Investor Geared Brokerage?

[Jason Lobliner]

Hello!

I am currently in college and am looking to complete my real estate licence through OREA (I live in Ontario) as I have some spare time at the moment.  The only issue with this idea is that I do not plan to use my licence until after I graduate. Is there anyway I can minimize costs associated with holding a real estate licence? or any brokerages geared to investors in Ontario which do not have a desk fee? Thanks for your time!

Jason. 

[Gary McGowan]

A couple of points. 

There are many Discount Brokerages that you could join for merely a couple $100s a year. YOU ALWAYS GET WHAT YOU PAY FOR. 

Just to be licensed in Ontario in cost me over $2,500 a yr for insurance and other professional fees (excluding desk fees).

You also have 18 months to complete the exams, then 12 months to join a brokerage, then 24 months to complete the last set of exams.

Note: As of April 1, 2016 The rules of becoming an agent are changing. 

https://www.orea.com/~/media/Files/College/Programs-Courses/Salesperson-Learning-Path-2016.pdf?la=en