A bit of advice: If you want to become either a real estate sales agent or a real estate broker in Ontario you should earn these licenses NOW!! The rules are changing and I don’t think it is going to get easier.
I received the following email from RECO on December 15, 2014
Next Math Prep Workshop for both the OREA Admissions Test and OREA Course 1 (Real Estate as a Professional Career)
When: Saturday September 16/17 – 9:00 a.m. – 1:00 p.m.
Where: University of Toronto – St. Michael’s College – Carr Hall – 100 St. Joseph St.
Who: John Richardson – Ontario Real Estate Broker, Lawyer (Member of the Ontario Bar) and exam prep instructor
Fee: $95 – HST and materials included payable in cash only at the door
Registration is available by email or through Eventbrite.
BONUS!!! Take Chilla Riddle’s “Real Estate As A Career” course on Saturday afternoon September 16 for the discounted fee of $50.
Reading and understanding the post referenced in the above tweet will help you understand your OREA Course 3 Commercial Real Estate.
If you are in course 1 and want reinforcement with Chapter 8 (Mathematics of Mortgages) then this workshop is for you. Mortgages are an important part of the OREA program. It is tested specifically in course 1. Many of you will also take the Mortgages elective during your articling period.
Many people have trouble with the concepts related to mortgage math. This workshop is designed to give you the understanding and confidence that you need both to pass the OREA exam and to work with your clients.
What: Course 1 – Mortgage Math Seminar
Who: John Richardson: Test prep teacher, lawyer and broker
When: Sunday November 25, 2012 – 2:00 p.m. – 6:00 p.m.
Where: University of Toronto – St. Michael’s College – Carr Hall – 100 St. Joseph St. – Room TBA
Course fee: $95 payable at the door
Email: firstname.lastname@example.org (Include: name, address, phone number, and exam date)
Note: Those who are interested in the more basic and general principles of real estate math (most of real estate math is based on the various applications of percentages) you should consider our general OREA Course 1 and OREA admissions test course.)
Please remember: This course is NOT affiliated or connected with OREA in any way. It is a private and independent tutorial designed to help you pass your exams. You must register for all exams through OREA!
I had a call yesterday from somebody yesterday who was experiencing difficulties with OREA Course 3 – The Commercial Real Estate Transaction.
What was interesting about the call was that the person was asking for help with the “Real Estate Math” aspects of the course. After a brief conversation, I realized that the problem was NOT the math at all. The problem was the person did not understand the concepts being taught.
Now, that’s interesting. How does one help somebody in that situation? Teach the concept, teach the math or teach both the concept and the real estate math. The initial response would be to teach the concept first. That makes sense. But, it is also true that:
By teaching the math you are also teaching the concept!
So, the answer is to teach both. But, the truly important point to remember is that by learning the math you can also learn the concept. This is one more reason why Real Estate math is so important.
Tutoring For Orea Course 3 – The Commercial Real Estate Transaction
We have please to offer a case study based OREA Commercial Real Estate Tutorial in Toronto. As you might expect, it is heavily based on reinforcement and application of the appropriate Real Estate math skills.
In my last Real Estate Math class, someone introduced the question of course format. Most OREA courses can be taken in any of the three formats: Live classroom, Online (E-learning) or correspondence. What follows is nothing but my personal opinion (which means you should ignore it if you don’t like it), but …
Your goal is to complete this licensing process as quickly and as easily as you can. I have had the experience of both live classroom and E-learning (online). I have no experience with the correspondence courses. Here is my opinion:
To the extent that you are able, I advise you to take the courses by E-learning and NOT by classroom. My reason is:
If you take the courses by E-learning you will find a strong correlation between the material and the exam questions. That is a good thing.
If you take the courses in the live classroom setting, you will NOT find as strong of a correlation between the content of the class and the exam questions.
Remember that the OREA exams are multiple choice.
Therefore, I advise you to opt for E-learning. To be honest, it is doesn’t require any more discipline. Try getting up early to get to classes through Toronto traffic!
Again, just my opinion. But, I have given my reasons.