Real estate is a regulated profession in Ontario, so all salespersons must be registered with the Real Estate Council of Ontario (RECO). The Real Estate Salesperson Program, delivered by Humber College, is your first step towards becoming a real estate professional in Ontario. Then, the second step is to register with RECO through a real estate brokerage like us!
The Real Estate Salesperson Program has been designed for your success. You can apply and start your coursework at any point during the year, without the commitment of a full-time, semester-based program. The program comprises of 5 courses, 4 exams and 2 simulation sessions. You will have a maximum of 24 months to complete the program.
Upon completing Step 1, you are now eligible to register with RECO. You have one year to complete your registration from the time you complete pre-registration. You can start trading in real estate once you are registered with RECO.
To be a real estate agent you should be skilled in communication, problem-solving, organization, conflict resolution and time management. Sales experience is not required to become a real estate agent but it can be extremely beneficial to your business. Having 1-3 years of experience in sales prior to becoming a real estate agent will only help you in your career.
A C21 REALTOR® is a respected, licensed professional who provides clients with valuable advice and guidance in the often complex process of buying or selling a home or property. A REALTOR® plays a very important role in the real estate transaction process. Responsibilities may include showcasing homes, offering expertise in home selection and local market knowledge, negotiating with buyers and sellers, and guiding the transaction. In addition, C21 sales professionals provide ongoing guidance and support to homeowners.
In order to be successful as a real estate agent, you must put in the hard work and dedication to your business. Successful real estate agents are great at marketing themselves, making their properties attractive to buyers and quickly drawing up offers for buyers.
As with any career, you usually get out of it what you put in. Real estate sales are no different, although you should expect that it will take at least a couple of months for you to become completely familiar with your new environment and establish a routine that works best for you. C21 has many tools to assist with your start-up, including the award-winning CREATE21® online training program. This program will help fast-track you to a successful real estate sales career. In addition, you will have a certified C21 concierge who will provide one-on-one training and in-office education for REALTORS®.
A day in the life of a real estate agent begins with checking and replying to emails, voicemails and other messages for appointment confirmations or updates. After verifying their appointments, they can rearrange their schedule to accommodate updates and plan out their routes to meet with clients or show properties. Real estate agents might prepare the necessary paperwork for their day, such as marketing materials, property reports or property purchase agreements. Around the afternoon, when clients have lunch breaks or free time, real estate agents might have several properties to show them to meet their needs.
Real estate agents allow enough time for their appointments to see potential property options and discuss the sale process. They can advise their clients on available lending or brokerage services to help them negotiate a mutually beneficial deal. In the evenings, after completing their appointments, a real estate agent might create summary or market reports to follow up with clients and inform them of property updates. They may also allow time to check recent property sales, or listings to gain an understanding of market trends and update their industry knowledge.
Agents have flexible schedules that are shaped around the needs of their clients. They spend time working in the mornings and often in the evenings and weekends. While agents may work part-time or full-time, the
Before you register with RECO, you’ll need to obtain employment from a registered real estate brokerage, as well as a Canada-wide criminal record check. You can then submit an Application for New Salesperson along with the $590 registration fee. Once RECO has reviewed your application they will invoice you for your professional liability insurance. Insurance for the full year of the policy period running January 1st to December 31st costs $465. However, as a new registrant, the amount you will need to pay will vary, depending on how many days are left in the insurance policy period.
All real estate salespersons and brokers in Ontario must participate in the professional liability insurance program administered by RECO. RECO’s insurance program provides essential protection for you and your clients and customers through its errors and omissions insurance, consumer deposit insurance, and commission protection insurance. You can learn more about the insurance program on RECO’s website.
The main benefits of being a real estate agent involve the flexibility you can have with your schedule and workload. Real estate agents can manage how many clients they represent and when they make appointments for property showings and negotiation. A real estate agent can also conduct independent work or consulting services, which allow them to manage themselves. As a real estate agent, you can even choose to specialize in different property types, such as commercial, industrial or residential.Pros to being a real estate agent: You can choose your own flexible schedule, you get to help others find homes, you have the ability to earn unlimited income. Cons: Your hours may be dictated by client needs, the closing period can be stressful for your buyers and sellers, you do not have a safety net if the market slows down.
No. Real estate agents get paid commission, meaning they will get paid any time they help a client buy or sell property rather than earning a weekly paycheck. Real estate agents make an average of $5,980 per month according to reported pay by Indeed users.