After you have completed Module 4 or during your work on the program, you will need to find a real estate employer or firm that meets your needs in terms of size, location, method of operation, future opportunities, etc. Our office has a bulletin display of brokerages who are recruiting new salespeople; feel free to come in the office and take a look. 

 

Once you’ve started your new career, work hard and learn as you go. What you put into your business, is what you get out of your business.  To gain experience, learn from the people around you.  Ask questions.  Your broker would much rather tell you what you should do, rather than what you should have done.

 

You are essentially starting your own business venture; therefore, it is important to have enough funds to meet all your financial needs until you start receiving regular commission income.  Even when a sale is made, funds are not released until after possession date, therefore a commission cheque could take several months to arrive.

 

To begin, there are some up-front costs associated with becoming a real estate practitioner, in addition to the licensing education costs.

 

These include:

 

  • Licensing fees with The Manitoba Securities Commission. 

  • If you are employed by a broker who is a member of a real estate board or association, there are additional fees:  board or association dues, a one-time initiation fee for the MREA REALTOR® Security Program, plus levies for the MREA Reimbursement Fund and for the Errors and Omissions Insurance Program.  

  • Keep in mind that there are ongoing business expenses which must be met – transportation, clothing, cellular phone, and desk fees, to name a few.