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Program Overview

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.


Total Program Completion

Please note that counting from the date you gain access to Course 1; learners have a total of 12 months to complete the program.

Prior to registering in any given Course, Exam, or the Wrap-Up Session, learners must successfully complete the corresponding pre-requisite. For example, prior to registering in Course 2, a learner must successfully complete Course 1; and so on.


Course Extensions

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.

If a course cannot be completed by the course's Last Access Date, learners are required to submit a formal extension request that, subject to exceptional circumstances, may or may not be approved. Supporting documentation must be provided when submitting the Course Extension Request Form.

To find the Last Access Date Learners must log into the Learner Portal and access their eLearning Courses.

The First Access Date

  • Learners first gain access to a course on this date.

The Recommended Completion Date

  • In order to stay on track with program progression, this is the date Learners should work towards to complete their course.

The Last Access Date

  • Learners must complete the course by this date.

Once you complete the course, the course materials remain available for 12 months.

If an extension request is not approved, Learners will be required to re-purchase the course.


Program Extensions

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.

While requesting a Program Extension, learners must provide all required documentation listed in the Program Extension Form. Extension applications must be submitted before expiration of a phase or program (but no more than two months prior) and will be evaluated on a case-by-case basis. If an extension request is not approved, learners will be required to re-start for the program.

For extension requests based on an accommodation, please see the Accessibility and Accommodations Policy.

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

  • Exams are only available for registration up to 7 days prior to an exam date
  • All exams are delivered in an online format at a qualified Testing Centre or by a program approved virtual proctoring service
  • Learners must achieve a minimum score of 75
  • Exam questions will be (4) four-option multiple choice with a single correct response

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

Course 1

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

  1. Establishing a Brokerage
  2. Registering the Brokerage
  3. Defining the Roles and Responsibilities in a Typical Brokerage
  4. Identifying Risks, Liabilities, and Insurance Considerations for a Brokerage

PREREQUISITE

  • Broker Qualifying Exam

ESTIMATED eLEARNING DURATION

10 hours

RECOMMENDED WEEKS TO COMPLETE

1 week

COURSE ACCESS TIME FRAME

4 weeks

Course 2

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

  1. Building and Maintaining General Records for a Brokerage
  2. Setting Up and Managing the Accounting System for a Brokerage
  3. Analyzing Financial Statements

PREREQUISITE

  • Course 1: Planning and Start-Up - eLearning

ESTIMATED eLEARNING DURATION

10 hours

RECOMMENDED WEEKS TO COMPLETE

1 week

COURSE ACCESS TIME FRAME

4 weeks

Course 3

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

  1. Establishing Staff Requirements for a Brokerage
  2. Hiring Salespersons, Brokers, and Administrative Staff for a Brokerage
  3. Complying with Employment Standards and Statutory Requirements in a Brokerage
  4. Leading Your Brokerage

PREREQUISITE

  • Course 2: Business Management – eLearning

ESTIMATED eLEARNING DURATION

10 hours

RECOMMENDED WEEKS TO COMPLETE

1 week

COURSE ACCESS TIME FRAME

4 weeks

Course 4

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

  1. Monitoring Trade Processing and Trust Accounts for a Brokerage
  2. Monitoring Remuneration
  3. Monitoring Advertising and Business Promotion of a Brokerage
  4. Ensuring Fair, Open, and Transparent Real Estate Transactions
  5. Monitoring the Business Environment of a Brokerage

PREREQUISITE

  • Course 3: Human Resources - eLearning

ESTIMATED eLEARNING DURATION

12 hours

RECOMMENDED WEEKS TO COMPLETE

1 week

COURSE ACCESS TIME FRAME

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 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

  • Course 4: Ongoing Oversight – eLearning

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

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

  • Exams are only available for registration up to 7 days prior to an exam date
  • All exams are delivered in an online format at a qualified Testing Centre or by a program approved virtual proctoring service
  • Learners must achieve a minimum score of 75
  • Exam questions will be (4) four-option multiple choice with a single correct response

PREREQUISITE

  • Wrap-Up Session – Bringing it all Together

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

How to Register for an Exam

How to purchase and book an exam

Watch the video to learn how to register for an exam  

 

Steps To Purchase And Book An Exam

*  You must complete Steps 1 and 2 in order to secure a seat for your exam.

 

Step 1: Purchase an Exam

  1. Click on Search.
  2. In the results returned, find a Date where your preferred Exam Centre location is available.
  3. Click on Purchase an exam for this date and complete the purchase.

Step 2: Book an Exam

Get Further Detailed Instructions  

  1. Once purchase of the exam is completed, click on Learner Portal in the main navigation.
  2. Click on My Exams.
  3. Click on Select an Exam Centre.
  4. Choose an Exam Centre from the dropdown list.
  5. Click Next.
  6. Select the Date of the exam section.
  7. Select a Timeslot.
  8. Click on Book Timeslot.

 

How Do I Confirm My Exam is Booked

To confirm an exam booking, log into the Learner Portal and select My Exams. You will be able to verify your exam date and time, and the location of the booking.

 

I am Unable to Book An Exam. The System Keeps Giving Me a Validation Error Message. What Do I Do

An error message may appear for the following reasons:

  • Learner has not successfully completed the prerequisite course prior to an exam booking. To ensure you have completed the course, log into the Learner Portal, go to My Enrollment History to view course status.
  • There are pending purchases in your shopping cart. To rectify this, log into the Learner Portal to clear any pending purchases. Once the cart is clear, you can proceed with an exam purchase.

 

How to Register for a Course

Watch the video to learn how to register for a course

Watch the video to learn how to register for a course  

 

How Do I Access Courses Once it is Completed

To access completed courses, log into the Learner Portal and select My Enrollment History. There will be two tabs: Enrolled and Completed. Select the Completed tab to access the courses.

<See: How to Access Completed Courses>

 

I Am Unable to Register for a Course/I Keep Receiving An Error Message Info

An error message may appear for the following reasons:

  • Learner does not have an Approved Application. To check the status of your application, log into the Learner Portal, go to My Applications to view standing.
  • Learner has not successfully completed/pass the prerequisite examination to be eligible to register for the subsequent course. To ensure you meet the prerequisite for course registration, log into the Learner Portal, go to My Enrollment History to view exam status.

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