronto Real Estate Board Dues

$616.80

Ontario Real Estate Association Initiation Fee (One time fee)

$ 200.00

Ontario Real Estate Association Dues (Pro-rated)

$110.00

Canadian Real Estate Association Initiation Fee (One time fee)

$ 200.00

Canadian Real Estate Association Dues (Pro-rated)

$ 110.00

*** THESE COSTS ALL TAKE PLACE IN ONE DAY!

Fees & Dues Sub Total $ 1,696.80

Grand Total of ALL above costs to become a realtor $ 3,558.99

(plus taxes) Note: Above costs are provided for general information purposes only, can change at anytime and are not controllable by Exit Realty Advisors.
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