Your Real Estate Career Road Map
It’s exciting to embark on a new career, especially one that will give you flexibility, income, and impact. But a career change is a big decision, and not one to be taken lightly. Learn the steps you need to take to become a Licensed Real Estate Agent.
Step 1: Find out if it’s right for you
Being a full-time Real Estate Agent is not a job, it’s a business – you are the owner. So before you commit, do your due diligence and investigate the career.
Here are some helpful tips:
Step 2: Register for the Real Estate Licensing Program
In order to become a Real Estate Agent, you have to complete a series of Salesperson Licensing Courses which consists of four modules.
The first three modules are completed with a textbook and a workbook at home, while the fourth module consists of 1.5 days of classroom instruction. They are also available to be taken online.
Step 3: Select a brokerage to partner with
There are many brokerages throughout Winnipeg, all with different fee structures, cultures, training and development. Some agents taking the courses start interviewing brokerages during their courses.
Interviewing during Phase 3 is recommended to ensure once you complete your licensing requirements, you can hit the ground running.
Step 4: Apply to the Manitoba Securities Commission for your license
The Manitoba Securities Commission has a licensing fee of $400.00 and will perform a criminal background check (approx 24-48 hours). Your Royal LePage Broker will help you navigate the application process and business start up.
Step 5: Apply to the Local Real Estate Boards for Registration
If you are employed by a broker who is a member of a real estate board or association, there are additional fees: board or association dues, a one-time initiation fee for the MREA REALTOR® Security Program, plus levies for the MREA Reimbursement Fund and the REIAOC Errors and Omissions Insurance Program. Your Royal LePage Broker will guide you through the registration process.
Step 6: Ready for Action!
After completing Steps 1 through 5, you are a fully licensed and registered REALTOR®! Now, your real training starts.
2023 Education Fees
One Time Application Fees
Annual Recurring Licensing Fees
The following are other ongoing expenses that will be incurred, but are variable dependent on the individual real estate agent:
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