The OREA Commercial Exam is love by few and despised by many. The Exam focuses on the standard “Commercial Lease”. “Commercial Leases” are in a “business context”. Business analysis is largely about math and numbers.
Therefore the OREA Commercial Real Estate Exam is about math and numbers. The exam is what I would call:
“A mile wide and an inch deep.”
The exam tests the “wide” application of a number of simple principles.
That said, you must:
- Understand what those principles are;
- Be able to apply those principles (yes math)
in the context of the questions.
In celebration of this reality we are offering the:
Ontario Commercial Real Estate Exam Preparation Workshop (OREA Commercial Exam)
When: Sunday November 8, 2015 – 1:00 p.m. – 5:00 p.m.
Where: University of Toronto Downtown – Room TBA
Who: John Richardson, Ontario lawyer and real estate broker
Investment: $95 (HST and materials included)
Register – contact form:
As real estate prices continue to increase, man are asking the question whether it is better to rent or to own. Obviously, there are a number of intangible factors that are important. The tangible factors are of course money and the economics of investment. The economics of investment are influenced by taxation. As real estate professionals you are called upon to advise your clients. Interestingly one of he most important questions is to know whether your client is a U.S. citizen (triggered by having a U.S. birthplace). The reason is:
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.