Reinstating a Real Estate License in Ontario – Instructions to Reinstate Your Real Estate License

Real estate agents in Ontario must renew their real estate license every 2 years under the Real Estate Council of Ontario also known as R.E.C.O. They may do so with a registered realty Brokerage in good standing with R.E.C.O. Failing to renew their license on or before their specific renewal date, will result in being ordered to cease and desist trading real estate in Ontario. If the agent does not reinstate his license within 2 years from failure to renew date, R.E.C.O. will terminate the license with no further option of reinstatement.

You may have become an inactive real estate agent and let your license lapse but will probably find yourself back and active sometime in the near or far future. If you decide that your license is valuable enough and worth keeping it active then you will need to reinstate it as soon as possible and avoid total termination. Please be aware that you will need to be registered with a Brokerage. If you will be inactive then you may want to consider joining a non board member real estate Brokerage that assists licensees like you by holding your license without the high costs you may be accustomed to. Here are some simple instructions on reinstating your real estate license in Ontario under R.E.C.O.

A) Visit the R.E.C.O. website. Just Google the term and you will find it easily. Go to “publications and resources” and note and click the “registration forms” tab. The “New or Reinstate Broker/Salesperson” form is the very first one. Click and it should load up easily.

B) To reinstate you must fill out sections A, B, C and F. The second half of section F will be filled out and authorized by the real estate Brokerage that you have decided to register with. The Brokerage is your Employer. When completed, you will find that R.E.C.O. has made it simple to pay using a major credit card by adding their credit card payment form located on page 6. See the updated information on their form for pricing and remember that you will be invoiced for the errors and omissions fees after your application has been approved.

C) Important: Registrants within the first two-year registration cycle must successfully complete three additional educational courses designated by the registrar before making an application for reinstatement of registration. For all other reinstatement’s, you must fulfill the continuing education requirements also before making an application for reinstatement of registration. Make sure you read section D of the form and call R.E.C.O. direct if you are not clear on their information.

Finally, get that application to the Real Estate Council of Ontario as soon as possible. Your real estate Brokerage employer may take care of this for you but hand delivering it yourself is usually a better option and recommended. Here is their information: Real Estate Council of Ontario 3250 Bloor Street West, East Tower, Suite 600, Toronto, Ontario M8X 2X9 Telephone: 416-207-4800 or 1-800-245-6910 and Fax: 416-207-4820

Something originally inspired you to become a licensed real estate agent in Ontario. Inactive for whatever reason led to your license getting terminated. Give yourself the benefit of a potential comeback whether sooner or later and instead of losing this valuable asset, keep it active and reinstate it today. There are options for you now that will allow you to park your license instead of losing it and at a fraction of the cost you are accustomed to. To reinstate or not to reinstate, it’s totally up to you! Good luck.

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Show Me Your Real Estate License Before We Do Business

In my state, and I assume in other parts of the country, people pretending to be licensed real estate agents when they are not is an increasing problem.

You are riding around looking to buy a house. You see a sign in front of a house for sale. You call the number. The person on the other end of the phone is either the owner or a licensed real estate agent or a scammer. Who else could it be? If they own the house, that is OK. If they are a licensed agent hired by the seller, that is ok. If they are someone else what are they up to? Ask them if they are the owner. If not, ask them if they are a licensed agent. If they say yes, ask to see their license. If they offer you a business card, ask to see their state issued real estate license. There is no legitimate licensee that would object to showing you their license. In fact, most agents, including me, would be proud to show a license. The only person that would not want to show you a license would be someone that does not have one. If they do object or refuse, be suspicious.

If they do not own the house and they do not have a real estate license, where do they fit in the transaction? It would seem to me they must be up to some sort of scam. Why not ask them”, where do you fit in this transaction?” That seems like a reasonable question to me. They might tell you they are handling this for a friend or relative. If that is true, you may want to ask if you can talk directly to the owner. If I were handling this for a friend or relative, I certainly would not object if someone wanted to talk directly to the owner. Would you? Of course they could tell you” I have an option to buy this house for fifty thousand from the ignorant,naive person that owns it and I am hoping to sell it to you for one hundred and twenty thousand. All I have to do is defraud the mortgage company into believing it is only worth fifty thousand and convince you it is worth one hundred and twenty thousand. Maybe the real owner will get sued for a deficiency judgement for several thousand dollars. That is too bad. This is a great deal for me.”

Licenced real estate agents have what is known as fiduciary duties. They are required by law to be honest. There are very serious consequences for dishonesty. They could have their license revoked if they are dishonest. If you meet one that does not want to show you their license, maybe they used to have a license but they do not anymore. People with criminal background can not get a real estate license.

One of the reasons that the state issues real estate licenses is so people with criminal backgrounds can not practice selling real estate. Another reason you might want to ask to see someones’ license is so you will know you have their right name. Crooks use aliases. Be cautious. Honest legitimate people do not mind at all. When dealing with a real estate agent, ask “May I please see your license?”

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How to Get a Real Estate License in California

A career in property selling field can be very lucrative, but you need to have a license in order to sell buildings. In California, the licensing process can be done fairly quickly for obtaining a real estate license. If you are interested in selling homes or commercial properties, here are the requirements for getting a license.

License Requirements

According to California real estate license requirements, you must be at least 18-years-old to apply for a real estate license. Although you may be a resident of the state, residency is not required and there is a process for non-residents to take the exam. If you are at least 18, then you need to complete three college level courses pertaining to real estate, which are a minimum of 45 hours each.

The coursework can be completed online or you can take classes in person. There are two required courses and one elective course. The required courses are:

• Real Estate Principals

• Real Estate Practice

You have several options for the elective course, including:

• Property Management

• Real Estate Finance

• Legal Aspects of Real Estate

• Business Law

• General Accounting

There are several other elective classes from which to choose. As you complete each course, you will be given a final exam and then you will receive a Course Completion Certificate from the school where you took courses once you have passed all of the final exams.

License Application

Once you have the certificate showing you completed the coursework, the next step in fulfilling the California real estate license requirements is to apply for a license. When you submit an application, you are actually applying to schedule a date, time and location in which to take the state license examination. There are two different tests to choose from:

• Salesperson Examination Application

• Salesperson Examination/License Application

You need to submit a copy of your Course Completion Certificate with the application and a non-refundable fee of $150, which is payable to the Bureau of Real Estate. It has to be paid with either a check, money order or credit card as they do not accept cash payments.

You will be sent a notice about the date, time and location of the examination once your application has been processed. You have two years in which to take the licensing exam once your application has been filed with the BRE.

When you take the combination sales exam and license application, you will need to have your fingerprints scanned, which usually costs about $49 and the fee is $245 because it is also for your license and not just taking the salesperson exam. It is also very important that you are honest on your application because it may not be approved if you were ever convicted of a crime or for failure to disclose criminal activity.

Non-residents will have the same educational requirements and the application process is the same. Once your application has been approved and you receive your state real estate license, you can begin your career selling real estate.

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The Real Estate Licensing Process

There is no doubt that a career in real estate can be very advantageous, as well as exciting. Of course, in order to obtain a career in this field, the first thing that you will need to do is go through the real estate licensing process. This does not need to be difficult, as long as you have a good idea of what it is that you will be facing. Here, we will take a closer look at some of the most important things that you should know when it comes to real estate licensing.

One of the things that you may be wondering about is what type of requirements there are for you to be eligible for real estate licensing. For starters, you need to be of at least eighteen years of age. You also must have graduated from high school, or have obtained a degree of equivalency, such as a GED in order to go through the real estate licensing process. Before you can take the exam that is required for real estate licensing, the first thing that you will need to do is learn more about what other requirements your state has prior to the real estate licensing process.

Most states will require you to take a course, or some form of training before you will be eligible to complete the real estate licensing exam. These types of real estate training courses are often offered by community colleges or real estate schools. You should be able to find one within your local area. It is important to make sure that you learn about all of the state requirements beforehand. Completing them is the first step of the real estate licensing process, as you cannot continue the process without these requirements.

Once you have completed all of the requirements of your state, the next thing that you will need to do is find a test center which offers real estate licensing. The cost of this examination will vary according to where you live, but it is typically around a hundred dollars. Keep in mind that is necessary for you to get your real estate licensing done from the state that you are planning on working in. For example, if you are planning on working as a real estate agent in California, you would not want to get your real estate license in Washington.

In order to prepare yourself for the real estate licensing examination, it is important to make sure that you look over all of the information that you learned in your real estate classes. It will also be very beneficial for you to buy a real estate licensing test kit, which will provide you with a good idea of what types of questions you can expect to see on the real examination.

Keep in mind that if you do not pass your real estate licensing test the first time, it is quite okay. You will be able to take it again, but you will probably need to wait a certain period of time. Once you have actually passed the real estate licensing examination, you will be ready to find a job with a reputable real estate agency to work for. While you may have to spend money, time and hard work to get through the real estate licensing process, you will find that it is well worth it in the end.

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How to Get a Real Estate License in Queensland

Real estate has become one of the most lucrative businesses in recent times. The positive global economic progress has opened new doors of opportunity for all businesses resulting in a real estate boom that is bound to last. To be a real-estate agent in Queensland, like most of everywhere else in Australia, you require a real estate agent license.
So how to you go about getting one…

To be eligible to get a real estate license in Queensland there are certain criteria that must be fulfilled. Here is a simplistic view of these requirements:

1)The candidate must be over 18 years of age
2)Must have at least one place of business in Queensland
3)Must have the requisite training from a recognised organization
4)The candidate must be a suitable person, which means that he/she must not be bankrupt and must not be convicted for any serious offence that carries three or more years in jail at least five years before applying for the license. Further, the candidate must not have been previously disqualified from holding a license for any reason. Also, the person should not also have been the director or one of the board of directors of a disqualified company.
5)Most importantly the person must be a citizen of Australia or an immigrant who has the required work visa.

To get a real estate license in Queensland, criminal history checks are also done for every applicant; and an applicant is required to pay the specified fee for criminal history checks to be carried out.

The processing time for the license is 4-6 weeks. It is usually never longer than this except when the authorities need to get in touch with the applicant for any missing documents or fees that need to be paid.

In order to ensure that there is no delay in obtaining the real estate license in Queensland, all photocopies of the original document must be attested. This means that the signature of the applicant is necessary as well as the signature of one of the following people – Solicitor, justice of peace, commissioner of declarations, barrister or a notary public. The applicant must take the original as well as the photocopy to the above-mentioned people and they will stamp it saying that the document is true. In Australia, photocopies of original documents are not accepted as proof of identity.

The most important thing needed for acquiring a real estate license in Queensland is training. There are many organizations that provide this type of training and it can be done in training classes or through correspondence mode as well. The advantage of correspondence mode is that the applicants can do the course in their own time, after regular work hours or after school.

In order to obtain a real estate license in Queensland, an applicant must fulfil as many as 19 units in the Property Services training package. For those who are already part of the real estate industry and are working as a salesperson, a resident letting agent or a property manager they would have completed at least six of the necessary units.

Once you attain a real estate license in Queensland, you can do any of the following

1)You can negotiate buying, selling, renting or exchange of apartments or houses, land or businesses.
2)Own a real estate agency. You can also manage a real estate agency that is not necessarily owned by you.
3)The license holder can directly buy, sell, rent or exchange houses or apartments, businesses or lands.
4)The license holder can look at, access and inspect any property that is up for sale or rent.
5)The property can be shown to interested buyers.
6)They can open property for rent or sale.
7)They can advertise a property that needs to be put up on rent or sold if they want to attract potential buyers. They can do this in the form of putting up signs as well.
8)They can take an apartment complex and sell in parts or however is suitable to them without going through an established agency.
9)They can sell, buy or exchange livestock (or an interest in them)
10)The license holders can operate a trust account in the name of either the buyers or sellers.

The real estate industry has seen a lot of positive changes in recent times. A real estate agent not only enjoys a great life but also helps people find homes like they always wanted. However, you need to be well trained and procure the real estate license in order to make the most of this career opportunity.

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