REALTY EXECUTIVES SASKATOON

PROCESS TO BECOME A LICENSED REAL ESTATE AGENT

1. Obtain Phase I:

Real Estate as a Professional Career from the UBC Sauder School of Business located online at www.realestate.ubc.ca/sask
Phase I Cost is $1,499.00

For questions or assistance please contact UBC Sauder Real Estate Division:
Phone: 1(888) 776-7733
Email: saskinfo@realestate.sauder.ubc.ca

Courses include manual, workbook, digital flashcards, practice questions, access to Course Resources website, tutor service by phone and email, and first regularly scheduled exam registration.

2. Obtain Phase II:

Residential Real Estate as a Professional Career – cost is $899.00.

Obtain Phase II – Commercial Real Estate as a Professional Career – cost is $899.00.

Obtain Phase II – Farm Real Estate as a Professional Career – cost is $899.00.

Total Cost for Phase II is $2,697.00

There will be 5 regularly scheduled examinations per year in Saskatoon in February, April, June, September, and December. Note: Picture identification will be required.

All four courses must be completed within 2 years from the date of purchase of Phase I. Costs for subsequent examinations is $250.00.

3. After completing Phase I and Phase II (Residential, Commercial, Farm):

All individuals making an initial application to the Saskatchewan Real Estate Commission must provide the Commission with a Criminal Record Check by fingerprint comparison with their application for registration.

For Criminal Record check pick up form at Police Station. Cost is $45.00 to check database and $30.00 for fingerprinting.

Broker sponsorship is not required to complete Phase I and Phase II education.

4. New students have two years (from initial phase 1 registration) to complete all courses and exams in their stream. In order to be registered under the Saskatchewan Real Estate Act, an applicant must successfully complete both Phase 1 and Phase 2 of the Commission’s education program.

The Saskatchewan Real Estate Commission is located at:
237 Robin Crescent, Saskatoon
Ph: (306) 374-5233
Website: www.srec.ca

Fees for a new applicant who has never been registered to trade in Real Estate are:

5. New Member Joining Fees are:

Saskatchewan REALTORS® Association
$900.00

Canadian Real Estate Association
$200.00

Saskatchewan REALTORS® Association Annual Membership Fees (pays for SRA & CREA)
$825.00 & $285.18 as this is pro-rated by 1/4 year. Pending time of year, this will be $2023.05 – $1385.18.

Break down of the SRA/CREA Annual Fees are below:

SRA Annual fee   $375 

CREA Annual Fee  $310.00 – $77.50  prorated by ¼ of year.   THIS IS THE ONLY ONE THAT FLUCTUATES due to Prorated.

Secure Security Single Sign on  $30.00

SRA Annual AD levy $20.00

SRA Annual Lockbox Levy $90.00

TOTAL Breakdown below..  for Starting costs.

Education Phase 1  $1499 

Education Phase 2  Residential $899 

Education Phase 2  Farm $899 

Education Phase 2  Commercial $899

Criminal Record Check $75

SRA Join fee  $900

CREA Join Fee $200

SRA/CREA Annual fees  $825.00/$285.18 

$1499 + $899 + $899 + $899 + $75 + $900 + $200 + $825 = $6196.00          From Jan – March 31^st

$1499 + $899 + $899 + $899 + $75 + $900 + $200 + $217.50 = $5588.50    From Nov 1 – Dec 31^st  

NOTE: A provisional membership is granted in the SRA pending completion of the Board’s “New Member Course” which is held four (4) times per year.

Failing to attend or successfully complete the next available “New Member Course” will result in a no-show fee of $500.00 and may result in a license suspension until the requirement is met. Course duration is 5 days. A $100.00 keypad deposit must also be paid.

6. Continuing Professional Development:

This required course must be completed by all registrants from Jan1 to May 31, annual fee is subject to change.

7. Note: Annual membership for SRA is prorated according to start date.

If Real Estate is the career your are seeking, we hope that you will join our team of Executives