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Saskatchewan

Saskatchewan is the fastest growing province in Canada and it features two main cities, Regina and Saskatoon are its regional economic hubs.. Real Estate licences here are regulated by the Saskatchewan Real Estate Commission (SREC). All education and required courses that are required to obtain a licence are provided by the Association of Saskatchewan Realtors (ASR).

How to get a Real Estate Licence in Saskatchewan

Licencing Prerequisites

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

  1. Be a landed immigrant or have lived in Canada for at least 12 months.
  2. Be at least 18 years of age.
  3. Have an Saskatchewan post-secondary school diploma or equivalent
  4. Complete a criminal record check
  5. Completed their educational curriculum through SREA within one year

Getting the Licence

There is a two-part licensing process in Saskatchewan:

  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 12 months of each other, along with an exam;

  1. Phase 1 – Real Estate as a Professional Career
  2. Phase 2 – Residential Real Estate as a Professional Career; OR,
  3. Phase 2 – Commercial Real Estate as a Professional Career; OR
  4. Phase 2 – Farm Real Estate as a Professional Career

You have 6 months after completing Phase 1 to complete a Phase 2 course.

See the Costs & Fees section for more details.

 

Part 2 – Articling Phase

Within two years after completing the Basic Licence, the prospective realtor must have registered with a real estate brokerage. Click here for suggestions for finding a brokerage. This is when the application for licensing is made.

Each year, a realtor in Saskatchewan must complete a required course provided by ASR as part of Continuing Professional Development.

Licencing Bodies and Organizations

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

Saskatchewan Real Estate Commission

237 Robin Crescent

Saskatoon, SK S7L 6M8

T: 1-877-700-5233

T: 306-374-5233

F: 306-737-2295

http://www.srec.ca/

 

  • The Association of Saskatchewan Realtors (ASR) has been given the responsibility for managing the educational requirements to obtain a real estate license.

Education Department

Association of Saskatchewan Realtors

2811 Estey Drive

Saskatoon, SK S7J 2V8

T: 1-877-306-7732

T: 306-373-3350

F: 306-373-5377

info@saskatchewanrealestate.com

http://www.saskatchewanrealestate.com/

Costs & Fees to get Licensed in Saskatchewan

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

Course Fees
Description

Cost

Frequency

Notes

Basic LicencePhase Real Estate as a Professional Career

$1026

One time only

Required

Residential Real Estate as a Professional Career

$682

One time only

Required

Examination fee

$155

One time only

Required

Licencing/Registration Costs
E&O Insurance

$275

Annually

Required

Licence Fee

$330

Annually

Required

Real Estate Assurance Fund Levy

$100

Annually

Required

CREA/ASR Registration

$400

One time only

Required

CREA/ASR 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 $1863
Total Required Costs to Start Your Business $4392  (one month/year)
Total Ongoing Annual  Costs $6579 Annually

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

Schools that Provide Real Estate Courses

Training in Saskatchewan is provided by through ASR. All courses are available for home study, although the ASR does hold some classroom sessions.

The required courses are provided in classroom at locations in Regina and Saskatoon. These locations are searchable on the ASR website and vary depending on the date and available venues

For more information and to search ASR course schedules, please visit http://www.saskatchewanrealestate.com/members/become-an-agent/getting-started

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