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Manitoba

Manitoba is the easternmost prairie province in Canada and its capital, Winnipeg, is the geographic centre of the continent with easy access to the United States. Real Estate licences here are regulated by the Manitoba Securities Commission (MSC) All education and required courses that are required to obtain a licence are provided by the Manitoba Real Estate Association (MREA).

How to get a Real Estate Licence in Manitoba

Licencing Prerequisites

Before getting a license in Manitoba, the candidate must have the following:

  1. Be a Canadian citizen or permanent resident of Canada.
  2. Be at least 18 years of age.
  3. Completed their educational curriculum through MREA
  4. Be employed by a registered broker/real estate firm in Manitoba

 

Getting the Licence

There is a two-part licensing process in Manitoba:

  1. A Basic Licence which expires after 2 years.
  2. An articling period with educational requirements you must complete within the first two years of getting the Basic Licence.

 

Part 1 – Receiving a Basic Licence

To receive a Basic Licence, you are required to complete the following courses within 18 months of each other;

  1. Salesperson Licensing Course – Phase 1
  2. Salesperson Licensing Course – Phase 2
  3. Salesperson Licensing Course – Phase 3

 

Within six months of completing Phase 3, the candidate must register with the Manitoba Securities Commission to remain eligible for the license.

See the Costs & Fees section for more details.

 

Part 2 – Articling Phase

Within one year after completing the Basic Licence, the Realtor must complete the first of the following courses to maintain their license. The second course must be taken within two years from completing the Basic License:

  1. Real Property Law
  2. Principles of Appraisals; OR,
  3. Principles of Commercial Real Estate

The prospective realtor must also have registered with a real estate brokerage. Click here for suggestions for finding a brokerage.

Every year following registration as a realtor, each person must complete six hours of mandatory continuing education offered by MREA.

Licencing Bodies and Organizations

There are two bodies responsible for licensing real estate agents in Manitoba:

  • The Manitoba Securities Commission (MSC)  is the body responsible for implementing the Real Estate Broker’s Act that creates the legal responsibilities of real estate agents

Manitoba Securities Commission – Real Estate Division

500-400 St. Mary Avenue

Winnipeg, MB R3C 4K5

T: 204-945-2562

F: 204-948-4627

http://www.msc.gov.mb.ca/real_estate/index.html

 

Manitoba Real Estate Association

1873 Inkster Boulevard

Winnipeg, MB R2R 2A6

T: 204-772-0405

info@MREA.com

http://www.realestatemanitoba.com/

Costs & Fees to get Licensed in Manitoba

The following is a breakdown of the fees that will be necessary to become a Realtor in Manitoba:

Course Fees
Description

Cost

Frequency

Notes

Basic LicencePhase Phase 1

$625

One time only

Required

Phase 2

$425

One time only

Required

Phase 3

$425

One time only

Required

Articling Phase Real Property Law

$395

One time only

Required

Principles of Appraisal

$395

One time only

Required

Licencing/Registration Costs
RECO E&O Insurance

$400

Annually

Required

MSC Licence Fee

$175

Annually

Required

CREA/MREA Registration

$400

One time only

Required

CREA/MREA Fees

$474

Annually

Required

Local Real Estate Board Registration

Dependent on area

One time only

Broker-dependent

Local Real Estate Board Annual Fee

Dependent on area

Annually

Broker-dependent

Additional Costs*                                                                                                                          
Franchise Fees

$150-400

Monthly

Broker-dependent

Advertising/Marketing

$250-500

Monthly

Optional

Smart Phone

$50+

Monthly

Optional

Computer

$500

As required

Broker-dependent

Car (budget $10,000)

Dependent on model

As required

Broker-dependent

Total Course Costs $2265
Total Required Costs to Start Your Business $4664 (one month/year)
Total Ongoing Annual  Costs $6449

*All Additional Costs are estimates.  GST and PST are in addition to all amounts.

Schools that Provide Real Estate Courses

Training in Manitoba is provided by the MREA. All of the courses are taken as home-study or online. There are no classroom programs.

For more information and to search MREA courses, please visit http://www.realestatemanitoba.com/education.htm/

Manitoba Real Estatein 3 Simple Steps

Basic License

Registering

Articling

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