Cost of Being a Brand New Real Estate Agent in Ontario: INCLUDING Marketing
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- Опубліковано 7 вер 2024
- Cost of Being a Brand New Real Estate Agent in Ontario. Definitely a questions I get all of the time. Right after how much does it cost to get your Real Estate licence in Ontario, now it’s onto how much does it cost to not just keep your licence, with Real Estate monthly, annual and bi annual fees, but including Real Estate Marketing costs here in Ontario.
In this video I’ll give you a really good idea of what we all have to pay to be Real Estate Agents after getting our Real Estate Licence here in Ontario as well as what to expect to spend monthly on 4 different Real Estate marketing campaigns. You will be surprised, one Real Estate marketing strategy I go over, actually pays you! Hope it helps! 😀👍
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Real Estate and Business are my passion but more than that just providing great client service. I started working with my partner in Real Estate late 2017 doing all of our lead generation, digital marketing, personal branding and follow up. I now have my Real Estate licence working with eXp Realty. Using everything I have learned over the past years, plus with an always learning mentality I can really help people in Real Estate. With this channel and the UA-cam community I'm hoping to meet some like minded people that I can hopefully connect with or maybe even do business with. 👍
If you have recently got your Real Estate Licence, started or thinking about getting it, reach out, let's grow! Email Me 👉 callummoorekw@gmail.com
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I am very grateful for all subscribers. Whether you're getting your Real Estate licence, Realtors, or just a friend or fan, thanks for watching! 😀
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"keep it simple" once again invaluable info for aspiring new agents up and coming. thank you Callum
Hey thanks for that Ryan! 🙏
thanks callum moore i finally passed my sim2 exam watching ur videos will definitely get in touch for recommending a brokerage
Beauty. Congrats on getting it done and reach out when ready. 👍 - callum.moore@exprealty.com - callummoorekw@gmail.com
Thank you for these videos, strongly considering taking the Humber course and you are helping greatly
No problem super glad they help Marc! 👍
Great video, Callum. I was just in the process of adding up the expected monthly expenses for when I get my license. Thanks!
Hah too good my man, great timing! I just Sub'd to your Channel. Can we remember I was the first!! 😄
Quick question: Whats the difference between monthly board and annual board fee? they seem like two difference type of fees.
Yea your board will also charge an annual fee. It's very small. IMO it's actually just confusing and not necessary. Your monthly will probably be around $100/mth and maybe your annual will be another $100-$200 per year. That's what mine is in Waterloo Region.
Hi Sir, you recommended the humber college for toronto residents.
I have three important queries to ask and will aprreciate your answer.
1- is it online these days ?
2- difference between sales person and broker course ?
3- once we get our education done and do not get license ( register with a firm ) , does the course have an expiry date and is it mandatory to get the license as soon as you get done with the course ?
Hey. Yes everything is online. To become a broker you have to be a salesperson/real estate agent for at least 2 years then you can write your broker exam. A broker can open their own brokerage firm. Once finished the preregistration you have 1 year before you have to join a brokerage and register.
@@CallumMoorekw really appreciated . thanks alot .
@@muhammadharis664 No problem. 👍
Which tool do you use for editing your UA-cam videos ?
Hey I use Final Cut Pro but I make most of my graphics in Keynote.
Hi Callum, thanks for another informative video! Question about the errors and omissions insurance, do you purchase it through your brokerage or go direct through an insurance company? thanks again
Hey glad it helped! In almost all cases your local real estate board will organize this payment before your RECO application is approved. 👍It will be prorated and after that you will pay it annually Sept/Oct.
@@CallumMoorekw perfect, thank you!
amazing content
Glad it helped Ammar! 👍
Hi Callum, do you have to choose a brokerage to work at before starting the course?
Hey no you don't. I usually recommend to at least start the search after Course 3.
Can we meet from brantford regarding course fee realestate
Hi Callum, Thank you for the video , it really gives a great perspective on what to expect on an ongoing basis after getting the licence in terms of expenses? I had one question I noticed in my readings : I read that sellers pay commission plus HST in Ontario but I never heard that a seller paid HST , so is this HST normally remitted to CRA by the sales person or the brokerage or both based on the commission split? Thanks.
Yes we as real estate agents do collect the HST very similar to most small businesses. So if a seller client is selling their home they are informed the commission is 5% + HST for example.
Glad the video helped as well! 👍
Hi Callum, thanks for your informative video. Just have a quick question, does the agent have the chance to always pay those amounts monthly, or has to pay some as annual payments, and the monthly numbers were just put to get a better-detailed look?
Glad the video helped! Yes some of those fees have to be paid annual. RECO fees, Insurance etc. have to be paid all at once.
@@CallumMoorekw Thanks a lot Callum, you have been always helpful.
Hey, is it mandatory for a person to be a PR of Canada to be able to learn the Humber real estate course and become a licensed realtor? Couldn't find an answer after a lot of research so asking here, sorry if it sounds silly 😂.please help me out here.
Hey no problem. Yes. In Ontario your have to be a Permanent Resident or Canadian Citizen to be a Real Estate Agent. I'm not a 100% in other provinces.
@@CallumMoorekw thankyou for the info 💯.
No problem @@vishweshkalyam395! 👍