Real estate licensing changes
Realizing the need for real estate education that emphasizes consumer protection and the development of increased skills and knowledge, a new integrated learning system for real estate licensing education was recently introduced in Canada. The new system, spear-headed by the Real Estate Associations Across the country, recognizes the need to standardize learning across all provinces and incorporates innovative techniques, new program designs and diverse delivery systems.
Already serving as a model for other provinces, Ontario’s new system includes a Real Estate Encyclopedia and CD Rom (which integrate all textbooks and materials into one easy-to-use resource), course changes and a new curriculum. The system places an emphasis is on multi-media communication and hands-on learning.
Keeping standards high
Public expectations of the real estate profession today are higher than ever. Ontario’s new approach to real estate licensing education and emphasis on ongoing educational development by real estate practitioners continue to uphold the profession’s commitment to fair dealing and high integrity. The individual receiving his or her real estate license today has been through an intensive process of interactive learning, self-study, and examination. People are going into real estate today with everincreasing levels of education. A recent U.S. study showed that 30 per cent of people entering the real estate profession had a college degree and 20 per cent had a graduate degree.
The purchase or sale of property is a business transaction of tremendous complexity. There are distinct advantages to having a REALTOR® who is well-educated, knowledgeable, experienced, and sincere. A REALTOR® also has access to an array of services, including the Multiple Listing Service, which can provide you with instant, thorough and accurate information on properties that might interest you or issues that concern you.
If you are selling, a REALTOR® will not only fairly assess your property but listen to you and develop a marketing plan that best meets your needs. He or she will give you tips on how to improve the marketability of your home and make a first good impression to potential buyers.
If you are buying, a REALTOR® will act as an intermediary and help you deal at arm’s length with potential vendors. He or she will assess what you can realistically afford, target appropriate neighborhoods, provide facts on the costs of running a home and what to look for when considering a particular property.
A REALTOR® can also provide you with a list of lenders, lawyers, mortgage brokers and other professionals whose expertise you may require completing a real estate transaction. In addition, he or she can help you evaluate all the mortgage options available today to help you obtain financing at the most attractive prevailing rates and terms.