Real Estate

The Manitoba Securities Commission administers The Real Estate Services Act. This act seeks to protect home buyers and sellers by regulating brokerages and individual registrants as defined by the Act.

The registration requirements are as follows:

Real Estate Salesperson

Education and Work Experience Requirements:
(a) Must be an individual of good character;

(b) At least 18 years old;

(c) Complete the real estate salesperson’s course Real Estate as a Professional Career administered by The Manitoba Real Estate Association;

(d) Apply for registration with the Commission within 12 months of completing the real estate salesperson’s course.

Application for Registration:
(a) Complete and file an application with the Registrar on the approved form (Form RAO/RS(Rev.05)), under the sponsorship of a licensed real estate brokerage;

(b) Submit the registration fee of $400.

Criminal Record Check:
Applicants must complete a Criminal Record Form as part of their application (this form is part of the application for registration, Form RAO/RS(Rev.05)). The check will be processed by the Commission as part of the registration process.

Real Estate Broker

Education and Work Experience Requirements:
(a) Must be an individual of good character;

(b) At least 18 years old;

(c) Have at least 24 months experience as a registered real estate salesperson within the 36-month period before applying for registration;

(d) Complete the Broker Education Program administered by The Manitoba Real Estate Association;

(e) Apply for registration with the Commission within 36 months of completing the Broker Education Program.

Application for Registration:
(a) Complete and file an application with the Registrar on the approved form (Form RAO/RS(Rev.05)), under the sponsorship of a licensed real estate brokerage;

(b) Submit the registration fee of $400.

Criminal Record Check:
Applicants must complete a Criminal Record Form as part of their application (this form is part of the application for registration, Form RAO/RS(Rev.05)). The check will be processed by the Commission as part of the registration process.

Real Estate Associate Broker

Education and Work Experience Requirements:
(a) Must be an individual of good character;

(b) At least 18 years old;

(c) Have at least 24 months experience as a registered real estate salesperson within the 36-month period before applying for registration;

(d) Complete the Broker Education Program administered by The Manitoba Real Estate Association;

(e) Apply for registration with the Commission within 36 months of completing the Broker Education Program.

Application for Registration:
(a) Complete and file an application with the Registrar on the approved form (Form RAO/RS(Rev.05)), under the sponsorship of a licensed real estate brokerage;

(b) Submit the registration fee of $400.

Criminal Record Check:
Applicants must complete a Criminal Record Form as part of their application (this form is part of the application for registration, Form RAO/RS(Rev.05)). The check will be processed by the Commission as part of the registration process.

Real Estate Brokerage

Managing Registrant:
(a) A brokerage must have a managing registrant. For a real estate brokerage this person must be a real estate broker.

(b) The real estate broker must be an official of the brokerage. Official is defined in the Real Estate Services Regulation.

Application for Registration:
(a) Apply for registration on the approved form (Form MG-699 (Rev.00));

(b) Submit the registration fee for the broker of $500.

Constating Documents:
A company or partnership applying for registration as a brokerage must attach a copy of its constating documents, e.g. Articles of Incorporation or partnership agreement. If the company was incorporated more than one year ago, the applicant must also attach a certificate from the Manitoba Companies Office confirming that its registration as a corporation is in good standing in Manitoba.

Operating under a Business or Trade Name:
Every brokerage proposing to operate under a business or trade name other than its own must register that business or trade name with the Manitoba Companies Office and provide the Registrar with proof that the name is registered, i.e. provide a copy of the Business Name Registration document endorsed by the Companies Office.

Trust Account:
Every brokerage must provide the Registrar with evidence that the brokerage maintains an interest-bearing trust account at a branch of a financial institution in Manitoba, with the interest not claimed by clients payable to The Manitoba Securities Commission pursuant to a completed Brokerage’s Letter of Direction to Financial Institution (this form is available from our office or on this website) which must accompany the application.

6. Surety Bond or MREA Membership:

File with the application either a surety bond in an amount prescribed by Sections 2.23(1) to 2.25(2) of the Real Estate Services Regulation or a valid certificate of membership in The Manitoba Real Estate Association’s Real Estate Reimbursement Fund.

The Manitoba Securities Commission administers The Mortgage Brokers Act. This act seeks to protect mortgage investors and borrowers by regulating mortgage brokers and mortgage salespersons as defined by the Act.

There are two categories of mortgage broker registration: mortgage brokers and restricted mortgage brokers. For more information on these categories and who needs to be registered please see the following link.

The registration requirements are as follows:

Mortgage Salesperson
1. Education and Work Experience Requirements:

(a) Must be an individual of good character;

(b) At least 18 years old;

(c) Complete the Manitoba Mortgage Salespersons Licensing Course administered by Mortgage Professionals Canada;

2. Application for Registration:

(a) Complete and file an application with the Registrar on the approved form, under the sponsorship of a licensed mortgage broker;

(b) Submit the registration fee of $400.

3. Criminal Record Check:

Applicants must complete a Criminal Record Form as part of their application (this form is part of the application for registration). The check will be processed by the Commission as part of the registration process.

Authorized Official
1. Education and Work Experience Requirements:

(a) Must be an individual of good character;

(b) At least 18 years old;

(c) Have at least 24 months experience as a registered mortgage salesperson within the 36 month period before applying for registration;

(d) Complete the Broker’s Course as prescribed by the Registrar.

(e) Authorized Officials for Mortgage Brokers must provide the Registrar with a detailed resume and have mortgage administration experience at a senior level.

(f) If the individual does not live in Manitoba, a written undertaking must be included that the individual will agree to appear in Manitoba on reasonable notice by the Registrar for any reason affecting the broker’s or individual’s business or conduct in Manitoba.

2. Application for Registration:

(a) Complete and file an application with the Registrar on the approved form, under the sponsorship of a licensed mortgage broker;

(c) Submit the registration fee of $400.

3. Criminal Record Check:

Applicants must complete a Criminal Record Form as part of their application (this form is part of the application for registration). The check will be processed by the Commission as part of the registration process.

Mortgage Broker and Restricted Mortgage Broker
1. Application for Registration:

(a) The mortgage broker (the “Applicant”) must apply on approved forms provided by the Registrar (Application for Registration as a Mortgage Broker), and provide the following:

I.  Provide confirmation that the Applicant (if a company) is authorized to carry on business in Manitoba by virtue of a copy of its Articles of Incorporation or; if the Applicant has been incorporated for more than one year, confirmation of good standing issued by the Companies Branch of the Province of Manitoba;

II.  An address for service in Manitoba;

III. The Applicant’s business office address in Manitoba;

IV.  If the Applicant does not intend to maintain a business office in Manitoba, the Applicant must provide the address of the Applicant’s solicitor or other legal representative in Manitoba where copies of documents related to transactions conducted in Manitoba and copies of trust records required to be maintained under the Act will be furnished on demand by the Registrar.

(b) Submit the registration fee of $500 for registration as a Mortgage Broker and $500 for registration as a Restricted Mortgage Broker payable to the Minister of Finance.

2. Operating under a Business or Trade Name:

Applicants must provide proof of registration under The Business Registration Act of any business or trade name under which the Applicant proposes to operate.

3. Trust Account (not applicable for Restricted Mortgage Brokers):

Applicants must provide a letter from the financial institution where the Applicant maintains its bank accounts addressed to the Registrar confirming that the Applicant has opened a non-interest-bearing trust account, giving the location, account number and name of the account.

4. Surety Bond (not applicable for Restricted Mortgage Brokers):

Applicants must provide a surety bond issued in the name of the Applicant in the prescribed form in the amount of $100,000 issued by an insurance or surety company authorized to carry on business in Manitoba.

5. Proof of errors and omissions insurance as required under the Act (Section 7 of M.R.41/2011).
6. Financial Statements (not applicable for Restricted Mortgage Brokers):

Applicants must submit a copy of their most recent audited financial statements and a letter addressed to the Registrar from the auditor confirming that the amount of capital of the Applicant meets the requirements of section 8 of M.R. 41/2011under the Act or, if the Applicant is setting up a new business, or has not previously prepared audited financial statements, or the audited financial statements cover a financial period which ended more than 120 days prior to the date of application, the auditor’s letter shall be accompanied by an interim financial statement prepared as of the month immediately preceding the date of application.

The Applicant must designate at least one qualified individual as the Applicant’s authorized official.

The activities of a private sales brokerage are restricted to assisting a homeowner to conduct a private sale. Persons looking to provide private sales services to third parties must be registered under The Real Estate Services Act. The Act defines private sales services as:

Private Sales Salesperson

1. Education and Work Experience Requirements:

(a) Must be an individual of good character;

(b) At least 18 years old;

(c) Complete the Real Estate Private Sales Exam administered by the Commission;

(d) Apply for registration with the Commission within 12 months of completing the Real Estate Private Sales Exam.

2. Application for Registration:

(a) Complete and file an application with the Registrar on the approved form (Form RAO/RS(Rev.05)), under the sponsorship of a licensed private sales brokerage;

(b) Submit the registration fee of $400.

3. Criminal Record Check:

Applicants must complete a Criminal Record Form as part of their application (this form is part of the application for registration, Form RAO/RS(Rev.05)). The check will be processed by the Commission as part of the registration process.

Private Sales Broker

1. Education and Work Experience Requirements:

(a) Must be an individual of good character;

(b) At least 18 years old;

(c) Complete the Real Estate Private Sales Exam administered by the Commission;

(d) Apply for registration with the Commission within 12 months of completing the Real Estate Private Sales Exam.

2. Application for Registration:

(a) Complete and file an application with the Registrar on the approved form (Form RAO/RS(Rev.05)), under the sponsorship of a licensed real estate brokerage;

(b) Submit the registration fee of $400.

3. Criminal Record Check:

Applicants must complete a Criminal Record Form as part of their application (this form is part of the application for registration, Form RAO/RS(Rev.05)). The check will be processed by the Commission as part of the registration process.

Private Sales Associate Broker

1. Education and Work Experience Requirements:

(a) Must be an individual of good character;

(b) At least 18 years old;

(c) Complete the Real Estate Private Sales Exam administered by the Commission;

(d) Apply for registration with the Commission within 12 months of completing the Real Estate Private Sales Exam.

2. Application for Registration:

(a) Complete and file an application with the Registrar on the approved form (Form RAO/RS(Rev.05)), under the sponsorship of a licensed real estate brokerage;

(b) Submit the registration fee of $400.

3. Criminal Record Check:

Applicants must complete a Criminal Record Form as part of their application (this form is part of the application for registration, Form RAO/RS(Rev.05)). The check will be processed by the Commission as part of the registration process.

Private Sales Brokerage

1. Managing Registrant:

(a) A brokerage must have a managing registrant. For a private sales brokerage this person must be a private sales broker.

(b) The private sales broker must be an official of the brokerage. Official is defined in the Real Estate Services Regulation.

2. Application for Registration:

(a) Apply for registration on the approved form (Form MG-699 (Rev.00));

(d) Submit the registration fee for the broker of $500.

3. Constating Documents:

A company or partnership applying for registration as a brokerage must attach a copy of its constating documents, e.g. Articles of Incorporation or partnership agreement. If the company was incorporated more than one year ago, the applicant must also attach a certificate from the Manitoba Companies Office confirming that its registration as a corporation is in good standing in Manitoba.

4. Operating under a Business or Trade Name:

Every brokerage proposing to operate under a business or trade name other than its own must register that business or trade name with the Manitoba Companies Office and provide the Registrar with proof that the name is registered, i.e. provide a copy of the Business Name Registration document endorsed by the Companies Office.

Individuals and companies looking to provide property management services to a third party (e.g. leasing, collection of rents, handling tenant issues) must be registered under The Real Estate Services Act.

The registration requirements are as follows:

Property Management Representative

1. Education and Work Experience Requirements:

(a) Must be an individual of good character;

(b) At least 18 years old;

(c) Complete the Principles of Property Management course administered by The Manitoba Real Estate Association;

(d) Apply for registration with the Commission within 12 months of completing the Principles of Property Management course.

2. Application for Registration:

(a) Complete and file an application with the Registrar on the approved form (Form RAO/RS(Rev.05)), under the sponsorship of a licensed property management brokerage;

(b) Submit the registration fee of $400.

3. Criminal Record Check:

Applicants must complete a Criminal Record Form as part of their application (this form is part of the application for registration, Form RAO/RS(Rev.05)). The check will be processed by the Commission as part of the registration process.

Property Management Manager

1. Education and Work Experience Requirements:

(a) Must be an individual of good character;

(b) At least 18 years old;

(c) Have at least 24 months experience as a registered property management representative within the 36 month period before applying for registration;

(d) Complete the Principles of Property Management course administered by The Manitoba Real Estate Association;

(e) Apply for registration with the Commission within 36 months of completing the Principles of Property Management course.

2. Application for Registration:

(a) Complete and file an application with the Registrar on the approved form (Form RAO/RS(Rev.05)), under the sponsorship of a licensed property management brokerage;

(b) Submit the registration fee of $400.

3. Criminal Record Check:

Applicants must complete a Criminal Record Form as part of their application (this form is part of the application for registration, Form RAO/RS(Rev.05)). The check will be processed by the Commission as part of the registration process.

Property Management Supervisor

1. Education and Work Experience Requirements:

(a) Must be an individual of good character;

(b) At least 18 years old;

(c) Have at least 24 months experience as a registered property management representative within the 36 month period before applying for registration;

(d) Complete the Principles of Property Management course administered by The Manitoba Real Estate Association;

(e) Apply for registration with the Commission within 36 months of completing the Principles of Property Management course.

2. Application for Registration:

(a) Complete and file an application with the Registrar on the approved form (Form RAO/RS(Rev.05)), under the sponsorship of a licensed property management brokerage;

(b) Submit the registration fee of $400.

3. Criminal Record Check:

Applicants must complete a Criminal Record Form as part of their application (this form is part of the application for registration, Form RAO/RS(Rev.05)). The check will be processed by the Commission as part of the registration process.

Property Management Brokerage

1. Managing Registrant:

(a) A brokerage must have a managing registrant. For a property management brokerage this person must be a property management manager.

(b) The property management manager must be an official of the brokerage. Official is defined in the Real Estate Services Regulation.

2. Application for Registration:

(a) Apply for registration on the approved form (Form MG-699 (Rev.00));

(d) Submit the registration fee for the broker of $500.

3. Constating Documents:

A company or partnership applying for registration as a brokerage must attach a copy of its constating documents, e.g. Articles of Incorporation or partnership agreement. If the company was incorporated more than one year ago, the applicant must also attach a certificate from the Manitoba Companies Office confirming that its registration as a corporation is in good standing in Manitoba.

4. Operating under a Business or Trade Name:

Every brokerage proposing to operate under a business or trade name other than its own must register that business or trade name with the Manitoba Companies Office and provide the Registrar with proof that the name is registered, i.e. provide a copy of the Business Name Registration document endorsed by the Companies Office.

5. Trust Account:

Every brokerage must provide the Registrar with evidence that the brokerage maintains an interest-bearing trust account at a branch of a financial institution in Manitoba, with the interest not claimed by clients payable to The Manitoba Securities Commission pursuant to a completed Brokerage’s Letter of Direction to Financial Institution (this form is available from our office or on this website) which must accompany the application.

6. Surety Bond or MREA Membership:

File with the application either a surety bond in an amount prescribed by Sections 2.23(1) to 2.25(2) of the Real Estate Services Regulation or a valid certificate of membership in The Manitoba Real Estate Association’s Real Estate Reimbursement Fund.