Real Estate Salesperson vs. Mortgage Agent

Getting your real estate license vs. mortgage agent license

So you want to be a Real Estate Salesperson, eh?

Real Estate Investment:  $7,745   VS.  Mortgage Broker/Agent Investment: $1,600

Real estate sales can be a fantastically rewarding career…but you need to go in with your eyes wide open!  Like most things in life, successful people make it look easy. But what you see are the results of their efforts, and their money. They’ve had to overcome fierce competition: there are over 100,000 Real Estate Salespeople with their real estate license (registration in Ontario) in Canada or nearly 1 for every 266 adult Canadians.

And they’ve had to invest in their career. Unlike other real estate careers, such as mortgage brokering, real estate can be expensive. It will cost a new Real Estate Salesperson over $7,500 in the process of becoming licensed (registered in Ontario), compared to just over $1,600 for a mortgage broker.

That just gets you in the door.  Now you have to pay for marketing, your car, and all of the other costs that will run up your line of credit until you start making some money.

And once you start earning you’ll likely be sharing that commission with your brokerage (and CRA, of course).  But, having said all that, it’s a fabulous career if you’ve got the time and money it takes to make it.  So here’s a breakdown of the time and the money you’ll have to invest to become a licensed Real Estate Salesperson (registered Real Estate Salesperson in Ontario).

What does it take to become a registered Real Estate Salesperson in Ontario

Total Investment: $7,745 (plus brokerage charges, desk fees, advertising, franchise fees, etc)

Time: The licensing process takes from 3 to 4.5 years to complete

Educational Prerequisites

To qualify for admission into the Real Estate Salesperson Program, an applicant must hold a Canadian secondary school diploma or GED certificate, or an acceptable equivalent credential.

Applicants that do not have a Canadian secondary school diploma or GED Certificate may provide acceptable equivalency credentials.

The Salesperson Registration Education Program

Pre-Registration Phase

Investment: $3,590

Time: Up to 24 months

Course 1: Real Estate Essentials – eLearning    $525.00

Exam 1: Invigilated Theory Exam    $100.00

Course 2: Residential Real Estate Transactions – eLearning     $595.00

Exam 2: Invigilated Theory Exam    $100.00

Course 3: Additional Residential Real Estate Transactions – eLearning          $315.00

Exam 3: Invigilated Theory Exam    $100.00

Simulation Session 1: Residential Real Estate Transactions     $750.00

Course 4: Commercial Real Estate Transactions – eLearning   $315.00

Exam 4: Invigilated Theory Exam    $100.00

Simulation Session 2: Commercial Real Estate Transactions   $600.00

Course 5: Getting Started eLearning         $90.00

Pre-Registration Phase Cost     $3,590.00

Post-Registration Phase

Investment: $770

Compliance – eLearning$300.00

Elective Courses (two electives @ $135 each)$270.00

Wrap-up Session $200.00

Post-Registration Phase Cost$770.00

Additional Costs

Investment: $3,385

$400 – RECO E & O Insurance fee (annually)

$350 – RECO licensing fee (every 2 years)

$840 – CREA membership (one-time fee)

$475 – CREA Fees (annually)

$460 – TREB Registration (one-time fee)

$860 – TREB Membership (annually)

Following completion of the Pre-registration Segment, students have up to 12 months to obtain employment with a brokerage and obtain Registration as a Salesperson with the Real Estate Council of Ontario (RECO).  Registration Requirements:

To become registered as a Salesperson with the Real Estate Council of Ontario (RECO), you must:

  • be a resident of Canada
  • be at least 18 years of age
  • complete the Pre-registration Segment courses within 18 months of the start date of the first course (Real Estate as a Professional Career)
  • obtain employment with a registered brokerage and make application for registration with RECO within 12 months of completing the Pre-registration Segment
  • apply for registration within one year of successfully completing your last Pre-registration course (The Real Estate Transaction-General and either The Residential Real Estate Transaction or The Commercial Real Estate Transaction)
  • complete and submit the forms approved by the Registrar under REBBA 2002, accompanied by the relevant fee

You may begin trading in real estate upon obtaining Salesperson registration with RECO.F

Keep in mind that there are many different brokerage models in the market.  Commissions range from 60% to 100% for agents, depending on many circumstances.  Understand that a brokerage won’t pay a high commission for a new agent.  Some charge desk fees up to $1,500 per month, while others charge much less.  Some provide a considerable amount of free training, while others make you pay for it.

At the end of the day you, like consumers, have choice.  You can decide which brokerage to join (as long as they hire you!) and what you want to get out of your affiliation with that brokerage.  You also get to decide how hard you want to work at your new career.  Remember that old saying, “garbage in, garbage out” applies to the self-employed the most!

Mortgage Broker/Agent

So you want to be a mortgage broker, eh?

Mortgage brokering can be a wonderful career choice, as long as you know what you’re getting in to.  With under 11,000 mortgage brokers/agents in Ontario, there is much less competition than for real estate sales.  However, while nearly 90% of consumers use Real Estate Salespersons to buy and sell a home, about 30% use mortgage brokers/agents to obtain a mortgage.  Lots of room for growth, or consumers don’t need mortgage brokers/agents as often as they need Real Estate Salespersons; depends on your outlook.

You are considered to be an independent contractor as a mortgage broker/agent (in the vast majority of situations; some brokerages will hire a broker/agent on salary or as an employee but this is rare).   That means you have all of the other expenses involved in running your own business, such as marketing, your car and all of the other costs that, just like in real estate, can run up your line of credit before you start making some money.

In addition, you’re paid commission and your brokerage will take a split of that, ranging anywhere from 50/50 for the first several deals until you are trained, up to 95/5 (95% for you)

And once you start earning you’ll likely be sharing that commission with your brokerage (and CRA, of course).  But, having said all that, it’s a fabulous career if you’ve got the time and money it takes to make it.  So here’s a breakdown of the time and the money you’ll have to invest to become a licensed mortgage broker/agent.

What does it take to become a mortgage broker/agent in Ontario?

Total Investment:  $1,668

Time: One week up to 6 months (can be done in as little as one week or up to 6 months, in class or online)

In Ontario, to become a licensed mortgage broker/agent you must:

  1. Pass the mortgage agent course – click here for information on the course
  2. Get hired by a licensed mortgage brokerage – click here for information on getting hired
  3. Get licensed by the regulator, the Financial Services Regulatory Authority, FSRA (formerly the Financial Services Commission of Ontario (FSCO))

Educational Prerequisites

None – anyone can take the REMIC Mortgage Agent Course (RMAC).  This is the course required to get licensed.

The REMIC Mortgage Agent Course (RMAC)

Phase 1

Investment: $338

Time: One week to 6 months

$338 – $345 – REMIC Mortgage Agent Course (RMAC) – 47 hours

The Real Estate and Mortgage Institute of Canada Inc. (REMIC) is a certified educational institution by Human Resources and Skills Development Canada (HRSDC). As such REMIC’s courses are tax free.

In addition REMIC offers a free job placement assistance program designed to assist graduates in obtaining employment with a licensed mortgage brokerage in Ontario.

Phase 2

Investment: $1,300

Time: 2 weeks to one month

$300 – $400 – Brokerage E & O insurance fee (annually)

$941 – FSRA licensing fee (this is pro-rated- see below)

FSRA licensing fee

  • Licenses come up for renewal every year (previously every two years), with the next renewal on April 1st.  To renew, the fee is $841.  To apply for a new license the fee is $941 for a full year, prorated if applying after April 1st, like this: $100 + (# of months to March 31, 2020 x $70.08).[1] 
  • For example, if you applied for a license on April 1, 2020 then you would pay an application fee of $100 plus $841 (12 months to April 1, 2021 x $70.08) = $100 + $841 = $941.  If you were already a mortgage agent you wouldn’t have to pay the application fee, so renewing the license would cost $841.[1] FSRA, https://www.fsrao.ca/sites/default/files/2019-06/fee-rule-2019-001-en.pdf

Conclusion

In conclusion, both careers can be as rewarding as you make them.  Selling real estate and brokering mortgages are well accepted careers in Ontario, with the potential to earn a significant income.  If you’re looking for a career that you can begin quickly and with only a small investment, the nod has to go to mortgage brokering.  Of course, I’m biased because I’m a mortgage broker.

Ultimately, the choice is yours!  I hope this information helps you make an informed decision.

P.S.

You can have both licenses. Something else to consider…

If you found this article helpful, please share it with your community!

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112 Comments

  • J Shaw Reply

    I have been a licensed agent in the U.S. for 25 years, and have sold about 1000 homes. If I were to consider a move to Canada, is there a way to become a registered agent more quickly than simply starting from scratch?

  • Haseeb Reply

    Hi Joe
    Very helpful article, just out of curiosity i was wondering if a person can be a realtor and a mortgage broker.
    does it conflict with each other?
    Thank you

    • Joseph White Reply

      Hi, yes, a person can be both a realtor and mortgage broker. There are many who hold both licensed.
      Cheers,
      Joe

  • Pingback:How to get your real estate license in Ontario – 24LINE.NET

  • Lee F. Reply

    There is no such thing as a “real estate license” in Ontario. RECO (the regulator of real estate, established by the Ontario Government) “Registers” real estate salespeople, brokers, and brokerages. If you are Registered, you are a “Registrant” – you are not “Licensed”. Ontario is unique in this way.

    • Joseph White Reply

      Thanks for the clarification, Lee! We’ve added that to the article.

      • Ryan Reply

        Hi Joe,
        Highly appreciate your valuable information provided in the great article, which inspires me to take the mortgage course this month.
        My question is:
        If I got licensed and were hired by a brokerage, should I go to market to find customers myself or the brokerage could assign some mortgage cases to me with assistance at the first couple months?

        Thanks in advance,

        Ryan

        • Joseph White Reply

          Hi Ryan, I’m glad the article helped!
          Regarding customers, that is typically the agent’s role, although in some cases the brokerage may provide leads as well. It depends on the brokerage, so I suggest you interview several if that is important to you using the interview questions as the end of chapter 1.
          All the best and be sure to ask any other questions that you may have to get your career started.
          Cheers,
          Joe

          • Ryan

            Hi Joe,
            Appreciate again for your kindly advice.

            Best regards,

            Ryan

    • Maria Reply

      Hi, I am living in Calgary AB, but with a plan to move to Toronto ON, so I am interested to get the real estate licence here, if its so can I work in Toronto also?

  • Nick Reply

    Hey joe great article, I was hoping to become a real estate agent in ontario, I aM Canadian and have been working in Ontario as a Forman in the mining industry for the past 30 years, but I do not have my grade 12, I was wondering what kind of equivalent test there is if I decided not to do my GED?

  • Scott Reply

    I have a criminal record, does that exclude me from doing the real estate course and working as an agent in Ontario? I’ve also worked in Thailand for four years selling real estate, where you dont need a licence to sell, would that exclude me from any parts of the course or do I need to do everything?

    • Joseph White Reply

      REMIC doesn’t offer the real estate course. The only approved provider in Ontario as of 2019 is Humber College.
      Here is a link to their course website: https://humber.ca/realestate/
      Unfortunately I don’t have any other information on their course, but they will be happy to assist you.
      Cheers,
      Joe

  • Karin Reply

    Are there any restrictions or anything different you need to do if you are a licenced Realtor (in Ontario) who wants to take the mortgage course to dual licence?

    • Joseph White Reply

      Not as far as getting a mortgage agent’s license.
      Cheers,
      Joe

  • Dexter A. Robinson Reply

    hello Joe,great article here, what’s a decent method to contact you?i’d prefer to converse with you for ten minutes about turning into a dealer. If you don’t mind send me your contact information so I can get in touch with you. Much obliged, Dan

  • Carla Smith Reply

    Hi Dan, I am moving to Ontario In July from the Maritimes. Would you suggest Mortage Brokering as a good career move ? How do I begin the process?
    Thanks, Carla

    • Joseph White Reply

      Hi,
      Yes, this is a good career, but it is strictly commission based and most entrants don’t generate an income for at least three months. If you wish to begin the process the first step is to take and pass the mortgage agent course for licensing at remic.ca
      If you have any questions please don’t hesitate to contact us at 877.447.3642 or support@remic.ca
      Cheers,
      Joe

  • Sam Reply

    Hi I just got my LLQP license and starting in the insurance business.. does it make sense to add Mtg broker license? Is it allowed or there is a conflict?

    • Joseph White Reply

      Hi,
      We’re finding more people getting dually licensed to offer more choice to their clients. There is no conflict and it is allowed by the mortgage legislation.
      Let us know if you have any questions.
      Cheers,
      Joe White

  • Gauras Reply

    Thanks a ton for your valuable time and guidance.

  • Kooner Reply

    Hi Joe,
    My Nephew is on Work permit in Ont, Is he eligible to get his Real estate license? He is not Permanent Resident Yet.

    • Gauras Reply

      Hi Joe,
      Good evening. I’m from india and currently on open work permit. I am having a 6+ years of experience in real estate back in india. What would be an ideal option for me to work here in Toronto, Canada.

      • Joseph White Reply

        Hi Gauras,
        Unfortunately I can’t guide you on that. I would suggest that, if interested in real estate, you reach out to a brokerage that you’d like to work for. There are many great brokerages in Toronto that I’m sure would be happy to speak to you.
        All the best!
        Joe

  • jake Reply

    Correct me if I’m wrong but you didnt talk about Mortgage Agent commission split. Once you join a brokerage you will have to split 50% of your self generated costumers. So really 103k is 51.5k. So to sum it all up you only have 30% of customer’s market and competing with other mortgage agents and you will have to split your commission at 50% with the brokerage even your self generated customers.

    • Joseph White Reply

      Hi,
      You are correct, there are splits, but they range from 50/50 for a brand new agent who is getting training and support from the brokerage, to 95/5 plus volume bonus, which can end up being higher than 100% of the actual commission. The actual split is contingent on the brokerage that you work for, the volume you do, etc.
      Cheers,
      Joe

  • Md Nurul Hoque Reply

    Hi Joe!
    Currently I am doing job as Real Estate Sales Person for last 14 years in Navana Real Estate Ltd (sister concern of NAVANA GROUP). My location is Dhaka, BANGLADESH. Now I am thinking to get a Mortgage License through REMIC. How is it possible for me? Can you give me suggestions?

    Thanks,
    Nurul

    • Joseph White Reply

      Hi Nurul and thanks for your inquiry,
      Where do want to get licensed? Mortgage brokers are provincially licensed in Canada.

  • Calgary Real Estate Reply

    Hey there, just wanted to say thanks for the great information on this article.

  • HKaur Reply

    Hello Joe,

    Dou you have to be a Canadian resident to get REMIC license?

    • Joseph White Reply

      Hi,
      Yes, you must be a Canadian resident with a physical address (not a post office box).
      Cheers,
      Joe

  • Dhruv Reply

    HI Joe,

    I am interested in pursuing the career as mortgage agent, but i cant do it full time till i am established.Is it possible to work as Mortgage agent along with a full time job ? Does brokerages hire such part time after hours agents (who can work on evening and weekends only)?

    • Joseph White Reply

      Hi,
      Yes, many brokerages hire part time agents to get started. Many people who are changing careers need the income from the current job to help them transition into this new career. Let me know if you have any other questions!
      Cheers,
      Joe

      • Shumaila Reply

        Thanks. Your words are very effective in taking a decision.I was thinking to be a real estate agent but Mortgage broker seems like a good choice with less investment

        • Joseph White Reply

          My pleasure! If you have any questions please contact us directly at 877.447.3642 or by email at support@remic.ca or use our live help on our website.
          Cheers,
          Joe White

  • Kimberley Reply

    Hey Joe, If I decided to become a Mortgage agent, could I find a Broker that would hire me and allow me to work 6-8 months per year. (Snowbird). I’m a realtor in Florida and relocating back to Canada part time. Trying to find a seasonal career that would work. RE agent seems too costly for part time. Thank you.

    • Joseph White Reply

      Hi Kimberley,
      Yes, I’m sure you could. There are definitely brokerages that hire part time.
      Let me know if I can be of any other assistance.
      Cheers,
      Joe

  • Dana Reply

    Hi joe My licence expired in March of 2018 due to a family crisis and I got distracted however I would like to be a broker with my own brokerage. Do I have to take the agent course again or can I take the broker course. I have been employed for more than 4 years with a brokerage before that date

    • Joe White Reply

      Hi Dana,
      You will need to get hired by a brokerage. The brokerage will then apply to reinstate your license and FSCO will advise what you need to do to get re-licensed.

    • Vraj Reply

      Hello! Just a quick question. I am a Canadian resident, so I do live in Canada currently, do I need to be a permanent resident for this? Or just a resident?

  • Rajesh kumar Reply

    Hi I am Rajesh kumar from INDIA aged 47 working as a Realestate agent, i want to work in Canada as realestates work person please suggest can it possibal
    Thanks

  • SHIBLY Reply

    Hi Joe,

    Thank you for the write up.

    I did mortgage agent course in early 2013 and got the certificate but until now not pursued mortgage agent career. I’m thinking of going forward with this career. What can I do now?

    Regards.

    SHIBLY

    • Joe White Reply

      Hi,
      You will have to retake the course as it is only valid for two years. Once you pass you must get hired by a brokerage. If you don’t have a brokerage we offer a free job bank for our students. If you have any questions please call us, email support@remic.ca or use our live help.
      Cheers,
      Joe

    • Hasan Shibly Reply

      Thank you Joe for your prompt answer. So you mean as a mortgage agent we have to come back to School and retake the exam every two years? Or there’s a way to renew before it expires in two years. I’m little confused.

      Best regards.

      • Joe White Reply

        Hi,
        If you had been licensed you would not have to retake the course. The course certificate is valid for two years. If you don’t get licensed within two years it expires and you have to retake the course if you want to get licensed.
        Cheers,
        Joe

  • M rap Reply

    Is it possible to get s higher mortgage pre approval compared to a bank? The bank is giving us very little.

    • Joe White Reply

      Hi,
      That depends on your exact situation. I suggest you speak to a broker directly to see what he or she can do.
      Cheers,
      Joe

  • junior Reply

    how do i apply for the mortgage agent broker

    • Joe White Reply

      Hi,
      If you want to become a licensed mortgage agent you first have to pass the agent course. Once you pass the course you must be hired by a brokerage. The brokerage will then apply to the regulator for your license. If you have any questions please feel free to use our live help or email us at support@remic.ca or call us at 877.447.3642
      Cheers,
      Joe

  • sara Reply

    Do you know where I could purchase used textbooks?

    Thank you

    • Joe White Reply

      Hi,
      Unfortunately I don’t know of any bookstores that sell them, however you may wish to check Kijiji

  • Laurinn Reply

    Thanks for sharing such important information. I’m sure it will help me a lot

  • Harjeet Reply

    If you are 70years old,can you do the real estate couse?

  • Gouldie Stevenson Reply

    I went threw the mortgage agent course threw centum, I passed the course but never went further. Do I have to do the course again to restart my career?

    • Joe White Reply

      Hi,
      That depends on when you took the course. The course certificate is valid for two years, as per FSCO rules. So, if you passed the course within the last two years you don’t have to take it again. For more info, please call us at 877.447.3642, use our live help or email support@remic.ca to discuss your specific situation.
      Cheers,
      Joe

  • mike Reply

    How long does it take to become a fully licensed real estate agent

    • Joe White Reply

      Hi,
      Unfortunately we can’t help you with that as we don’t provide the licensing course. Please contact OREA at OREA.com for full details.
      All the best,
      Joe

  • esmaeil Reply

    hi
    i want to start my registration for real estate broker, how can I start? is it online?

    • Joe White Reply

      Hi,
      To start that course, please go to OREA.com as they provide the real estate course.
      All the best!
      Joe

  • Maria Reply

    Hello Joe!
    I am interested in pursuing the mortgage broker licence. Are there any prerequisites that I would need to consider before signing up? (college/univ degree)

    • Joe White Reply

      Hi Maria,
      No, there are no educational or experience prerequisites to take the course. In addition to passing the course, to get licensed you have to:
      -be at least 18 years old
      -be a resident of Canada
      -have a mailing address in Ontario that is not a post office box and that is suitable to permit services by registered mail
      Joe

  • Ranine Reply

    Hi,
    I want to get a real estate license but I am a bit confused because lots of people told be that only OREA provide the program to get the license and few people are telling me that centinnal college, George Brown college or Trios college,….. are also offering the same program.
    Is that true that all this colleges are offering the program or it is only OREA?
    Thanks in advance.

    • Joe White Reply

      Hi,
      OREA is currently the only provider of the real estate licensing program. You can find full details at orea.com.
      Joe

  • Gaurav Reply

    Hey Joe, I am an indian resident and want to become a mortgage Broker/agent in canada… please guide me what are the requirements and procedures…. do i have to apply for the Permanent Residency first to get enrolled in the course??

    • Joe White Reply

      Hi,
      Anyone can take the course as long as you have appropriate identification: one piece of non-expired government issued photo ID such as a driver’s license or passport AND a second piece of non-expired, signed ID, such as a credit card, library card, transit card, etc.,
      To get licensed you must be a Canadian resident.

  • M Khalid Reply

    I have passed three Phases from OREA in 2004-05 and joined a broker as sales agent but then left the profession after few months due to my personal reasons. Now I am again willing to start my career as real estate agent. What are the possibilities?

    • Joe White Reply

      Hi,
      We don’t provide the real estate course. You will need to go back to OREA at OREA.com for details on becoming a real estate agent again.

  • Osi Evans Reply

    Hi, Orea is closing by 2020. What’s the implications?

    • Joe White Reply

      Hi, there are effectively none since the course will be offered by a different provider.

  • Neha Sharma Reply

    hey Joe, just visited the OREA website. It says they are closing down. What is the option then other than OREA.

    • Joe White Reply

      Hi Neha, there is no other option. You must take the course through them until the new course provider goes live.

  • effat Reply

    hi
    i live in Edmonton
    do i need any English proficiency test to be eligible as a real estate in Alberta? please send me the requirements
    thanks

    • Joe White Reply

      Hi,
      Please contact the Alberta Real Estate Association for details on this question. Cheers, Joe

  • Mike Reply

    Hi Joe,

    I would like to keep my full time job, as an Engineer, at least for a while, but also be a mortgage broker part time. Is this possible?
    Thank you!

    • Joe White Reply

      Hi Mike,
      Yes, this is possible and many start in this industry like this. There are many brokerages that hire part time mortgage agents and offer training and support to help them become successful and transition to full time.
      Cheers,
      Joe

  • Kelta Reply

    Hi wondering how hard it is to be an independent broker ? Do you have to work with a brokerage for a certain amount of years before becoming one on your own? How does this work ?

    • Joe White Reply

      Hi,
      It depends on what you mean by independent. As a mortgage agent you must work for a brokerage, however you are also free to set your own hours and determine how you will find clients, the type of business you wish to do, etc. But you must also follow that brokerage’s policies and procedures. You can incorporate a brokerage and hire a broker to be the principal broker (basically the chief compliance officer). So you can own the brokerage without being a broker. However the most common way is to get licensed as an agent for at least two years, then take the broker course and apply to change your license to a broker. As a broker you can be the principal broker of your own brokerage. I hope this helps explain the process but if you want more info please feel free to contact our office directly.
      Joe

  • fadhel wahid Reply

    hi .joe

    can I finance the OREA courses.

    • Joe White Reply

      Hi,
      You will need to contact OREA (OREA.com) to find out if they offer financing.
      Cheers,
      Joe

  • Lorena Estacio Reply

    Hi Joe,
    I’m interested to get a real state course how can I start or where can I go?

    • Joe White Reply

      Hi Lorena,
      OREA is the sole provider of this course at orea.com
      Cheers,
      Joe

  • tiffany Reply

    Hi there, I am 20 years old finished high school and now I am looking to take a course for mortgage agent or real estate. Which one do you think is best for me to start off? I know both industries are very competitive but which one do you think would be easier for me to get started? I heard the mortgage agent industry has been really growing and is almost impossible to get successful, is this true? & what happens after I take the course, how do I go about being a successful mortgage broker?

    • Joe White Reply

      Hi Tiffany,
      Your career choice should depend on what you enjoy doing, in my opinion. Have a look at the real estate industry, mortgage industry and life insurance industry. The costs for licensing including the courses are pretty similar between life insurance and mortgage brokering. Real estate is longer and more expensive. Each have their pros and cons but regardless of the industry, if it’s sales related there is probably a good chance that 80% of the business is being done by 20% of the agents. All three industries require planning and perseverance to become successful.
      We have some great resources for you to refer to, including this one: https://www.remic.ca/real-estate-sales-person-vs-mortgage-agent/
      Have a look at our other posts as well. They cover everything from licensing to marketing.
      Give us a call if you need any more information.
      Cheers,
      Joe

    • Gauras Reply

      Can you suggest some brokers/ brokerage ?

      • Joseph White Reply

        I’m sorry I can’t. The brokerage you ultimately choose will have to be right for you. I suggest you interview with several of them and choose the one that is the best fit for you.

  • sam Reply

    Hi, are you sure you can be both mortgage broker and real estate agent at same time. I heard you cannot due to conflict of interest.

    • Joe White Reply

      Hi,
      Yes, you can be both however you should satisfy yourself by checking with the regulator.
      Cheers,
      Joe

  • Edgar Reply

    Hi Joe do you offer any correspondence course?

    • Joe White Reply

      Hi,
      Correspondence is not offered, instead we provide an online course.
      Learn more at remic.ca/online

  • Rob Reply

    Hi Joe,

    I’m guessing mortgage brokers don’t have access to MLS?

    Thanks,

    Rob

    • Joe White Reply

      Hi Rob, you are correct.
      Joe

  • Jillian Chico Reply

    Hi Joe!

    I am a licensed real estate broker in the Philippines and aspiring to be a realtor in Canada. I hope you could help me. Thank you!

    • Joe White Reply

      Hi,
      Please go to OREA.com for information on becoming a realtor in Canada.
      Cheers,
      Joe

  • Nikita Reply

    Hi Joe

    Thank you for the insightful read. I’m a lawyer with 4 years of boutique real estate law firm practice. I’m looking to get my license. Do you know how long the process will take if I’m exempted from a couple of exams?

    • Joe White Reply

      Hi Nikita,
      There are no longer any exemptions for lawyers in Ontario.
      Cheers,
      Joe

  • Chang Reply

    Hi,
    Great article! just wondering what would be the definition of the ‘resident’? Is it be the permanent residence and citizen? Or it means the resident by taxation purpose, who have assets, work, time in Canada? I have been Canada for 3 years nearly for the university, and I am interested become a real estate agent. Would I be qualified for the education program?

    Thanks

    • Joe White Reply

      Hi,
      You would need to contact FSCO at fsco.gov.on.ca for the exact definition, as they are the regulator. We provide the educational program to become a licensed mortgage agent, not a real estate agent. That program is offered by OREA.
      Cheers,
      Joe

      • Uday Reply

        Hi Joe,

        I see same courses offered on REMIC.CA and OREA.COm
        but who conducts the tests for the Realestate agent and Mortgage agent and certifies?

        • Joe White Reply

          Hi,
          The courses are not the same. We offer courses for mortgage and life insurance licensing while OREA offers the course for real estate licensing.
          Cheers,
          Joe

  • dan desveaux Reply

    hi Joe,great article here, what’s a good way to contact you?i’d like to talk to you for ten minutes about becoming a broker. Please send me your contact info so i can contact you. Thanks, Dan

    • Joe White Reply

      HI Dan,
      The best way to contact us is via live help on our website or at 877 447 3642.
      Cheers,
      Joe

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