Real Estate License
How do I become a licensed Real Estate Salesperson?
How do I become a licensed Real Estate Agent (Broker)?
To qualify as a licensed Real Estate Agent or the Designated Representative of an Agent which is a corporation or partnership, an individual must take the licensing course offered by the Prince Edward Island Real Estate Association (PEIREA), pass the associated exam and have been a licensed Salesperson for at least two years. You may contact the PEIREA to obtain information on the course at www.peirea.com.
In addition, an Agent must maintain a $5,000 bond. The current fee for licensing or renewing a license is $300 for a two year term.
What are the requirements for non-resident applicants?
Salespersons and Agents whose qualifications meet or exceed our provincial requirements will be exempt from the applicable course/examination requirements outlined above.
However, all non-resident applicants will be required to take the Provincial Examination offered by the PEIREA and pass the associated exam.
An Agent must maintain a permanent office in the Province. In addition, a trust account and books and records pertaining to provincial transactions must be maintained in the Province.
To make an application for a license contact the Insurance and Real Estate Section of the Consumer, Labour and Financial Services of the Department of Justice and Public Safety.