Are you interested in a career in real estate?

It could be perfect for you if you enjoy being your own boss, meeting new people, and having control of your work-life balance.

New day, new sales and new oppportunities

Ready to start a new career or side hustle to boost your income?

The average salary for a real estate agent is $123,955 per year in Canada.

A real estate agent sold a house and made a lot of money

What does a real estate agent do?

A real estate agent can either work for a home buyer or seller.

Responsibilities of a buyer's agent:

  • Flaticon Icon Understand clients' needs

  • Help buyers find the right property

  • Educate clients on the buying process

  • Walk clients through each property

  • Submit and negotiate an offer

  • Refer clients to reliable professionals

Responsibilities of a listing agent:

  • Flaticon Icon Provide professional consultation

  • Determine an asking price for the home

  • Market and sell the home

  • Schedule showings

  • Negotiate with buyers and their agents

  • Recommend other professionals

Before you begin

Before registering for a real estate program, make sure you've met the requirements:

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  • Be at least 18 years of age

  • Be proficient in English

  • Eligible to work in Canada

  • Have a minimum of Canadian high school education or equivalent

  • Able to afford the costs youmay encounter (e.g., course, licensing and assessment, insurance, and desk fees)

Flaticon Icon Licensing requirements vary in different provinces and territories of Canada, but you'll have to pass an exam anyways.

For more information, contact your local real estate council.

Get a license

You must hold a license to buy, sell, or lease property for your clients.

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How to Get a License?

A man asks

1. Register in a pre-licensing course

Check out the real estate council website of your province/territory to see what pre-licensing courses you're supposed to take.

2. Find a broker

Find a broker who's willing to sponsor your real estate license application. 

3. Pass a licensing exam

Once you've found a broker, you're ready to apply for licensing. Most provinces require you to pass an exam. You'll be asked questions about listing, selling, managing property, etc.

4. Get errors and omissions insurance

In order to become a fully licensed real estate agent, you’ll need to get errors and omissions insurance through your province’s real estate association.

Get your first clients

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  • Take advantage of your personal network

  • Join your local real estate association

  • Advertise your services

  • Create a functional website

  • Sponsor local events

Test Your Knowledge!

Yumi comes from China.

She has studied at the University of Toronto for 4 years and graduated last month.

She wants to become a real estate agent in Ontario.

Quiz

What must she do to reach this goal? Select all that apply.

Take Action

A man says

License:

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This Byte has been authored by

YC

Yang Chen

LINC Instructor