Guide for New Graduates Applying to the Real Estate Council of Ontario (RECO)

Introduction

Congratulations on completing your real estate education! As you embark on your journey as a new graduate, this guide
will help you navigate the steps to register with the Real Estate Council of Ontario (RECO) and provide essential information
on finding a brokerage. Whether you’re looking to park your real estate license during the current market slowdown or seeking the best support as you start your career, we’ve got you covered.


Step 1: Self-Assessment

Before diving into the registration process, take a moment to reflect on your goals:

  • Career Objectives: Identify what you hope to achieve with your real estate license.
  • Time Commitment: Evaluate how much time you can dedicate to your new business.
  • Specialization Areas: Determine which types of real estate interest you most (e.g., residential, commercial, industrial).
  • Support Requirements: Think about the guidance and resources you’ll need to start strong.
  • Financial Planning: Estimate the costs you’ll incur before achieving a steady income, including licensing and
    brokerage fees.

Step 2: Research Brokerages

Finding the right brokerage is crucial for your success:

  • Brokerage Websites: Explore different brokerage websites to learn about their culture, support systems, and commission structures.
  • Interviews: Schedule interviews with potential brokerages to discuss their training programs and how they align
    with your career goals. Look for brokerages that offer a supportive environment and flexible terms, especially during market slowdowns.

Step 3: Prepare Required Documentation

Gather the necessary documents before starting your RECO application:

  • Education Certificates: Proof of your completed real estate education.
  • Police Report: A recent police record check demonstrating your suitability for registration.

Step 4: Create a MyWeb Account
  1. Visit the RECO website – www.reco.on.ca
  2. Click on “MyWeb. For the first visit you need to  create a new account.
  3. Follow the prompts to set up your profile.

Step 5: Complete the RECO Registration Process
  1. Log into your MyWeb account.
  2. Fill out the registration form, entering your personal details and uploading required documents (education certificates and police report).
  3. Brokerage Information: If you’re joining Toronto Real Estate Realty, provide the following:
    • Brokerage Name: Toronto Real Estate Realty Plus.
    • RECO Registration Number 4764977
    • Brokerage Tel: 416-289-2890
      Tell-Free  1-877-307-8411
      Brokerage E-Mail: [email protected]
  4. Pay the applicable registration fee. (Check RECO’s website for the latest fee structure.)

Step 6: Wait for Approval
  • Processing Time: The application review typically takes 2-4 weeks. Keep an eye on your email for updates and any requests for additional information.

Step 7: Final Steps After Approval
  1. Obtain Your License: Once approved, you will receive your real estate license from RECO.
  2. Join Your Chosen Brokerage: Complete any onboarding processes required by your brokerage.
  3. Start Training: Engage in training programs or mentorship opportunities offered by your brokerage to kickstart your career.

Conclusion

Becoming a registered real estate agent in Ontario is an exciting step toward a fulfilling career. If you’re looking to park
your license during the market slowdown, we’re here to help!

Schedule a Zoom meeting with us to address your concerns and explore your options. Discover how Toronto Real Estate Realty can support your journey.

Good luck on your path to success!