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.
Developed by RECO, the program covers the key aspects of starting, operating, and managing a brokerage in Ontario. The Wrap-Up Session provides learners with an opportunity to work with peers as experienced real estate brokers coach them through true-to-life scenarios designed to help practice broker-related activities.
Register for the Broker Qualifying Exam to get started with the Real Estate Broker Program. You will have a maximum of 12 months from the date you successfully completed your broker qualifying exam to complete the Real Estate Broker Program. This includes a maximum of 4 weeks access per course. All courses and exams must be completed sequentially as listed below.
Note: If you are not a registered real estate salesperson in Ontario and are interested in starting a career in real estate, you must first complete the Real Estate Salesperson Program.
Successful completion of the Real Estate Broker Program is one of the requirements to register with RECO as a real estate broker. Visit the RECO website for more information about all requirements.
Humber Real Estate Education: Offering RECO-approved education for aspiring real estate professionals.
START IN OCTOBER.
Course Registration
Broker Qualifying Exam
Overview
The Broker Qualifying Exam is a requirement to getting started with the Real Estate Broker Program. Designed to test working knowledge on the key areas involved in the trading of real estate in Ontario and is three hours in duration.
Exam Details
Step 1 – Register for the exam with Humber. This step will add your exam eligibility to the Meazure Learning platform.
Step 2 – Schedule and pay for your exam with Meazure Learning. Login to the learner portal and select the exam in My Enrollment History to access the link to Meazure Learning. Use your Humber credentials to login to the Meazure platform to schedule and pay for your exam.
Step 3 – Receive an email from Meazure Learning. Follow the instructions sent to you by Meazure Learning to complete your exam.
All examination protocols and policies are listed in the Learner Examination Handbook. All learners should review the handbook before each exam.
- Contact Meazure Learning directly for exam support. Details in the Handbook.
FAQ
Registration
Delivery Method
Exam - Online (Proctored Virtually or In-person)
Fee
$120 - Payable to Meazure Learning
Duration
3 hours
Course 1: Planning and Start-Up - eLearning
Overview
Acquiring a broker registration will allow you to transition to the role of a broker of record. In a management role, you will need to ensure that brokerage operations and processes adhere to the Trust in Real Estate Services Act, 2002 (TRESA) as well as all other applicable legislative and regulatory requirements and obligations, thereby enhancing consumer protection.
This course will help you identify key considerations for opening a new brokerage or acquiring an existing one, the possible types of ownership, the process for registering a brokerage with RECO, potential brokerage organizational structures, and the individual roles within the brokerage. Finally, the course will discuss how to identify and manage potential risks.
Modules
- Establishing a Brokerage
- Registering the Brokerage
- Defining the Roles and Responsibilities in a Brokerage
- Identifying Risks, Liabilities, and Insurance Considerations for a Brokerage
Prerequisite
- Broker Qualifying Exam
Registration
Delivery Method
eLearning
Fee
$295
Estimated eLearning Duration
10 hours
Recommended Weeks to Complete
1 week
Course Access
4 weeks
Course 2: Business Management - eLearning
Overview
This course details the responsibilities of a broker of record regarding business management for a real estate brokerage, with a focus on topics such as collecting and maintaining business records, setting up and managing a compliant brokerage accounting system, and analyzing financial statements.
Modules
- Building and Maintaining Operational Records for a Brokerage
- Setting Up and Managing the Accounting System for a Brokerage
- Analyzing Financial Statements
Prerequisite
- Course 1: Planning and Start-Up - eLearning
Registration
Delivery Method
eLearning
Fee
$295
Estimated eLearning Duration
10 hours
Recommended Weeks to Complete
1 week
Course Access
4 weeks
Course 3: Human Resource - eLearning
Overview
This course explores the role of the broker of record in hiring staff (both sales staff and administrative staff), which includes determining staffing requirements, creating job descriptions, understanding employment statuses, and establishing performance standards. Elements of the recruiting process are discussed at a high level, which includes creating job descriptions, prospecting, sourcing, posting for the position, interviewing candidates, selecting and extending job offers, and orientation of new staff members. The course also explains the importance of complying with employment standards and statutory requirements, identifies health and safety issues, and discusses the creation of a brokerage’s policies and procedures manual.
Modules
- Establishing Staff Requirements for a Brokerage
- Hiring Salespersons, Brokers, and Administrative Staff for a Brokerage
- Complying with Employment Standards and Statutory Requirements in a Brokerage
- Leading Your Brokerage
Prerequisite
- Course 2: Business Management – eLearning
Registration
Delivery Method
eLearning
Fee
$295
Estimated eLearning Duration
10 hours
Recommended Weeks to Complete
1 week
Course Access
4 weeks
Course 4: Ongoing Oversight - eLearning
Overview
This course begins by examining relevant parts of TRESA pertaining to prohibitions, registration, complaints, inspections, discipline, conduct, and offenses. It examines a brokerage’s FINTRAC compliance requirements and how to establish and manage a real estate trust account in compliance with TRESA and other legislation. The course covers remuneration, including related provisions. It explores advertising and business promotion. It discusses fair, open, and transparent real estate transactions by identifying high-risk activities and common issues. It also discusses the Professional Liability Insurance Program administered by RECO. Lastly, it examines monitoring the business environment and developing a business plan for strategy or growth.
Modules
- Monitoring Trade Processing and Trust Accounts for a Brokerage
- Monitoring Remuneration
- Monitoring Advertising and Business Promotion of a Brokerage
- Ensuring Compliant Real Estate Transactions
- Monitoring the Business Environment of a Brokerage
Prerequisite
- Course 3: Human Resources - eLearning
Registration
Delivery Method
eLearning
Fee
$295
Estimated eLearning Duration
12 hours
Recommended Weeks to Complete
1 week
Course Access
4 weeks
Wrap-Up - Bringing It All Together: Online
Overview
In this session, learners will take on the role of a broker of record for a fictitious brokerage. Learners will spend two days practicing core activities and tasks related to compliance with the Trust in Real Estate Services Act, 2002 (TRESA) and other legislative requirements and obligations. The experience will enable learners to consolidate and apply the knowledge and skills gained from the eLearning portion of The Real Estate Broker Program. It is designed to help learners develop confidence and accelerate their journey to establish or take over a brokerage, manage risks on an ongoing basis, and ensure alignment with TRESA and other legislative requirements and obligations.
Prerequisite
- Course 4: Ongoing Oversight – eLearning
Attendance
Facilitated sessions are mandatory, and learners are expected to attend on all days and to arrive on time. Attendance that falls below 80% will result in a failing grade of incomplete and require you to re-book the entire facilitated session and pay the corresponding fees. For more details about attendance requirements, learners can refer to the Facilitated Session Policy and Fees, Payments & Refunds Policy.
Learner Resources
To help you prepare for the Broker Wrap Up Session, you must read the Learner Resources — Broker Wrap-Up before attending the first day of session.
Important Information on Scheduling
We monitor learner demand daily and add sessions in keeping with resource and timeline considerations. Scheduling decisions involve, for example, the advanced planning for the real estate professionals who have been carefully selected as your facilitators. In addition, the complexity around the variability of learner progression means that you may need to wait for a Wrap-Up Session. A gentle reminder that once sections and waitlist(s) are full, they do not appear on the registration system.
In keeping with the process described above, it is important to note that new sections for Wrap-Up Sessions will open on a continuous basis, always complying with resource and timeline considerations. If learners notice a new section has opened, they may opt to transfer from an existing section registration to a newly opened section. However, please note that a $50 administration fee does apply to all transfers. For more information please visit the Facilitated Session Policy and Fees, Payments & Refunds Policy.
Please also note that the program pre-requisite structure adheres to the requirements indicated by our regulatory body, and it is Humber’s responsibility to ensure compliance. Prior to registering in any given Course, Exam, or Wrap-Up Session, learners must successfully complete the corresponding pre-requisite. For example, before registering in Course 2, a learner must pass Course 1; and so on.
We hope that the above scheduling insights will help build understanding that there may be ‘buffer’ time required between program elements while keeping in mind the pre-requisite structure. Please see the Real Estate Broker Program Learning Path for more information about program progression.
Broker Final Exam
Overview
This will be a three-hour in-person invigilated theory exam based on eLearning content from Course 1 through Course 4.
Exam Details
Step 1 – Register for the exam with Humber. This step will add your exam eligibility to the Meazure Learning platform.
Step 2 – Schedule and pay for your exam with Meazure Learning. Login to the learner portal and select the exam in My Enrollment History to access the link to Meazure Learning. Use your Humber credentials to login to the Meazure platform to schedule and pay for your exam.
Step 3 – Receive an email from Meazure Learning. Follow the instructions sent to you by Meazure Learning to complete your exam.
All examination protocols and policies are listed in the Learner Examination Handbook. All learners should review the handbook before each exam.
- Contact Meazure Learning directly for exam support. Details in the Handbook.
Prerequisite
- Wrap-Up Session – Bringing It all Together
Registration
Delivery Method
Exam - Online (Proctored Virtually or In-person)
Fee
$120 - Payable to Meazure Learning
Duration
3 hours
Request a Continuation of Study
Learners are responsible for planning their time and completing all program requirements within a specific timeframe. See the Program Deadlines section of the Registration Policy for more details. Learners that do not complete their program by the defined program time frame must start over, or alternatively, can review the options available on the Request a Continuation of Study page.
Humber is an approved education provider of Real Estate Council of Ontario (RECO).