The FRI (Fellow of the Real Estate Institute) designation is Canada's most established real estate designation and is awarded to less than 5% of today's Real Estate professionals. Holding the FRI signifies a real estate education that meets and exceeds licensing requirements PLUS experience that assures a practitioner with knowledge, not just information. FRI members are governed by the Institute's Code of Professional Conduct. FRI Designation Course requirements include:
- Canadian Real Estate Law
- Canadian Contract Law
- Real Estate Investment Analysis
- Real Estate Valuation
- Ethics & Business Practice · Consumer Behavior & Negotiating
- Urban Geography (university)
- Micro & Macro Economics (university)
- Five years minimum of credible Real Estate experience.
What does the FRI mean to the public?
The FRI designation is the Public's assurance that they are dealing with an individual who has a made a career commitment to Real Estate. The FRI is awarded by a national, non-profit, self-regulated association, rather than a Real Estate Company.
The appraisal activities of MVA-Residential designees must be a function secondary to trading in real estate. Designees are required to maintain an active sales practice, must have at least five years of experience in residential real estate sales and submit:
- A Sample Appraisal Report
- Documentation for sales and fee appraisal activity totals for the last five years.
- Proof of Errors and Omissions Insurance coverage for work in appraisal.
Also, applicants must have completed these courses:
- Principles of Appraisal
- Principles of Real Property Law
- Principles of Mortgage Financing
- Title Searching
- Construction and Cost Estimating
- Appraisal Reporting Skills
Commercial Division Members have a specialized knowledge and experience in commercial, industrial and investment business transactions. They also have access to a resource base of Commercial buyers and sellers and can place listings on TREB's Commercial Multiple Listing Service & Public websites.
An ASA is not out to get your listing, they are trained consultants enabled to work with your other advisors to help you with safety and confidence in the downsizing process of buying and selling homes. It is a prestigious designation that may only be used by those Canadian REALTORS® who have completed the training, which covers topics such as Canadian tax laws, estates and estate planning, wills, trusts, government grants and other options on ways you can release the equity in property for future living expenses.