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How to Become a Real Estate Agent in Saskatoon, Saskatchewan: Update

The educational model for becoming a real estate agent in the province of Saskatchewan changed on January 1, 2019. This post outlines the new requirements for entry into the real estate business with the most recent costs.


All requirements and prices are valid at the date of publication and are subject to change, without notice, at the discretion of the organizations and associations responsible.


Provincial legislation in Saskatchewan states that anyone wishing to represent members of the public in a real estate trade in Saskatchewan must be registered with the Saskatchewan Real Estate Commission (SREC), an independent, non-government agency, responsible for regulating the real estate industry in Saskatchewan. SREC sets forth the qualifications for registration (licensing).


Prospective registrants must complete a home study course titled Real Estate as a Professional Career, which is offered by the UBC Sauder School of Business (UBC Sauder).


Once a student has completed Real Estate as a Professional Career they must complete the following Phase 2 courses.


All four courses are offered by UBC Sauder on a home study basis. 


Within two years of registering for the Phase 1 Real Estate as a Professional Career course, a student must complete Phase 1 and all three Phase 2 courses to qualify for licensing. Before the conclusion of the two-year period, they must have presented themselves for an examination on each course and have obtained a mark of at least 70%.


IMPORTANT NOTE: While there are no "pre-requites" for registration for Real Estate as a Professional Career, however, prospective real estate registrants should be aware that they must prove proficiency in English before they can obtain a real estate license. Information on how that's accomplished can be found here.


Students wishing to practice in the field of property management must also complete Property Management as a Professional Career, however, this course is not required to practice in residential real estate, commercial real estate or farm real estate.


Once a person completes the mandatory courses they qualify to apply for registration to trade in real estate (licensing) within the province of Saskatchewan. An application for registration as a licensed salesperson, signed by an employing broker, must be made to the SREC within two years of successfully completing the four courses required.


Applicants must produce proof of having proficiency in the English language, and a completed criminal record check.


      Cost
MandatoryEducational Courses      
Real Estate as a Professional Career     $1,499.00
Examination Fee (first attempt in included - $155 for additional)     $0
Residential Real Estate as a Professional Career     $899.00
Examination Fee (first attempt in included - $155 for additional)     $0
Commercial Real Estate as a Professional Career     $899.00
Examination Fee (first attempt in included - $155 for additional)     $0
Farm Real Estate as a Professional Career     $899.00
Examination Fee (first attempt in included - $155 for additional)     $0
Total Cost for Mandatory Educational Courses     $4,196.00
       
Provincial Licensing and Related      
Registration for Salesperson License     $730.00
Mandatory Errors and Omissions Premium     $0
Real Estate Assurance Fund Levy     $0
Total Cost for Provincial Licensing and Related     $730.00
       
Other Incidental Costs      
Criminal record check     $25.00
       
Total estimated cost to become a real estate agent in SK.                  $4,951.00


Becoming a REALTOR®

The majority of the real estate companies in Saskatchewan, particularly those located in the urban areas are REALTORS®, and all of the salespeople that they employ must also be REALTORS®.


In addition to expanding the potential opportunities that might exist for a real estate registrant, choosing to practice as a REALTOR® also provides access to the Multiple Listing Service® (MLS®), a sophisticated system for sharing property information and commissions with other REALTOR® members. In a nutshell, the MLS® provides agents with easy access to a large inventory of homes for sale, and access to a large number of salespeople for the homes an agent may have listed for sale. Agents use this system to cooperate with each other for the aforementioned benefits and typically share commissions when they successfully bring a buyer and seller together to complete a real estate transaction.


Becoming a REALTOR® requires a registrant to become a member of the Saskatoon Region Association of Realtors®, the Association of Saskatchewan Realtors®, and the Canadian Real Estate Association(CREA). Members must commit to conduct their business in accordance with the rules and regulations of each organization, and the Code of Ethics of the CREA. Here are the costs associated with becoming a member of these organizations.


      Total
       
Real Estate Association Joining Dues      
Saskatoon Region Association of REALTORS®     $830.00
Association of Saskatchewan REALTORS®     $500.00
Canadian Real Estate Association     $200.00
Total Cost for Real Estate Association Joining Dues     $1530.00
       
Annual Real Estate Association Dues      
Saskatoon Region Association of REALTORS®     $50.00
Association of Saskatchewan REALTORS®     $400.00
Canadian Real Estate Association (Annual dues & tech fee)     $310.00
Total Cost for Annual Real Estate Association Dues     $760.00
       
Post Licensing Education Requirements      
Saskatoon Region Association of REALTORS® New Member Course     included in joining fee
       
Total additional costs to become a REALTOR®     $2,290.00


That’s a brief overview of what it takes to become a real estate agent in Saskatchewan and to become a REALTOR® in Saskatoon.


If you have questions or are interested in exploring a career in Saskatoon real estate I’d be happy to hear from you. My contact information is here.

Please note that the estimated costs outlined above were valid at the date of publication and are subject to change, without notice, at the discretion of the billing organizations.


Norm Fisher

Royal LePage Vidorra

Norm Fisher, Author of the TeamFisher Saskatoon Real Estate Blog

About Norm

Licensed in 1993, Norm brings a wealth of experience to TeamFisher. He has worked in every imaginable capacity including sales agent, office manager, team leader, broker and now, broker/owner. Norm has written a weekly review of the Saskatoon real estate market for more than 650 consecutive weeks which may make him the most consistent industry blogger in the world.Less...

Licensed in 1993, Norm brings a wealth of experience to TeamFisher. He has worked in every imaginable capacity including sales agent, office manager, team leader, broker and now, broker/owner. Norm has written a weekly review of the Saskatoon real estate market for more than 650 consecutive weeks which may make him the most consistent industry blogger in the world.

Norm is known for his passion for technology and can most often be found exploring and experimenting with the next big thing in real estate marketing. He was the first Saskatoon real estate agent to promote a home online and has been an early adopter of new technologies ever since. “Everything about this business has changed over the past 20 years, and it will happen again in the next ten. An open mind and a curious attitude are all that’s needed to continue to find new ways to serve our clients by delivering a faster, smoother, worry-free transaction,” says Norm.

In his spare time, Norm enjoys Crossfit and cycling, some years accumulating over 2,000 kilometres on the road. He’s a strong supporter of the Royal LePage Shelter Foundation and enjoys raising funds by joining fun, fitness-related initiatives like the Grouse Grind for Shelter. In 2015, he trekked the Peruvian Andes to Machu Picchu. In 2017 he walked the southern highlands of Iceland across mountains, sand, snow, ice, lava fields and forest for seven days. Collectively those initiatives raised over a million dollars for Canadian women's shelters.
 

Note: We are in the process of bringing this blog home to the TeamFisher.com domain and we have a lot of stuff to move! Another 700 posts can be found at normfisher.com where they'll remain until we can get them moved here.

The Saskatoon Region Association of REALTORS® (SRAR) IDX Reciprocity listings are displayed in accordance with SRAR's MLS® Data Access Agreement and are copyright of the Saskatoon Region Association of REALTORS®.
The above information is from sources deemed reliable but should not be relied upon without independent verification. The information presented here is for general interest only, no guarantees apply.
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