PROCESS TO BECOME A LICENSED REAL ESTATE AGENT

 

1. Obtain Phase I:

Real Estate as a Professional Career from the
Association of Saskatchewan REALTORS® (ASR) located at:

2811 Estey Drive,
Saskatoon, SK S7J 2V8
Ph: (306)373-3350
Email: info@saskatchewanrealestate.com
Wesite: www.saskatchewanrealestate.com

Course includes two (2) manuals and encyclopedia. Enrollment period is 12 months.
Fee is $1,399.00

2. Obtain Phase II:

Residential Real Estate as a Professional Career.
Enrollment period is 2 years from completion of Phase I.
Home study course fee is $799.00. Exam fee $150.

Obtain Phase II – Commercial Real Estate as a Professional Career. Home study course fee is $799.00.
Exam fee $150.

Obtain Phase II – Farm Real Estate as a Professional Career. Home study course fee is $799.00.
Exam fee $150.

3. After completing Phase I and Phase II (Residential, Commercial, Farm):

All individuals making an initial application to the Saskatchewan Real Estate Commission must provide the Commission with a Criminal Record Check by fingerprint comparison with their application for registration.

For Criminal Record check pick up form at Police Station. Cost is $35.00 to check database and $25.00 for fingerprinting. The $25.00 cheque for fingerprinting, fingerprints and form are then to be mailed to Ottawa. Note: Keep a copy and the mailing receipt.

Exams for Saskatoon are held on the second & fourth Monday of each month, except holidays and December. Note: Picture identification will be required.

Broker sponsorship is not required to complete Phase I and Phase II education.

4. Upon successfully completing Phase I and Phase II an individual must submit an application for registration to the Saskatchewan Real Estate Commission within 6 months. Broker sponsorship is required.

The Saskatchewan Real Estate Commission is located at:

237 Robin Crescent, Saskatoon
Ph: (306) 373-5233
Website:www.srec.ca

Fees for a new applicant who has never been registered to trade in Real Estate are:

  July 1st - March 31st April 1st - June 30th
Registration Fee: $355.00 $100.00
Real Estate Assurance Fund Levy: $275.00 $100.00
REIX E&0 Annual premium: $100.00 $100.00
Total: $730.00 $300.00

5. New Member Joining Fees are:

Saskatoon Region Association of REALTORS®
$315.00

Association of Saskatchewan REALTORS®
$525.00

Canadian Real Estate Association
$210.00

Saskatoon Region Association of REALTORS® Annual Membership Fees (pays for SRAR, ASR & CREA)
$820.00

NOTE: A provisional membership is granted in the SRAR pending completion of the Board’s “New Member Course” which is held four (4) times per year.

Failing to attend or successfully complete the next available “New Member Course” may result in a license suspension until the requirement is met. Course duration is 2 days. Fee for course is $367.50 (payment must be postdated one week prior to. Broker sponsorship is required). A $100.00 keypad deposit must also be paid.

6. Total Investment:

$1,399.00 + $799.00 + $799.00 + $799.00 + $35.00 + $25.00 + $355.00
+ $275.00 + $100.00 + $315.00 + $525.00 +$210.00 +$820.00 +$367.50
+ $100.00 = $6923.50.50

7. Continuing Professional Development:

This required course must be completed by all registrants from July 1 to June 30, annual fee is subject to change.

8. Note: Annual membership for SRAR is prorated according to start date.

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