If you are looking for a career in the real estate industry, then you’ve come to the right place. There are several steps you need to take in order to become a licensed real estate agent in Toronto. First, you need to choose a brokerage to work for. Not all brokerages are created equal, and there are a variety of things to consider before selecting a firm. For example, you may want to consider a small brokerage if you’re just starting out, as it will give you a better opportunity to learn from experienced agents in the field.
Once you’ve decided on a brokerage, the next step is to complete pre-registration. Once you’ve done this, you have about a year to secure an employment with the brokerage. Once you’re registered with RECO, you’ll be able to start trading real estate. You can expect to earn from sixty to eighty percent of the sales price, but the commissions can be as high as 100 percent. Many brokerages don’t pay high commissions to new agents. In fact, some will charge you up to $1500 for desk fees while providing considerable training for free.
Besides the knowledge needed to be a realtor, there are some important skills that you will need to develop to ensure your success. First of all, you must have the desire and flexibility to meet the needs of your clients. Being a real estate agent requires you to be flexible in your hours and be accessible to them at all times. As a real estate agent, you’ll need to know a lot about the market and how it works. This is an area where you need to differentiate yourself from others.