| ||EDUCATION PROGRAMS |
1. The Introduction to a Career in Real Estate 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 Campus.
The cost of this course is $125.00 and you register online with NBCC-SJ here.
2. The Salesperson's Pre-Licensing Education Classroom Course is designed to introduce the new salesperson to the real estate industry and prepare them to write the qualification exam. The course includes approximately 100 hours of classroom instruction and requires that registrants complete several ours of preparatory readings. The course is offered in both French and English in several areas of the province throughout the year. Classes are cheduled in three week blocks. Participants must also complete two online courses: Agency Fundamentals and Risk Management for Errors and Omissions insurance prior to licensing.
Click here to view the current Salesperson's 2013 Pre-Licensing Education course schedule.
Click here to view and download the classroom course application form which you can complete and return by Fax to NBREA.
Click here to view the classroom welcome document.
Current tuition for attendance at the Salesperson's Pre-licensing Classroom course is $2,450 plus HST, payable to the New Brunswick Real Estate Association. The fee is non-refundable after the application deadline date and full payment must be received to reserve your seat. This fee includes all course materials and the administration and correction of the exam at the end of the course (shipping charges are additional to have materials delivered).
The Salesperson's Pre-Licensing Self-Directed Study Course is designed to facilitate the participation of potential members who for whatever reason the classroom schedule does not meet their needs. The participant purchases the course and then studies the materials at their pace. When they are ready to take the exam, they call the NBREA office and schedule to take the exam during one of the scheduled exam dates. Participants must also complete two online courses: Agency Fundamentals and Risk Management for Errors and Omissions Insurance prior to licensing.
Click here to view the current Salesperson's Pre-licensing Education Self-Directed course application form which you can complete and return by Fax to NBREA.
Click here to view the classroom welcome document.
Current tuition for attendance at the Salesperson's Pre-licensing Self-Directed Study course is $1950 plus HST, payable to the New Brunswick Real Estate Association. Click here to view the Refund Policy. This fee includes all course materials and the administration and correction of the exam at the end of the course (shipping charges are additional to have materials delivered). At the end of the Pre Licensing Course you will be required to write an exam. The pass mark for the exam is 75%. Anyone who fails the exam may re-write once, within six (6) months, at a charge of $100.00 plus HST.
Course Materials - Course materials are the intellectual property of NBREA which updates course material on a regular basis. Course materials cannot be returned to NBREA for refund and cannot be resold to prospective students. This is to ensure version control and consistency in meeting regulatory requirements.
The following information will help guide you through the process of becoming a real estate salesperson in New Brunswick.
Obtaining Your Licence
Licences are issued by the New Brunswick Department of Justice and Consumer Affairs in accordance with the NB Real Estate Agents Act upon recommendation from NBREA. Three different classes of licence are available: an Agent's licence, a Manager's licence and a Salesperson's licence. All licences require that the applicant attend a prescribed pre-licensing course offered by NBREA and successfully complete an examination at the end of the course. The salesperson's licence is the entry level licence. Applicants for a Manager's licence or an Agent's licence must have a minimum of two years experience as a salesperson before they can attend the Agent/Manger's pre-licensing course and complete the accompanying examination. Alternatively, an individual who has not held a salesperson's licence but has acquired experience in the real estate industry through some other means may apply to Department of Justice and Consumer Affairs for a waiver of the experience requirement. If a waiver is granted the individual may then enroll in the appropriate education program in preparation of writing the examination and obtaining an agent or manager's licence.
To obtain a Salesperson's licence in New Brunswick, you must:
- Be at least 19 years of age;
- Be a citizen of Canada or have the status of a permanent resident of Canada
- Complete the mandatory Pre Licensing Course and pass the prescribed exam. Once you have successfully completed the exam you will have up to twelve months to obtain membership in NBREA and apply for a licence
- Be hired by an agent (real estate firm), in NB you cannot hold a salesperson's licence by yourself – you must be affiliated with an Agent who is your employer.
- Forward a completed NBREA membership application form to the Association and pay all applicable fees
- Obtain mandatory Errors and Omissions insurance from NBREA.
- Agree to abide by all NBREA rules and regulations and the NBREA By-Law
- Be recommended for licensing to the Consumer Affairs Branch of Department of Justice and Consumer Affairs by NBREA
- Submit a licensing application and pay the applicable licensing fee to Department of Justice and Consumer Affairs
- Submit to the jurisdiction of the New Brunswick courts and provide an address for legal service in the province
Suitability for Licensing
The Real Estate Agent's Act provides for all applicants to be assessed for suitability prior to a license being granted. Having a criminal record or having filed for bankruptcy, for instance, do not immediately disqualify the applicant but the Minister may determine, after investigation that the person is not suitable. If you have any concerns about your suitability for licensing you should contact the Department of Justice and Consumer Affairs at 506-453-2322 to confirm that you qualify for a license prior to attending the appropriate licensing course.
Membership in the New Brunswick Real Estate Association
You must be a member in good standing of the New Brunswick Real Estate Association (NBREA) before you apply for a real estate licence. NBREA members must also obtain membership in the Canadian Real Estate Association (CREA). Annual membership dues and initiation fees apply to both memberships and must be fully paid before the prescribed deadlines. Information about the national association is available here.
Errors and Omissions Insurance
New Brunswick has joined the other Atlantic Provinces and Manitoba as members of the Real Estate Insurance Alliance (REIA) and all members of NBREA must purchase REIA Errors and Omissions insurance as a condition of licensing. Members who fail to obtain this insurance before the prescribed deadlines will have their membership and license suspended.
Members who leave the industry after paying their E&O insurance premium cannot have their premium returned because the insurer might be later called upon to pay a claim that originated prior to their leaving. In addition to the annual premium all new members will be required to pay a one-time initiation fee.