If you a Real Estate Professional and are planning to become a Broker, then this is for you. We are here to give you the Exam Weightings for Real Estate Broker Course in Alberta with a clear understanding of who a Broker is in the Real Estate Industry and the Eligibility criteria to become a Real Estate Broker in Alberta.
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Who is a Real Estate Broker?
A Broker is one of the types of License Classes in Real Estate. A Broker is a person who owns a Brokerage. He is the highest in the hierarchy of the other Real Estate License Classes as Real Estate Agents and Professionals work for a Broker under a Brokerage.
What is the difference between a Real Estate Agent and A Broker?
The primary difference between a Broker and a Real Estate Agent is that of the qualifications and experience. The 4 Areas of Specialization in a Real Estate Practice – Residential, Commercial, Rural or Property Management. A person can become a Real Estate Agent if he has specialized in any one of the Real Estate Practice Areas (along with the mandatory Fundamentals of Real Estate Course, of course). A Broker on the other hand, has to complete all the areas of specialization in the Real Estate Practice and should have a significant experience as a Real Estate Professional in his tenure of being a Real Estate Agent.
Minimum Eligibility Requirements for becoming a Real Estate Broker in Alberta
There are 3 main criteria:
- Complete All the Real Estate Practice Areas in the Real Estate Associate Program, namely – Residential, Commercial, Rural or Property Management.
- Complete the Real Estate Broker Program
- A minimum 2 years of Real Estate experience in Alberta as a Real Estate Associate within the last 5 years of his tenure.
Exam Weightings for the Real Estate Broker Course
The Broker Course covers the detail understanding of all the Real Estate areas of specialization. A broker should have a through knowledge of all the areas. Only then he will be able to manage a Brokerage of his own with all kinds of Real Estate Associates working under his brokerage. It is a huge responsibility and thus, the criteria to pass the Broker’s Exam is designed to be difficult.
One needs to know the important topics that are relevant in the Broker’s Exam. We have identified the exam weightings for the Broker’s Course based on individual units and their weightings in the Alberta Real Estate Exam. Have a look –
Questions in the Exam
You can expect a total of 150 Questions in the Broker Exam by RECA. All the questions are multiple choice. The Exam duration is 3 hours. So, based on the basic math, you have around 1.20 minutes per question to be dedicate in the exam.
Passing the Exam
The Broker’s Exam is worth 150 Marks. To Pass the exam, you need a minimum score of 70% i.e., 105 marks in the exam.
This is all you need to pass your Broker Course in Alberta. Although, it is a difficult course as it requires expertise from all the real estate license programs, you can still pass the Broker’s Course in the first attempt. Becoming a Broker is the biggest career objective for a Real Estate Agent. Once you become a Broker, you have a number of career opportunities with a big team to back it up and shine successfully.
Know all your Career Opportunities as a Broker. You can become a Broker too. Start today!
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