New Ontario Real Estate Licensing fees from @RECOHelps – Effective January 1, 2017

Ontario Real Estate Agent Fee Changes and New Fees https://t.co/efoP8FHfC0 @RECOHelps explains the new fees effective January 1, 2017

— Real Estate Prep (@RealEstatePREP) August 2, 2017

The cost of becoming an Ontario real estate agent or broker and the cost of remaining an Ontario real estate agent or broker

The real estate industry in Ontario (and every where else) is a “licensed profession”. There are costs to becoming a licensed real estate agent. There are costs to maintaining your real estate license. That said, the costs are far less than the costs associated with other professions.

The licensing costs are subject to change. Effective January 1, 2017 the “Real Estate Council of Ontario” (“RECO”) has increased the “licensing fees”.

RECO’s announcement is here and a chart of the new fees is here.

Notice-of-Fee-Changes-and-New-Fees3

Taking a break from Real Estate? Don’t let your license lapse! Keep your license active!

You worked hard to earn your license. If you take a break from your real estate career you should keep your license active.

Here is how to both:

1. Take a break from real estate; and
2. Keep your Ontario Real Estate License active.