Results for Licence maintenance 2013 year, the various payment options offered by the OACIQ were appreciated, including the handy Accord D financing option, which allows you to pay by instalments. OUR PROFESSION IS VERY MUCH ALIVE The graph opposite shows the evolution of the licence maintenance rate since 1998, which this year reached a 15-year high of 89%! The slight decrease in the number of brokers compared to last year is explained by the change in the Real Estate Brokerage Act, which now allows brokers 12 months (rather than the previous 24) to maintain the rights acquired on their licences. Consider also the certification examination, which is now more complex and skills-based instead of knowledge-based. This, however, should not be seen as an impediment to entering the profession, but rather as a benchmark that guarantees that clients will be served by well-informed and highly competent brokers. A N N UA L E VOLU TION 2013 2012 2011 2010 89% 88% 87% 88% 83% 84% 81% 85% 85% 87% 86% 84% 85% 86% 85% 86% Everything you need to open new doors The CLASSROOM MISSION shed! pli com ac Each year, the end of April is a licence renewal time for our members. In 2013, a great many of you answered the call, and the licence renewal process was a real success, with more than 17,000 real estate and mortgage agencies and brokers maintaining their licences. The breakdown is as follows*: Real estate broker Chartered real estate broker Mortgage broker Real estate agency Mortgage agency TOTAL *Data as of May 1, 2013 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 Take your expertise to the next level Take advantage of free, comprehensive training from The CLASSROOM to increase your value as a trusted advisor and help your clients make informed homeownership decisions. Available online, CMHC’s professional training on mortgage and housing industry topics can even earn you professional development credits. Access The CLASSROOM anywhere, anytime at EverythingYouNeed.ca, CMHC’s comprehensive information source. A WHOLE LOT TO CHOOSE FROM ...since 1964 ! 11,594 3,592 437 1,351 40 17,014 SYNBAD A VERY POPULAR TOOL Many of you took the electronic route to maintaining their licence, with 60% choosing Synbad and the quick access payment link (oaciq.com/pay-licence). Like last In summary, this exercise tells us that now more than ever, experience and know-how are the pillars of the broker profession. You may rest assured that your competence and knowledge are helping grow and preserve our great profession! 6 Profession Broker September 2013 Profession Broker September 2013 7