Ontario Real Estate Exam Preparation Study Tools
THE REAL ESTATE LICENSING PROCESS HAS RECENTLY CHANGED.
If you are starting a career in Real Estate and were not registered with OREA® (before May 1, 2019), you have to register with Humber College for the new courses started in September 2019. The study material that we provide on our website is specifically for the Real Estate courses of either OREA® or Humber College. The team is working hard to create even better tools for the new real estate program. Humber College Real Estate Course 1 practice questions are available now!.
Click Here for Study Tools for OREA® College courses only.
Click Here for Study Tools for HUMBER College courses only.
NEW Real Estate Course 1 Study Tools Now Available!
Read Me First! Please note that the purchase of SeeWhy Financial Learning's exam preparation materials does not constitute enrolment in the actual licensing course(s). Instead, our materials are designed to assist you in understanding the content of such courses. If you were registered with OREA® College BEFORE May 1st, 2019, then our cousre study tools are what you need to help prepare for the OREA® exams. For more information on the changes to the Ontario Real Estate exam system please go to the OREA® Ontario Real Estate Association course website click here www.orea.com. NOTE: While the printed version of the study guide (OREA® course study only) is included in the price shown below, in the remote chance that you fail and request a refund based on our money back guarantee there will be $35+tax deducted for the printed study guide as it cannot be returned.
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Printed Study Guide included with all OREA® registered exam preparation orders
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IMPORTANT Notice of User Agreement: Your order entitles access for one (1) person only Review our End User License Agreement - Click here for the full copy - that you agreed to during the purchase process.
Your SeeWhy Learning study centre was created for a single user and is not transferable to, or to be shared by, another user, whether it is used for the full subscription time period or part thereof.
Your subscription is effectively designed for your sole use and not to be shared. Sharing access will result in termination of your subscription. Please read the full User Agreement.
Are You Seeking a Career in Real Estate in Ontario?
SeeWhy Learning is the Preferred Provider of Real Estate Exam Preparation Study Tools in Ontario for the companies shown below.
If you are already with one of the broker systems listed or interested in a career in real estate and considering one of these brokers to pursue that career, please select the one you want to continue.
Please note that the purchase of SeeWhy Financial Learning's exam preparation materials does not constitute enrollment in the actual licensing course(s). Instead, our materials are designed to assist you in understanding the content of such courses. If you have not already done so, you must register with the OREA® College in order to obtain their course materials and write the actual exams. For OREA® Ontario Real Estate Association course website click here www.orea.com.
Ontario Real Estate Association (OREA®)
OREA's Mission Statement is to: "Represent its members and to provide a professional environment for members to maximize business opportunities".
The OREA® Real Estate College is currently RECO's nominee to provide Real Estate educational courses, and to administer examinations leading to registration of salespersons, brokers, and brokerages.
OREA® provides Real Estate Boards with advice and support concerning day-to-day operations.
The Ontario Real Estate Association® represents over 45,000 brokers and salespeople who are members of Ontario's forty two (42) real estate boards. OREA® serves its members through a variety of publications, educational programs and special services. The Ontario Real Estate Association® provides all real estate licensing courses in Ontario.
OREA® was founded in 1922 to organize real estate activities and develop common goals across Ontario. These included promoting higher industry standards, protecting the general public from unscrupulous brokers and salespeople, and preserving private property rights.
The Ontario Real Estate Association® continually strives to improve the image of REALTORS® by enhancing educational and professional standards. OREA® develops and publishes standard forms, and supports educational and charitable causes through the REALTORS Care Foundation.
- 1920 - Toronto Real Estate Board® founded; Canada's largest real estate board
- 1922 - OREA® founded
- 1997 - RECO® founded to administer the Real Estate and Business Brokers Act (REBBA®)
- 2002 - Ontario Real Estate College® formed, assuming all the duties of the OREA® Education Department
Toronto Real Estate Board (TREB)
The Toronto Real Estate Board (TREB®), founded in 1920, is the largest real estate board in Canada with over 28000 members. TREB's Multiple Listing Service (MLS®) is shared with boards in the surrounding area, namely the Brampton, Durham Region, Mississauga and Orangeville Real Estate Boards.
The Toronto Real Estate Board® stretches across the Greater Toronto Area (GTA) and surrounding townships, including: Ajax, Aurora, Barrie, Brampton, Burlington, Caledon, Halton Hills, Markham, Milton, Mississauga, Newmarket, Oakville, Oshawa, Pickering, Richmond Hill, Toronto, Vaughan, and Whitby.
In addition to the MLS®, TREB® offers its members such services as:
- Professional standards and arbitration services for members
- Government relations
- Member discounts through participating partners
- Market Watch statistics
- Continuing education
- Buyer Registry Service
- RealNet Data (commercial and new homes)
- MPAC Assessment data and Teranet (land registry) data
- REALTOR Quest Regional Conference
- Standard forms
Real Estate Council of Ontario (RECO)
The Real Estate Council of Ontario® (RECO®) was formed in 1997 as the delegated administrative authority under Ontario's Ministry of Small Business and Consumer Services, to administer the Real Estate and Business Brokers Act and protect the public interest.
Since 2002, Tom Wright has been president and CEO of RECO®, previously serving as Registrar. Allan Johnston is the current Registrar and also serves as District 5 Director on ARELLO's board. Johnston previously managed the Policy and Procedures Group at the Toronto Real Estate Board®.
2008-2009 Annual Report http://www.reco.on.ca/publicdocs/Annual_Report_2009.pdf
PROTECTING THE PUBLIC INTEREST RECO® regulates the activity of trade in real estate in the public interest. Protecting the public interest is achieved through:
Enforcing the standards required to obtain and maintain registration as a brokerage, broker or salesperson and delivering the duties of the Registrar Establishing minimum requirements for pre-registration and continuing education Conducting routine inspections of brokerage offices to ensure compliance with REBBA® 2002 and educate brokers Addressing inquiries, concerns and complaints about the conduct of registrants received from all sources and taking appropriate action to protect the public interest Establishing and administering insurance requirements, which include consumer deposit protection Promoting ongoing education and competent, knowledgeable and professional service Information Available to the Public Under REBBA® 2002, the Registrar is required to make certain information available to the public. RECO® provides a "registrant search" feature on its website. Information available includes the registration status, the current expiry date of registration, whether or not the individual has complied with insurance requirements, and enforcement or disciplinary activities related to the brokerage, broker or salesperson.
The enforcement or disciplinary activities disclosed includes:
Registrar's Proposals Convictions Charges Discipline & Appeals Decisions
Real Estate Council of Ontario® (RECO®)
Real Estate and Business Brokers Act
The Real Estate and Business Brokers Acts, 2002, came into force in Ontario, Canada on March 31, 2006. Sections 50 to 53, dealing with the creation of regulations, were enabled on November 7, 2005. Section 8, dealing with specialist certifications, has yet to be proclaimed. REBBA® is administered by the Real Estate Council of Ontario on behalf of the Ontario Ministry of Small Business and Consumer Services.
The Real Estate and Business Brokers Act, 2002, replaces the Real Estate and Business Brokers Act, 1990. Notable changes with the new legislation include:
- modernized framework for registering and regulating brokerages, brokers and salespersons
- rules of trading moved from previous Act to new Act's Regulations
- procedures and programs previously found in RECO® by-laws, e.g., insurance, continuing education, code of ethics and complaints process
- increased maximum fines for violations of the Act