Association Of Real Estate License Law Officials
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Association Of Real Estate License Law Officials
The Association of Real Estate License Law Officials (ARELLO), founded in 1930 in Canada, supports regulatory agencies in the administration and enforcement of real estate license (or registration) laws in their respective jurisdictions. Among its positions, the organization encourages licensure and education recognition between jurisdictions. In May 2007, the Ontario Real Estate Association The Ontario Real Estate Association (OREA) is a professional association that represents real estate brokers and salespeople who are members of Ontario's real estate boards. It has its headquarters at 15 Kern Road in Toronto. History The Ontar ... cited adherence to ARELLO exam standards as one of its reasons in switching to closed book examinations.{{cite web, url=http://www.oreacollege.com/index.cfm/ci_id/10238.htm, title=Transition to Closed Book Examinations, date=2007-06-19, accessdate=2007-09-10, archiveurl= https://web.archive.org/web/20070730201900/http://www.oreacollege.com/index ...
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Real Estate License
Real estate licenses, authorizations issued by state governments, give agents and brokers the legal ability to represent a home seller or buyer in the process of buying or selling real estate. Real estate agents and real estate brokers are required to be licensed when conducting real estate transactions in the United States and many other countries. Each state requires its own mandatory education to become eligible to receive a real estate license. This involves completing a pre-licensing education from an institution accredited by the state and passing an exam. Additionally, to maintain a real estate license, states require a continuing education program to be completed every 2-years. Through a complicated arrangement, the National Association of Realtors (NAR), a trade and lobbying group for agents and brokers, sets policies for most of the multiple listing services. As the Internet gained widespread use in the late 1990s, NAR created regulations allowing ''Information Data Ex ...
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Licensure
Licensure means a restricted practice or a restriction on the use of an occupational title, requiring a license. A license created under a "practice act" requires a license before performing a certain activity, such as driving a car on public roads. A license created under a "title act" restricts the use of a given occupational title to licensees, but anyone can perform the activity itself under a less restricted title. For example, in Oregon, anyone can practice counseling, but only licensees can call themselves "Licensed Professional Counselors." Thus depending on the type of law, practicing without a license may carry civil or criminal penalties or may be perfectly legal. For some occupations and professions, licensing is often granted through a professional body or a licensing board composed of practitioners who oversee the applications for licenses. This often involves accredited training and examinations, but varies a great deal for different activities and in different cou ...
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Ontario Real Estate Association
The Ontario Real Estate Association (OREA) is a professional association that represents real estate brokers and salespeople who are members of Ontario's real estate boards. It has its headquarters at 15 Kern Road in Toronto. History The Ontario Association of Real Estate Boards (later renamed the Ontario Real Estate Association) was founded in 1922 to organize real estate activities on a province-wide basis. In 1930, the Ontario government brought into law the Real Estate and Business Brokers Act. The government of Ontario codified and regulated the real estate broker occupation. A new law was enacted, under the supervision of the Ontario Securities Commission, called an Act for Registration of Real Estate Brokers and Salesmen. Bill 150 was introduced into the Legislature on March 21, 1930, by Mr. Ferguson, and royal assent was given on April 30, 1930. The act was amended in 1940 and again in 1949, but there were still no academic qualifications required, and no formal trainin ...
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