Advice: The Pre-Registration stage – Should your third course be residential real estate or commercial real estate?

Last night I was teaching my Real Estate Math course. Most of the attendees were getting ready to take the OREA Admissions Test.  It was an enthusiastic group and we were discussing  how to become a licensed sales agent in Ontario pursuant to the terms of the Ontario Real Estate and Business Brokers Act. As you know, you must pass a total of six exams – three in the pre-registration stage and three in the two year articling period.

Some courses are required and some courses are some are optional. For example, in the pre-registration stage, you can choose your third course. You may choose to take either Residential Real Estate or Commercial Real Estate. The course that you do NOT take during the pre-registration stage must be taken during the articling period.

So, the question becomes: should you take Residential or should you take Commercial as your third course in the pre-registration stage? Although there is no correct answer, I would take Commercial in the pre-registration stage and Residential during the articling stage.Why?  The Residential course consists largely of understanding and drafting agreements of purchase and sale (including conditions) for various types (single family, condominium, co-operative) of residential real estate. This is something that you will get plenty of exposure to during your articling phase. Therefore, your articling period will actually help you learn your Residential Real Estate Course.

You are less likely, during your articling period, to be exposed to the concepts taught in the Commercial Real Estate Course.

Therefore, my advice for choosing your third course in the pre-registration stage:

Take Commercial in the pre-registration stage and Residential in the articling stage.

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