February 25, 2013 Leave a comment
The Real Estate Council of Ontario (RECO) is set to introduce a new online mandatory continuing education program that it says will provide significant benefits to registrants.
The courses will be administered and delivered directly from RECO, a move that has riled the province’s third-party education providers.
Set to start August 1, the new program represents a complete overhaul of the current system in terms of content, structure, price and how courses are delivered. The new course material has been limited to focus strictly on consumer protection, regulatory matters and current industry issues. These courses will be delivered in an online format only.
The entire continuing education program, which will be phased in over a two-year period, will cost registrants a mere $44 for the whole two-year cycle. RECO says this low fee is based on the fact that it is delivering the entire program online and that it is a not-for-profit organization working strictly on a cost-recovery basis.
This marks a significant departure from the current system where approved third-party education providers offer courses in several real estate, business and technology related subjects, and deliver these courses not only online, but also through correspondence and in a classroom setting.