Tag Archives: organized real estate

“Organized real estate” vs “non-Organized real estate”: Comparing the costs to maintain an Ontario real estate license

In order to maintain your Ontario real estate license you must:

  1. Maintain your registration with RECO (which has its mandatory fees); and
  2. Stay “employed” with an Ontario Real Estate Broker (which has its own set of fees)

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What is “organized real estate” and why you would consider becoming a voluntary member

In a previous post I discussed “The acronyms” of “organized real estate“. The purpose of that post was twofold:

1. to explain what is meant by the phrase “organized real estate”; and

2. to emphasize that one can be licensed as either a “sales person” or “broker” under the Ontario Real Estate and Business Brokers Act” (“REBBA”) and NOT be a member of “organized real estate”.

Who you are (a licensed broker under “REBBA”) is different from the organizations to which you may belong (“CREA”, “OREA”, “TREB”, etc.). As you consider how to best build your real estate career, you will certainly consider which of the many associations of “organized real estate” to which you wish to belong.
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Keep you Ontario real estate license – park your license with an Ontario real estate broker

Updated August 2017 with this piece of “real estate career advice“:

As the post referenced in the above tweet suggests, those intending to earn an Ontario real estate license should do so BEFORE the new Ontario real estate licensing process takes effect!

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The rules governing your registration as an Ontario real estate salesperson or Ontario real estate broker are found in two sources:

A. The Ontario Real Estate and Business Brokers Act (REBBA) ; and

B. The regulations made pursuant to the Real Estate and Business Brokers Act (REBBA).

Those who are seeking to become or maintain their license as a salesperson or broker should read the statute and the rules. In addition, you must understand the REBBA code of ethics (they are the source of many OREA exam questions).

Your Ontario real estate is  valuable. You worked hard to get it. You have worked hard to provide value to your real estate clients. It has been the key to your real estate career. It takes money and time (in the form of continuing education) to maintain it. In order to maintain your registration with RECO you must:

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