Real estate broker program

The Real Estate Broker Program is for active real estate salespersons who are currently registered with the Real Estate Council of Ontario (RECO) and aspire to continue their education to become a registered real estate broker. The program is offered through Humber Polytechnic.

The program covers key aspects involved in owning, managing, or operating a real estate brokerage, such as:

• Opening a brokerage
• The responsibilities of a broker of record
• The business and administrative aspects involved in running a brokerage
• Examining relevant parts of the legislation from the perspective of a broker and brokerage compliance

Who is eligible for the Real Estate Broker Program?

The Real Estate Broker Program is open to all existing registered real estate salespersons who have completed the Real Estate Salesperson Program (Humber) and/or courses in both real estate law and commercial transactions at the OREA Real Estate College.

What are the components of the Real Estate Broker Program?

The Real Estate Broker Program learning path has three steps and seven components.

Step 1: Qualifying Exam

Successful completion of the Qualifying Exam is a requirement to getting started with the Real Estate Broker Program. The Qualifying Exam is designed to test working knowledge on the key areas involved in the trading of real estate in Ontario and is three hours in duration.

Step 2: eLearning Courses, Interactive Session and Final Exam

Upon completing Step 1, learners are eligible to start Course 1 of the Real Estate Broker Program. This step includes the following components which must be completed sequentially:

• Four eLearning courses:
  • Course 1: Planning and Start-up eLearning
  • Course 2: Business Management – eLearning
  • Course 3: Human Resources – eLearning
  • Course 4: Ongoing Oversight – eLearning
• The wrap-up session
  • Wrap-up Session – Bringing it all Together
• The Invigilated Theory Exam

Upon completing Step 2, learners are eligible to register with RECO as a broker. To register with RECO, an individual must have successfully completed the Real Estate Broker Program and have been employed as a salesperson for at least 24 of the 36 months immediately preceding the date of application.

Find out more about the Real Estate Broker Program Learning Path.

How long does it take to complete the Real Estate Broker Program?

The estimated duration of the Real Estate Broker Program is as follows. Actual course work duration will vary per individual learner.

• Invigilated Qualifying Exam – 3 hours
• Course work (estimated):
  • Planning and Start-Up – 10 hours
  • Business Management – 10 hours
  • Human Resources – 10 hours
  • Ongoing Oversight – 12 hours
• Wrap up – Bringing It All Together – 14 hours over two days, excluding lunch and breaks
• Invigilated Theory Exam – 3 hours

How do I get started with the Real Estate Broker Program?

Learn more about getting started with the Real Estate Broker Program.

How long do I have to complete the Real Estate Broker Program?

Learners have 12 months to complete the Real Estate Broker Program from the date of successful completion of the Broker Qualifying Exam.

What are the costs for the Real Estate Broker Program?

The Real Estate Broker Program follows a “Pay as You Go” structure, meaning you pay for each course in sequential order.

Important note for OREA students

To qualify to enroll in the Real Estate Broker Program, you must have completed courses in both real estate law and commercial transactions.

If you completed the required courses, your OREA student record would reflect passing grades for the following courses:

1. Real Property Law; AND
2. One of the following commercial courses:
   • The Commercial Real Estate Transaction
   • Phase 3 Commercial
   • Phase 3 ICI

If you have not completed the required courses, you must complete the equivalent course requirements through Humber Polytechnic before enrolling in the Real Estate Broker Program:

Should you need to verify your course history, contact OREA at 1-866-411-6732 or www.orea.com.