I want to pick up my real estate license..mabey become a part time broker. Or at the very least not get ripped off when buying houses. I see real estate as a great investment...why pay rent when u can own n have roommates help pay ur mortgage. what books can u reccommend? whats the best way to do this in ontario? Thanks
You are wanting to do a number of things some you can do without a licence and others you must have one. 1) you can buy real estate and sell it without a licence. It must be you personally or you and a partner who buys it. If you do not reside in the property or if you buy it and sell it within 2 years you must pay capital gains tax. This is to stop people from flipping houses. as a business. 2) Real estate courses are offered at local colleges, universities etc. they are about $600.00 I'm not sure about Ontario but you must be referred by a real estate company. to take it. 3) a broker also requires a licence and you must have your real estate licence to get a brokers licence. There are many books available to advise people how to buy a home. and most Realtors will help you also. Canada has the Canadian Central Mortgage and Housing. it helps first time buyers to obtain 1st mortgages with only 5% down payment. Banks normally require a minimum of 10%. Talk to any real estate agent, they can advise you about courses, also the Ontario Real Estate Board will have information about dates, areas, costs etc of licencing courses.
