Fee Structure

real estate fees

 

Costs & Fees to get licensed as a Realtor in Alberta

The following is an approximate breakdown of the associated costs to becoming a licensed real estate agent in Alberta. You can read more by clicking here.

Course Fees
Description

Cost

Frequency

Notes

REAP Phase 1 Introduction to a Career in Real Estate

Free

One time only

Required

REAP Phase 2 Fundamentals of Real Estate

$1500

One time only

Required

REAP Phase 3 Real Estate Areas of Practice

$615

One time only

Required

Licencing/Registration Costs
RECA E&O Insurance

$275

Annually

Required

RECA Licence Fee

$450

Annually

Required

RECA Assurance Fund Levy

$100

One time only

Required

CREA/AREA Registration

$100

One time only

Required

CREA/AREA Fees

$110

Annually

Required

Local Real Estate Board Registration

Dependent on area

One time only

Broker-dependent

Local Real Estate Board Annual Fee

Dependent on area

Annually

Broker-dependent

Additional Costs*                                                                                                                         
Franchise Fees

$150-400

Monthly

Broker-dependent

Advertising/Marketing

$250-500

Monthly

Optional

Smart Phone

$50+

Monthly

Optional

Computer

$500

As required

Broker-dependent

Car (budget $10,000)

Dependent on model

As required

Broker-dependent

Total Course Costs $2115
Total Required Costs to Start Your Business $4100  (one month/year)
Total Ongoing Annual  Costs $6235

*All Additional Costs are estimates.  GST is in addition to all amounts.