Your Training Requirements 101
To assist with the 2020 REA CPD annual requirements we have put together a comparison chart to clarify what course(s) you will need to take.
We hope that this chart will provide the clarity in helping you know what your annual requirements are in accordance with the 2008 REA Act.
Please let us know if this helps or can be improved in any way, this is here to reduce confusion, not add more! :-)
In 2020 (as was in 2019) the old "one-size fits all" 10 hour course has been replaced but this year it is replaced by two 2-hour required mandatory courses and 6 hours of required elective courses (essentially a list of required courses you can pick and choose from).
What hasn't changed is the need to take 10 hours of non-verified training like in the years before.
So without further ado, here is the comparison chart which should help you understand which courses you need to take by 31 December 2020 in order to maintain your REA certified real estate license.
NOTE: We are aware that several of you have only completed the 2019 CPD 5 hour mandatory course and not the additional 5 hours of required CPD elective courses that needed to be completed 31 Dec 2019. You may have to contact the REA to request an extension.
|Bundles (to save money compared to individually buying the courses)|
This purchase includes the two 2-hour required REA mandatory courses and 6 hours of required REA elective courses.
|2020 REA 10+10
This includes the two 2-hour required REA mandatory courses, 6 hours of required REA elective courses, AND the 10 hours of non-verified courses to meet the complete 20 hour training requirement.
This course is for real estate agents that allowed their license to expire or suspend them before 2020 and are required by the REA to take this course to get their licensing back to being active
|2019 REA (AML only)
(NEW AGENTS ONLY) For those that just recently got their license, the 20 hour training requirement doesn't apply. However, that said, the AML course is a legal requirement that went into effect 1 January 2019 and holds all real estate agents accountable. So for those not needing the 20 hours training and not taking the 5 hours mandatory, you will need to at the very least purchase this course (which is included in all the other packages)
|2020 REA Verified two 2-hour required Mandatory courses (Ethics and Buyer Experience)
For those who either have received their elective and non-verified training elsewhere, but still need to take the mandatory 4 hours, (Ethics and Buyer Experience), this is for you.