Canada's Condominium Magazine

RECO announces new education provider for Ontario realtors

The Real Estate Council of Ontario (RECO) has announced the winner of its RFP for a new Registration Education provider. The regulatory body will inaugurate its new program for salespersons beginning in 2020, ending its long-standing relationship with the Ontario Real Estate Association (OREA) which has provided the service through its Real Estate College for over sixty years. In a statement, the OREA college promises to work with the new education provider during the transition for the benefit of both realtors and consumers. CEO Tim Hudak commented that the organization will “aggressively” work to help realtors by pushing for higher standards in the profession. Students will be allowed to continue in the OREA Registration Education Program until December 31, 2020.

The new provider is a consortium of Humber College Institute of Technology & Advanced Learning (Humber College) and NIIT Canada. Humber College was established in 1967 and now offers programs to over 29,000 full-time students. NIIT Learning Solutions (Canada) is a subsidiary of NIIT Limited, a provider of multi-disciplinary learning management and training delivery to institutions and corporations in over forty countries.

OREA’s contract to provide real estate registration education in Ontario will end in 2020.

Strong registration education provides registrants with the fundamentals of trading in real estate. The New Program will enable aspiring registrants to be more practice-ready when they enter the profession and fulfil their duties and obligations in providing consistent high-quality service to consumers.

Calling the selection a “milestone,” RECO says it comes after a four-year process of research and consultation with the real estate profession, education providers and regulators, publication of a white paper on RECO’s vision for the education program, and the issuing of an RFP. RECO was assisted in its search by global consulting firm Deloitte Inc.

Anyone wishing to become a registered real estate agent in Ontario must complete the registration education program, which teaches the fundamentals of trading real estate. According to RECO, the new program will enable aspiring registrants to be more “practice-ready” when they enter the profession and provide high-quality service to consumers.

The new program, which will be available across Ontario in physical and virtual classrooms, and via eLearning. Among its many advantages, says RECO, will be new learning paths that will follow the flow of a real estate transaction, providing students with a practical understanding of every aspect of a real estate trade.

Virtual classroom learning will be part of the new education program offered by Humber College and RIIT for RECO.

It will also leverage innovative technologies for course delivery, such as augmented reality (computer based interactive learning) that emulates real-life activities of the salesperson. Simulation sessions will assess students’ application of the new program content where they can practice elements of a transaction in a structured and interactive classroom environment, in preparation for providing compliant and high-quality service to consumers.

Other Popular Stories

Living happily ever after in a condo: Top 5 “Happiness Factors” to consider before buying a condo; it’s not what you think

Living happily ever after in a condo: Top 5 “Happiness Factors” to consider before buying a condo; it’s not what you think

The condominium market is increasingly the go-to choice for urban dwellers, with the price of detached houses now out of reach for many. Condo living have distinct advantages in this hot market. It also has its own unique issues, starting with how to find a reputable builder/developer management company — and the 4 other “Happiness…

Social housing crisis — With a wait list of 181,000, what help is in sight for the proposed shut down of 1000 TCHC units?

Social housing crisis — With a wait list of 181,000, what help is in sight for the proposed shut down of 1000 TCHC units?

The pending Rental Fairness Act attempts to protect the 1.2 million rental householders in Ontario. But there are 181,000 people on the social housing waiting lists in Toronto alone that apparently have no relief in sight — with Toronto’s plan to shut down another 1000 units. The Ontario government may not be directly responsible for…

Rental Fairness Act: Act of kindness, or barrier to affordable housing? Either way, it will change everything for renters.

Rental Fairness Act: Act of kindness, or barrier to affordable housing? Either way, it will change everything for renters.

With 1.2 million rental households in Ontario, frequently rented from condo-owners, the stakes are high for Ontario residents in a “fairness” rental act. Ontario is following through on their announcements of rent control reform. A news release from Ontario’s Ministry of Housing makes it clear The Rental Fairness Act, 2017, is a coming reality. It’s safe…

SHARE WITH US

Subscribe to condo.ca

@ 2017 condo.ca  |  Designed by Persona Corp