All industry professional authorizations expire on September 30 each year. To remain authorized, real estate, mortgage brokerage, real estate appraisal, and property management professionals must renew on or before September 30.
Renewal applications begin and are processed through myRECA.
Brokers – RECA notifies brokers when they can begin renewing their broker and brokerage licences through their myRECA accounts, usually in mid- to late- August. Brokers renew by clicking the Renew button under the My Brokerage tab. Associates and associate brokers in the brokerage are unable to renew until the broker renews the brokerage. RECA usually gives brokers an additional week to renew before notifying the rest of the industry that renewals have started. Brokers will know their brokerage is renewed when the circle next to their brokerage licence turns green.
Real estate appraisers – RECA notifies appraisers when they can begin renewing their licence, usually in mid- to late- August. Appraisers renew by clicking the Renew button under the Licensing tab, following the steps, and paying their fee. They’ll know they’re renewed when the circle next to their licence turns green.
Associates and associate brokers – RECA notifies associates and associate brokers when they can begin renewing their licence, usually one week after RECA notifies brokers. Associates and associate brokers renew by clicking the Renew button under the Licensing tab, following the steps, and paying their fee. They will know they’re renewed when the circle next to their licence turns green. Associates and associate brokers cannot renew until their broker has renewed the brokerage licence.
Real estate professionals, including property managers, who wish to continue to practice in commercial real estate or property management (including all brokers and associate brokers) must complete the Real Estate Update 2018 course. To enroll in the course, log in to your myRECA account and go to the Education tab. You’ll find the course in the Course Catalogue.
Real Estate Update 2018
This course deals with real estate investment analysis. It includes topics such as:
We estimate Real Estate Update 2018 will take professionals 4-6 hours to complete; it’s available online through your myRECA account. To access the course, login, go to the Education tab, select Course Catalogue from the left menu, and click enroll beside Real Estate Update 2018. Once complete, myRECA will update your education status, allowing you to retain your commercial and property management authorizations after you renew in September.
Real Estate Re-Licensing Education Programs Under the Real Estate Licence Model
Under the real estate licensing model launched in June 2015, real estate associates can choose the areas of real estate practice they wish to license in (residential, commercial, rural and/or property management) and only complete the pre-licensing courses for those areas of practice. In 2016, RECA began launching separate real estate REP courses for specific practice areas.
This change could create an issue for real estate professionals licensed in several areas of practice. In the future, they could potentially have to complete four separate REP courses in order to renew, even if they do not actively practice in one or more of those practice areas. To resolve this issue, current real estate professionals will have the option to remove areas of practice from their licence prior to renewal. Real estate professionals would have the option to re-license in those areas within 36 months without having to complete the pre-licensing education.
I’m an existing professional licensed in several areas of practice. How will this affect me?
It means that, if you want to stay licensed in several or all areas of real estate practice, in some years, you may have to complete multiple real estate REP courses. To accommodate existing professionals who may be licensed in several areas of practice but do not actively trade in all of those areas, RECA will give real estate professionals the option to remove areas of practice from their licence during at renewal.
Once I remove an area of practice from my licence, can I re-license in that area?
Yes. If, within 36 months, you decide to return to an area of practice you previously removed from your licence, you can do so by completing any REP courses for that practice area that were required during your absence from that sector of the industry. Sectors will automatically be added to your licence upon completion of the outstanding REP courses.
If you wish to return to an area of practice, but it has been more than 36 months, you will have to complete the pre-licensing education for that sector prior to renewing.
I’m an associate broker, will I have to complete REP for every real estate practice area in the future?
Yes. Associate brokers have all of the education and experience necessary to be a broker, but do not have their own brokerage. In order to retain your associate broker licence class, you will have to complete all real estate REP courses, in all real estate sectors, whenever RECA offers them. If you do not complete all of the necessary courses, myRECA will change your licence class to associate. You’ll have the opportunity to return to associate broker status by completing any missing real estate REP courses within a 36 month period.
How do I find out what areas of practice are on my licence?
Log on to your myRECA account and go to the Licensing tab. In your licence dashboard you’ll see your areas of practice next to Licence Authorizations.