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FRI and FRI(E)
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 Conduct.
To locate an FRI
or FRI(E) member, go to our
search
page
To receive information about why you should choose to use an FRI
or FRI (E), contact
designations@reic.com
Interested in becoming an FRI or
FRI(E)?
The following is a general summary of the requirements
for earning the FRI designation. For complete information, consult the
FRI Designation handbook. Order your copy from
designations@reic.com or call
REIC at 416-695-9000 or 800-542-REIC (7342) (within Canada),.
How to
become an FRI or FRI(E)
- Step One: Apply for candidacy, and
maintain candidacy for at least one year
- Step Two Meet the education and experience
requirements
- Step Three Apply for membership
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Step One: apply for candidacy
To qualify for
FRI candidacy, you must:
- Be licensed and active in the practice of real
estate
- Have a minimum of 12 months of creditable
experience, as outlined in the FRI Volume of Activity Chart in the
designation handbook
- Be a high school graduate or equivalent
- Be of legal age
To qualify for FRI(E) candidacy, you
must:
- Have a minimum of 12 months of creditable real
estate management experience
- Be a high school graduate or equivalent
- Be of legal age
Applicants must maintain candidacy for a
minimum of one year
Step Two: Education and Experience
Requirements
EDUCATION REQUIREMENTS
REIC's industry leading
ethics program is the cornerstone of the FRI and FRI(E)
designations. In addition to adhering to the REIC Code of Professional
Standards, candidates must successfully complete an REIC ethics course or
equivalent. In addition to completing the ethics component, candidates must
complete a series of core and specialty courses.
FRI training
involves:
FRI CORE COURSES
ETHICS:
REIC 250: Ethical Principles and Professional
Standards AND
REIC 251: Managing
Ethical Issues in Real Estate
OR
REIC 600: Ethics and Business Practice
REIC 260: Real Estate Investment
Analysis
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
University/College Elective
Qualifying university
and college electives are listed in the designation handbook.
FRI
SPECIALTY COURSES
Two University/College or Specialty Electives
Successful completion of any REIC designation specialty course will
fulfil this requirement. Qualifying university/college electives are listed in
the designation handbook.
Step Three: 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, as outlined in the FRI Volume of Activity Chart
- Are licensed and a member of the Canadian Real
Estate Association or your local real estate board
- Have been a candidate for a minimum of one year
- Are affiliated with an REIC chapter
- Have paid all fees as required by REIC
The FRI(E) designation is in reach if
you:
- Have completed the FRI education
requirements
- Have accumulated five years of real estate
management experience
- Have been a candidate for a minimum of one year
- Are affiliated with an REIC chapter
- Have paid all fees as required by REIC
To retain the FRI or FRI(E)
designation, members agree to:
- Stay current with annual national membership
fees
- Maintain local REIC chapter membership
- Be a CREA member or member of the local real
estate board
- Meet the mandatory continuing education
requirements
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, in writing, your
candidacy or membership status.
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