Designations

Fellow of the Real Estate Institute (FRI)

The FRI (Fellow of the Real Estate Institute) designation is Canada's most established real estate designation. Holding the FRI signifies a real estate education that meets and exceeds either agent (sales) or broker licensing requirements PLUS experience that assures a practitioner with knowledge, not just information. FRI members, as with any REIC designated or accredited professional, are governed by the Institute's Code of Professional Standards.

Fellow of the Real Estate Institute (Executive)
FRI (Executive) is awarded to unlicensed real estate professionals whose real estate experience is acquired at the executive level.

Fellow of the Real Estate Institute (Appraisal Specialist)
Awarded to those who already hold the FRI, the FRI(A) (appraisal specialist) identifies specialists in appraisals and valuations up to and including a triplex and undeveloped building sites.

FRI members have earned their experience in real estate sales and brokerage.

To locate an FRI member, go to our search page

To receive further information about the FRI designation, contact designations@reic.com.

Interested in becoming an FRI?

Download the Application and Guidelines

1. How to become an FRI:

Step 1: Apply for candidacy
Step 2: Meet the education and experience requirements
Step 3: Apply for membership

Step 1: Apply for candidacy

To qualify for FRI candidacy, you must:

Hold a valid real estate license and be active in the practice of real estate
Be actively involved in real estate sales at the time of application and have a minimum of 12 months of related work experience
Be of legal age

Step 2: Education and Experience Requirements

EDUCATION REQUIREMENTS

REIC's industry leading ethics program is the cornerstone of the FRI designation. In addition to abiding by the REIC Code of Professional Standards, candidates must successfully complete the REIC ethics course or equivalent. In addition to completing the ethics component, candidates must complete a series of courses.

FRI training involves:

FRI CORE COURSES

REIC 2600: Ethics and Business Practice
REIC 2260: Real Estate Investment Analysis

REIC 2270: Consumer Behaviour and Negotiating
REIC 2360: The Leasing Process
OR
REIC 2280: Legal Issues in Real Estate

Real Estate Law:
Approved courses available through Provincial Real Estate Associations, universities, colleges or the Appraisal Institute of Canada's Course 1105

Real Estate Valuation:
Approved courses available through Provincial Real Estate Associations, universities, colleges or the Appraisal Institute of Canada's Course 1101

3 University/College Electives:
Contact the Admissions department for a list of approved courses. Any REIC designation course may qualify toward fulfilling this requirement.

Step 3: Apply for membership

The FRI designation is in reach if you:

Have completed the FRI education requirements
Have accumulated five years of real estate experience
Are licensed
Are affiliated with an REIC chapter if applicable
Have paid all fees as required by REIC

To retain the FRI designation, members agree to:

Stay current with annual national membership fees
Maintain local REIC chapter membership if applicable
Hold a valid real estate license

The Chapter Interview

The chapter interview is a mandatory requirement. In most cases, your interview will be conducted at your place of business. A member of local chapter will meet with you to verify your experience and eligibility for the designation. Following your interview and upon the chapter's written endorsement of your application, the Admissions Department will confirm your candidacy or membership status in writing.

2. Experience Requirements

Applicants must have a minimum of 12 months of real estate experience to qualify for candidacy, and candidates must have completed five (5) years of real estate experience to achieve the FRI designation.

3. How much does it cost?

The non-refundable processing fee is $250.00 plus GST/HST. Chapter dues are set individually, and some may charge GST/HST. Candidates and members are also required to pay annual national dues of $399.00 plus GST/HST (effective January 1, 2009). These fees are pro-rated from the time a candidate is approved for the current year (January-December). The prices for the REIC courses vary depending on the length and level of course (fundamental, intermediate or advanced), but candidates pay a lower tuition fee than non-candidates. See the course schedule for details.

4. How long does this take?

You set the pace for your education. Much will depend on whether you are a salesperson or broker in your province of residence. You will have ten years from the date your candidacy is approved to complete the educational requirements. Please contact the Admissions Department for details on educational equivalencies and requirements in your province.

Ready to start?

Send us a message at designations@reic.com or call us at 416-695-9000 or toll free within Canada at 1-800-542-REIC (7342).