Steps to become a REALTOR® in NB
Step 1: Introduction to a Career in Real Estate
The Introduction to a Career in Real Estate course is a pre-requisite online course available in English and French that provides you with the information you need to make an informed decision whether or not to pursue a career in real estate. The course is through a partnership with NBREA and the New Brunswick Community College—Saint John. The cost of this course is $175 + HST and you register online with NBCC-SJ here.
Step 2: Salesperson’s Pre-Licensing Education Course (Self-Directed Study)
The Salesperson’s Pre-Licensing Education Course is designed to introduce the new salesperson to the real estate industry and prepare them to write the qualification exam.
The self-directed study option is designed to facilitate the participation of potential members where the classroom schedule does not meet their needs. The participant purchases the course and then studies the materials at his/her pace.
In addition to completing the material at your own pace, all Self-Directed Study students are required to attend the Practicum. The Practicum is eight (8) sessions delivered over four (4) days by a combination of live webinars and online content.
The Practicum portion of the Salesperson Pre-Licensing Education (PLE) course is held once a month, usually the third week of the month. The Practicum must be completed in order to qualify to write the PLE exam.
How to Register:
The Practicum is subject to pre-registration. Call the Office Coordinator at 506-459-8055 or email email@example.com to register for the Practicum session you would like to attend. You must register by the week prior. Please note that we now offer the Practicum in French. Please call the office to inquire about the dates. The dates for the English practicum can be found here.
Once you have completed the Practicum, you are eligible to take the PLE exam. The exam is given the week following the practicum, subject to pre-registration with the Office Coordinator. Call 506-459-8055 or email: firstname.lastname@example.org.
Current tuition for the Salesperson’s Pre-Licensing Education Course through Self-Directed Study is $2,650 + HST. This fee includes all course materials and the administration and correction of the exam at the end of the course.
Students will have one year (1 year) to complete their course from the date of registration. Register for the self-directed study course HERE
Refund Policy: Should you choose to cancel your registration, you must submit a written request to the Education Officer. Refunds will be approved based on the following schedule:
|1-10 Calendar days from date of payment||FULL REFUND|
|11-20 Calendar days from date of payment||75% of tuition refunded|
|21-30 calendar days from date of payment||50% of tuition refunded|
|More than 30 calendar days from date of payment||NO REFUND|
*New member fees tables can be found by logging into the MPower member portal.
Step 3 – The Examination
At the end of the Salesperson’s Pre-Licensing Course, you will be required to write an exam online in-person. The pass mark for the exam is 75%. Anyone who fails the exam may rewrite once, within six (6) months (rewrite examinations can be scheduled through the NBREA office). Before rewriting the exam a third time, students must pay a fee of $1,325 (half of the PLE course).
Note: Students who retake the course ($1,325 and unsuccessfully write the exam four (4) times must wait a period of one (1) year before retaking the course for a third time or request a waiver from the Committee of Examiners.
Step 4 – Becoming Licensed to Trade in Real Estate
Company—In order to receive your licence after successfully completing the exam, participants must be registered with a licensed real estate company. We suggest you contact various companies in your area of choice, before or after writing the examination, to discuss working arrangements.
NBREA Membership—Once you have determined which licensed real estate company you will work for, you can obtain your membership with NBREA. Click here to complete the New Member Form. Once this form (and your membership dues) are received, NBREA will make recommendation to the Financial and Consumer Services Commission for your licence.
Financial and Consumer Services Commission Licence—The Commission requires applicants to complete a licence application, pay the licensing fee and submit to a criminal record check. For more information please contact them directly at (506) 453-2322.
Local Board Membership—The Local Real Estate Boards are responsible for administering access to the Multiple Listing Service® (MLS®) System, lock boxes and other supplies. For more information on joining a local real estate board and their associated fees, please contact one of the following:
|Northern and Valley Regionsemail@example.com|
Step 5 – Licence/Membership Maintenance
NBREA requires all members to complete Mandatory Continuing Education (MCE) each year. The MCE course is determined by the Committee of Examiners and approved by the Financial and Consumer Services Commission. Anyone who holds a real estate licence, whether it be salesperson, manager or agent, must take their required course(s). Members licensed as Agents or Managers may have an additional course which must also be completed each year.