RealEstatePrep is an independent tutoring and real estate exam prep service with no affiliation or connection with the Ontario Real Estate Association and OREA or the Real Estate Council of Ontario and RECO
You have just taken your first step towards a rewarding career in real estate. The real estate industry and profession in Ontario (and other jurisdictions) is heavily regulated. You can achieve your license to sell real estate in as little as four months.
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.
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.
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. Continue reading →