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Fees

The chart below outlines the costs associated with becoming a REALTOR® and practicing real estate.

COURSE FEES

Description

Cost

Frequency

Notes

OREA College Course 1
– Real Estate as a Professional Career

$575

One-Time Only

Mandatory to be Licensed

OREA College Course 2
– Land Structures and Real Estate Trading

$600

One-Time Only

Mandatory to be Licensed

OREA College Course 3
– The Real Estate Transaction - General

$450

One-Time Only

Mandatory to be Licensed

 OREA College Course 4– The Residential Real Estate Transaction

              $450

    One-Time Only     Mandatory to be               Licensed

 OREA College Course 5
- The Commercial Real Estate Transaction
 
 OREA College Course 6 - Real Property Law

 

            $450



            $550  

 

    One-Time Only




   One-Time Only

 

    Mandatory to be              Licensed


    Mandatory to be
           Licensed

RECO License Fee

$590

Every 2 Years

  Mandatory to be     Licensed

TREB Courses: Orientation & MLS

Free

One-Time Only

Mandatory to join TREB

LICENSING FEES

TREB Registration

$460

One-Time Only

 

CREA/OREA Registration

$400

One-Time Only

 

TREB Membership

$859.65 (incl. HST)

Annually

Renewed every July 1st

OREA/CREA Fees

$474.60 (incl. HST)

Annually

Renewed every January 1st

PRACTICING FEES

Franchise Fees

Dependent on Franchise

Per Month &/or Per Deal

Typically 0-5% of gross or $100-$250 per month

E & O Insurance

$440 (incl. HST)

Annually

Includes Deposit Protection and Commission Protection Plan

Advertising/Marketing

$500 - $600

Monthly

Dependent on where & how one advertises

Cell Phone

$50 +

Monthly

Dependent on usage, model

Computer / Tablet

Dependent on Model

 

 

Car

Dependent on Model

 

4-door model recommended

 


"The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Associate (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license."

Royal LePage Terrequity Realty
211 Consumers Rd., Suite 105
Toronto, ON, M2J 4G8
(416) 496-9220
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