In December of 2014
What follows is an email that I received this morning. The above tweet references the following information. In summary:
1. It appears that the content – in terms of the required courses – of the existing licensing process will continue until 2019.
2. People will have now have to complete ALL five of the required courses before starting the articling process. The one elective will be taken during the articling process. This will take effect on April 1, 2016. Therefore …
3. Although not explicitly stated, it appears that OREA will cease (possibly completely) to be the sole course provider for RECO Ontario Real Estate exams.
It is very clear that starting in 2019 it is becoming to become much more difficult to achieve either a Broker’s license or a license to see real estate in Ontario.
So, if you are considering a career in real estate, you should get moving!!What follows is the information received …
Important changes are coming to pre-registration education that will boost the knowledge of new entrants to the profession.
>RECO is making these changes with support from OREA, the current education provider.
Beginning April 1, 2016, aspiring registrants will have to complete five courses before they can register to trade in real estate, instead of three. The two additional courses, including property law, were previously articling requirements. Including them in the pre-registration phase will help aspiring registrants hit the ground running when they enter the profession.
The change will apply to those who enroll in the pre-registration program beginning April 1. Those who enroll before that date will be subject to the current three course requirement.
“Real estate is a demanding profession, so aspiring registrants and their clients will benefit from additional education before they start trading,” says RECO Registrar Joseph Richer. “We’re pleased to have worked with OREA to make this happen.”
“Improving education standards will help ensure that the salespersons of tomorrow are even more knowledgeable and capable right from the start,” says OREA CEO Ed Barisa. “As the long-standing RECO-designated provider of real estate education in Ontario, we look forward to implementing this change. And, as always, we will continue to work to improve the student experience at the OREA Real Estate College.”
Development of new registration education program ongoing
Effective April 1/16: @RECOHelps announces changes to Real Estate Licensing Process
In addition, RECO and OREA have extended their education contract until December 31, 2020.RECO has been engaging in a thorough review of registration education, and will launch a new program in 2019. The extension of the contract with OREA will allow for an 18-month transition period between the current and new programs.
Richer says: “During our comprehensive review of the current program, we heard time and again that new registrants needed to be more practice ready when they enter the profession. We worked with OREA to see what could be done now to move us closer to that objective, as we work to renovate the program for the long term.
“The best solution was for the courses to be moved from the articling phase to the pre-registration phase. Extending the contract with OREA gave us the opportunity to make this much-needed change right away and provide us the time to build the new structure. This was an important first step in the move to the new registration education program.”
You can learn more about the work on the new program here.
More info about additional courses
The Residential Real Estate Transaction and The Commercial Real Estate Transaction
Aspiring registrants will also now be required to take both the commercial and residential courses prior to becoming registered. Previously, they would take one before registration and the other during the articling phase. Our consultative review of the program showed wide-spread support for this change, ensuring that new registrants have understanding of both commercial and residential right from the start.
Real Property Law
The existing registration courses cover real estate law, while Real Property Law reinforces and expands on the concepts that students have learned.
New learning path
OREA has produced a learning path that illustrates the revised requirements.Chart of the course changes
Enrolled before April 1/16
Enrolled on or after April 1/16
Pre-registration – three courses:
- Real Estate as a Professional Career
- Land, Structures and Real Estate Trading
- The Real Estate Transaction – General + The Residential Real Estate Transaction or The Commercial Real Estate Transaction
Pre-registration – five courses:
- Real Estate as a Professional Career
- Land, Structures and Real Estate Trading
- The Real Estate Transaction – General + The Residential Real Estate Transaction
- The Commercial Real Estate Transaction
- Real Property Law
Articling – three courses:
- The Residential Real Estate Transaction or The Commercial Real Estate Transaction (whichever they did not complete in pre-registration)
- Real Property Law
- One elective
Articling – one course:
- One elective
For more information about pre-registration education, visit the Ontario Real Estate College website.
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Ontario Real Estate Preparation Course - Independent Tutoring for OREA Exams - Real Estate Math - Toronto, Canada 