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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 – Course 1

$525

One-Time Only

Mandatory to be Licensed

OREA College Course – Course  2

$545

One-Time Only

Mandatory to be Licensed

OREA College Course – Course 3

$850

One-Time Only

Mandatory to be Licensed

 OREA College Course –               Course 4

               $425

    One-Time Only     Mandatory to be               Licensed

 OREA College Course –              Course 5

              $505

    One-Time Only     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

Dependant 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

Dependant on where & how one advertises

Cell Phone

$50 +

Monthly

Dependant on usage, model

Computer

Dependant on Model

 

 

Car

Dependant 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."

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