Detailed Explanations Below
Step 1 – Meeting the Eligibility Requirements & Create Your myRECA.ca Account
There are a few minimum requirements prior to completing the application that are required by RECA.
- Be at least 18 years of age
- Able to lawfully study and work in Canada
- Able to provide specific government-issued identification (ID)
- Canadian high school diploma or equivalent (post-college diploma or university degree)
- Be proficient in English
Do you meet these requirements?
Go to www.myreca.ca and follow the steps to CREATE an Account.
Submitting your Enrollment Application
There, you will also find the link to apply for eligibility. There is a non-refundable $100 fee. If there is anything in your past you think may prevent you from becoming licensed (eg. Criminal record, bankruptcy, disciplinary history), you may request a suitability review – click here.
You will eventually require a Certified Criminal Record Check
A Certified Criminal Record Check (CCRC) is a certified fingerprint-based criminal record search for non-criminal purposes conducted by the Royal Canadian Mounted Police (RCMP) in Ottawa, in which digital fingerprints are compared against the central repository of Canadian criminal records. Please ensure you request a CCRC, not a vulnerable sector search. The CCRC must contain your complete legal name and date of birth as it reads on your birth certificate, citizenship card or permanent residency card. RECA must receive your original CCRC directly from the RCMP in Ottawa. Complete a Third Party Waiver of Consent when you apply for your CCRC so the RCMP can send it directly to RECA.
Where can you get your fingerprints taken? Click Here for a list of Accredited Fingerprint companies.
Step 2 – Complete the Licensing Course (online & self-guided)
Once your eligibility has been determined, you will start your formal education.
Individuals hoping to become licensed will need to complete the required education through a third-party recognized course provider.
RECA’s board of directors recognizes courses and course providers that meet RECA’s set requirements. However, course providers have the freedom to structure and organize their courses as works best for their institutional and instructional needs.
The most important consideration for learners when choosing a course provider is that the course will prepare you to pass RECA’s exam to protect the public and to provide competent service in your chosen industry sector.
Courses could vary in number of hours to complete, quality of instruction and materials, course modality—virtual, classroom, or a combination—and more. Not only can these elements affect the cost of the course, but they can also affect the suitability of the course for individual learners.
What might seem like a great deal financially, could simply reflect fewer learning resources available to individuals. Education is an investment in yourself and your career. Investing not just money, but time—time in understanding your learning needs, in researching course options, in building your knowledge—can set you up for long-term success in protecting the public and providing competent service.
Learn more about pre-licensing education and choosing a course provider.
Course 1 – Fundamentals of Real Estate
This course gives you the foundational knowledge and skills that you will need for the Practice course(s). Depending on the course provider, costs and time to complete vary and new course providers are being added in future. To give you an idea, the course takes 70-125 hours to complete and costs range from $800-$1,250.
Course 2 – Choose an Area of Real Estate Practice
You must take at least one of these courses before getting licensed (you may choose all). We highly recommend completing the Practice in Residential Real Estate at a minimum. This course takes between 70-100 hours and costs vary by provider, from $400 to $2,000
- Practice of Residential Real Estate
- Practice of Commercial Real Estate
- Practice of Rural Real Estate
- Practice of Property Management
Step 3 – Join a Brokerage
You’ve almost made it! The Real Estate Act requires you to be licensed under a Brokerage. Joining the right Brokerage is key! You are encouraged to contact our Broker/Owners to get the ball rolling. As part of your membership with RE/MAX River City you are also required to maintain your license and professional memberships. Here are the regulatory and professional registrations that are required.
Summary of all costs
|Who – What|| How much ||When|
|RECA – Eligibility application fee|| $ 100||Upon application|
|Course – Fundamentals of real estate || $ 800-$1,250||Upon enrollment into the course |
|Course – Area of practice (ex: residential)|| $ 400-$2,000||Upon enrollment into each course |
|RECA – Registration of license|| $ 475||Initial, then every year Oct 1st|
|REIX – Prof. liability insurance|| $ 275||Initial includes $100 Assurance fund levy (one time), then $175 every year Oct 1st|
|CREA – Initiation Fees|| $ 210||Initial only |
|RAE/CREA – Membership|| $ 1,677||Initial, prorated based on below*|
|RAE – Keys To Success course || $ 595||Mandatory orientation course|
|RAE – keypad rental|| $ 374||Initial, lease for equipment. Prorated based on below* |
|AREA Dues ||$800+325 = $1,125||Initial registration fee, then $325 for your first year and annual by December 31 thereafter.|
$ 6,031 – 8,081
After that, your annual costs are $325 to AREA every Jan31 + $2,052 every Mar 31st to RAE/CREA + $750 to RECA/REIX every Sep30 = $2,802 per year.
Breakdown of costs when you signup with the Brokerage
Real Estate Council of Alberta (RECA) $475
This covers the cost of your actual license. Regardless of when you get licensed, you are required to renew your license by October 1st every year.
Real Estate Insurance Exchange (REIX) $275
REIX provides you with professional liability insurance which is a mandatory requirement of RECA. This is paid every year when you also renew your RECA license.
Alberta Real Estate Association (AREA) $800 registration + $325 annual dues = $1,125
As the provincial professional association, they support Alberta’s 11,000+ REALTORS® through member-centric services, advocacy and professional development. Sometimes confused with RECA, AREA is your advocate in the industry; where RECA’s mandate is to protect consumers. www.albertarealtor.ca
REALTORS Association of Edmonton (RAE)
Canadian Real Estate Association (CREA) – www.crea.ca
These organizations provide us with the many tools and services that you will depend on to conduct your business. This includes the Multiple Listing Service (MLS®), forms and contracts, key boxes, continuing education, professional standards, etc.
The initial membership is adjusted based on when in the year you join. You then pay dues annually every March 31st for the following 12-month period.
*2022 Rate Schedule (incl. GST) & the Services for Success Course:
January 1 – February 28 $1,401.23
March 1 – March 31 $2,482.73
April 1 – June 30 $2,130.98
July 1 – September 30 $1,779.23
October 1 – December 31 $1,427.48
PLUS Ekey Lease:
January 1 – February 28 $74.81
March 1 – March 31 $374.06
April 1 – June 30 $299.25
July 1 – September 30 $224.44
October 1 – December 31 $149.63
Step 4 – Continue Your Practical Training
Only once you are licensed will you start to learn on how to do real estate. This is where you will experience the best that RE/MAX River City has to offer you. Our new and ongoing experienced real estate training programs will help ensure your success. As what we offer is as varied as it is numerous we recommend that you meet with our Broker to discuss which programs are best suited for you.