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.
Designed with the help of experienced real estate professionals, the Real Estate Broker Program helps learners take the next step in their real estate careers. Courses in the program cover intricacies involved in starting, operating, and managing a brokerage. The Wrap-Up Session provides learners with an opportunity to work with peers as expert real estate brokers coach them through true to life scenarios designed to help practice broker activities.
Register for the Broker Qualifying Exam to get started with the Real Estate Broker Program.
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.
Please note that counting from the date you gain access to Course 1; learners have a total of 12 months to complete the program.
If you do not complete any given course within the allotted maximum access time, you are required to submit a formal extension request that, subject to the exceptional circumstances of your case, may or may not be approved.
An extension may be requested by a learner who is at risk of not completing the Real Estate Broker Program within the allowable timeframe (12 months). Extension requests are only approved based on medical, psychological or compassionate grounds.
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
KNOWLEDGE AREAS COVERED IN THE BROKER QUALIFYING EXAM
IMPORTANT INFORMATION ON SCHEDULING
We monitor learner demand daily and add seats in keeping with resource and timeline considerations. Scheduling decisions involve, for example, advanced planning for proctors to monitor exams. A gentle reminder that once sections 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 exams will open continuously, 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 Examination Policy and the Fees, Payments & Refunds Policy.
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 Learning Path for more information about program progression.
DELIVERY METHOD
Exam - Online
DURATION
3 hours
FEE
$110
Planning and Start-Up - eLearning
OVERVIEW
This course will help learners 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, the potential brokerage organizational structures, and the individual roles within the brokerage. Finally, the course will outline how to identify and manage potential risks.
MODULES
PREREQUISITE
DELIVERY METHOD
eLearning
FEE
$250
ESTIMATED eLEARNING DURATION
10 hours
RECOMMENDED WEEKS TO COMPLETE
1 week
COURSE ACCESS TIME FRAME
4 weeks
Business Management - eLearning
OVERVIEW
This course details the responsibilities of a broker of record with regards to business management for a real estate brokerage. The course will focus on topics including building and maintaining general records, setting up and managing an accounting system, and analyzing financial statements.
MODULES
PREREQUISITE
DELIVERY METHOD
eLearning
FEE
$250
ESTIMATED eLEARNING DURATION
10 hours
RECOMMENDED WEEKS TO COMPLETE
1 week
COURSE ACCESS TIME FRAME
4 weeks
Human Resource - eLearning
OVERVIEW
This course explores the role of the broker of record in establishing staff requirements and includes a high-level overview of the recruiting process. The course also explains the importance of complying with employment standards and statutory requirements, identifying health and safety issues, and the creation of a brokerage’s policies and procedures manual.
MODULES
PREREQUISITE
DELIVERY METHOD
eLearning
FEE
$250
ESTIMATED eLEARNING DURATION
10 hours
RECOMMENDED WEEKS TO COMPLETE
1 week
COURSE ACCESS TIME FRAME
4 weeks
Ongoing Oversight - eLearning
OVERVIEW
This course examines a brokerage’s compliance with the Real Estate and Business Brokers Act (REBBA) and other legislation with regards to trade processing, policies and procedures and the establishment, maintenance and monitoring of real estate trust accounts The course examines the specifics of monitoring remuneration, commission agreements, advertising and business promotion in compliance with REBBA and other legislation. It discusses the importance of ensuring fair, open, and transparent real estate transactions. Finally, the course examines how to monitor the business environment and develop a business plan for strategic growth.
MODULES
PREREQUISITE
DELIVERY METHOD
eLearning
FEE
$250
ESTIMATED eLEARNING DURATION
12 hours
RECOMMENDED WEEKS TO COMPLETE
1 week
COURSE ACCESS TIME FRAME
4 weeks
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 Real Estate and Business Brokers Act (REBBA) and other legislative requirements and obligations. The session will be led by a real estate broker with experience acting as a broker of record in a brokerage. 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 REBBA and other legislative requirements and obligations.
PREREQUISITE
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 Simulation Session Policy and the 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.
DURATION
14 hours
OVERVIEW
This will be a three-hour in-person invigilated theory exam based on eLearning content from Course 1 through Course 4.
EXAM DETAILS
PREREQUISITE
IMPORTANT INFORMATION ON SCHEDULING
We monitor learner demand daily and add seats in keeping with resource and timeline considerations. Scheduling decisions involve, for example, advanced planning for proctors to monitor exams. A gentle reminder that once sections 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 exams will open continuously, 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 Examination Policy and the Fees, Payments & Refunds Policy.
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 Learning Path for more information about program progression.
DELIVERY METHOD
Exam - Online
DURATION
3 hours
FEE
$110