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Newfoundland

Newfoundland is the Eastern-most province in Canada and with its capital in St. John’s. Real Estate licences here are regulated by Service Newfoundland. Education and examinations are provided by Newfoundland and Labrador Association of REALTORS® Inc (NLAR).

 

How to get a Real Estate Licence in Newfoundland

Licencing Prerequisites

The candidate must:

  • be at least 19 years of age;
  • successfully complete the necessary course;
  • complete the required licensing application;
  • satisfy the bonding requirement;
  • submit the appropriate licensing fee; and
  • be employed by a licensed broker.

Getting the Licence

A candidate applying for a realtor’s licence in Newfoundland must successfully complete the Real Estate Salesperson’s examination. The examination is held at the conclusion of a self-study period where the candidate takes the pre-licencing course.

Part 1 – Pre-licencing and examination

To receive a Basic Licence, you are required to complete the pre-licencing course and examination within 12 months of beginning the following pre-licencing course:

  • Fundamentals of Real Estate

See the Costs & Fees section for more details.

 

Part 2 – Receiving the Licence

Within two years after completing the pre-licencing course, the prospective realtor must have completed the remaining licence requirements. This includes completing the licence application with Service NL, satisfy the bonding requirements, submit the appropriate licencing fee and be employed by a licensed broker. Click here for suggestions for finding a brokerage.

•        NLAR is working toward implementing a mandatory continuing education program to maintain a realtor’s licence.

Licencing Bodies and Organizations

There is one body responsible for licensing realtors in Newfoundland:

  • Service Newfoundland is the body responsible for implementing the Real Estate Trading Act that creates the legal responsibilities of real estate agents

Service NL

P.O. Box 8700

St. John’s, NL A1B 4J6

1-709-7294834

servicenlinfo@gov.nl.ca

 

 

Newfoundland and Labrador Association of REALTORS® Inc

Education Department

28 Logy Bay Road

St. John’s, NL A1A 1J4

Office: 709-726-5110

Fax: 709-726-6866

education@nlar.ca

Costs & Fees to get Licensed in Newfoundland

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

Course Fees
Description

Cost

Frequency

Notes

Pre-licencing Fundamentals of Real Estate

$1500*

One time only

Required

Licencing/Registration Costs
Service NL Licence Fee

$100

Annually

Required

CREA Registration

$400

One time only

Required

CREA Fees

$474

Annually

Required

Local Real Estate Board Registration

Dependent on area

One time only

Broker dependant

Local Real Estate Board Annual Fee

Dependent on area

Annually

Broker dependant

Additional Costs*                                                                                                                         
E&O Insurance

$400

Annually

Required

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 $1500
Total Required Costs to Start Your Business $3824 (one month/year)
Total Ongoing Annual  Costs $6374

*All Additional Costs are estimates.  Taxes are in addition to all amounts.

Schools that Provide Real Estate Courses

Training in Newfoundland is provided by the Newfoundland and Labrador Association of REALTORS® Inc (NLAR).

The required course, Fundamentals of Real Estate, is provided by NLAR via self-directed courses of home study.

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