Remax BLOG

Quick Answer:  Errors and omissions insurance for a real estate agent in Ontario is a required insurance program run by RECO. It bundles three things: E&O cover for mistakes made during a deal, commission protection insurance, and deposit insurance for buyers.  The current price is 500 dollars plus tax each year. It does not cover […]

Quick Answer RECO continuing education requirements apply to every real estate agent and broker registered in Ontario. RECO, the Real Estate Council of Ontario, oversees real estate continuing education Ontario-wide once you renew for a second term.  Registration runs in two-year cycles. New agents skip CE in their first cycle. The requirement starts in your […]

Quick Answer The first thing to understand is that Ontario does not have one single real estate exam. There is no provincial licensing test you sit once and pass. Instead, you complete a RECO-approved education program made up of an admission test, a series of courses with their own exams, and simulation assessments that are […]