LICENSING COSTS IN SASKATCHEWAN

How Much Does It Cost to Become a Real Estate Agent in Saskatchewan?

Getting your Saskatchewan real estate license costs roughly $4,700 to $5,300 in your first year, including education, exams, criminal record checks, and professional membership fees. This page breaks down every dollar so you know exactly what to budget.

Thinking about becoming a real estate agent in Saskatchewan? The licensing process involves two education phases, a criminal record check, and several membership fees. Unlike a salary job, this is an investment in your career. Here is exactly what each cost covers and what you will pay at each step.

Total Investment

Quick Cost Overview

Education

Phase 1 & Phase 2: $3,298

Phase 1 (Real Estate as a Professional Career) costs $2,099 through UBC Sauder. Phase 2 (Residential) costs $1,199. Both include your first exam registration. Subsequent exam attempts cost $250 each.

Criminal Check

Record Check: $75

All applicants must provide a Criminal Record Check by fingerprint comparison. The fingerprinting and database check cost approximately $75. Forms are available at any local police station.

Membership

SRA/CREA Fees: $1,100+

New members pay a one-time SRA joining fee ($900) and CREA joining fee ($200). Annual SRA/CREA fees run approximately $825 plus a prorated portion depending on when you join during the year.

First Year

Total: ~$4,700 - $5,300

When you add it all up, most new agents spend between $4,700 and $5,300 in their first year. The exact amount depends on when you join (membership fees are prorated quarterly) and whether you need exam retakes ($250 each).

Step By Step

Every Cost You Will Face to Get Licensed

The path to your Saskatchewan real estate license follows a clear sequence. Here is what you pay at each stage: Phase 1 – The Foundation. Course fee: $2,099 (includes first exam). Covers provincial real estate law, ethics, property rights, valuation, financing, and agency relationships. You have two years from registration to complete both phases. Phase 2 – Your Specialization. Course fee: $1,199 (includes first exam). Choose Residential, Commercial, Farm, or Property Management. The Residential stream is the most common starting point. Criminal Record Check. Cost: $75. Required for all new SREC applicants. Must be done by fingerprint comparison at your local police station. SRA/CREA Joining Fees. One-time: $900 (SRA) + $200 (CREA) = $1,100. An annual membership is also required at roughly $825 plus a prorated quarterly adjustment. Total first-year investment: $4,700 to $5,300. This includes education, exams, your record check, and all professional association fees.

Ways To Save

How to Reduce Your Licensing Costs

While the core costs are fixed, there are a few ways to keep your overall investment manageable: Pass exams on the first try. Each retake costs $250, so studying thoroughly the first time saves real money. Plan your start date strategically. SRA/CREA annual fees are prorated quarterly. Joining later in the year means a lower upfront membership payment. Choose a brokerage that invests in you. Some brokerages cover or subsidize onboarding costs, provide lead programs that help you earn faster, and offer training that reduces the learning curve. At CENTURY 21 Fusion, our new agents get mentorship, marketing support, and lead programs that help them start generating income sooner. Budget for ongoing costs. Beyond the initial licensing fees, expect $5,000 to $15,000 per year in business expenses: marketing, transportation, continuing education, and CRM tools.

Year After Year

Ongoing Licensing Costs

Getting licensed is a one-time investment, but staying licensed has annual costs: SREC annual renewal: approximately $640. SRA/CREA annual membership: approximately $825 (plus SRA Secure $30, AD levy $20, lockbox levy $90). Continuing Professional Development (CPD): approximately $325 per year. Total ongoing: roughly $1,900 to $2,100 per year to maintain your license and association memberships in good standing.

Why It Matters

Why the Right Brokerage Makes a Difference

The upfront cost of getting licensed is just the beginning. Your choice of brokerage determines how quickly that investment pays off. A brokerage with real training, lead generation, and mentorship helps you close your first deal faster, which means your licensing costs are recouped sooner. At CENTURY 21 Fusion in Saskatchewan, new agents get: one-on-one mentorship and ongoing coaching, a complete marketing and technology package ready from day one, lead programs and a proven client management system, dedicated admin, conveyancing and listing support, and the backing of the world’s most recognized real estate brand. Not sure yet? Come to our monthly Career Cafe and hear directly from our REALTORS about how they got started.

Cost Questions

Frequently Asked Questions About Licensing Costs

What is the total cost to get a real estate license in Saskatchewan?

Most new agents spend between $4,700 and $5,300 in their first year. This includes Phase 1 ($2,099), Phase 2 – Residential ($1,199), a criminal record check ($75), and SRA/CREA joining and membership fees ($1,100+). The exact total depends on when you join during the year because membership fees are prorated.

Does the course fee include exams?

Yes. Both Phase 1 ($2,099) and Phase 2 ($1,199) include your first exam registration. If you need to retake an exam, each subsequent attempt costs $250. Most students pass on their first try, but it is wise to budget for one retake just in case.

Are there payment plans for the courses?

UBC Sauder charges per course, not on a subscription basis. You pay Phase 1 ($2,099) when you enroll, then Phase 2 ($1,199) when you are ready to continue. The criminal record check and membership fees are paid separately as you progress through the process.

Do I need a university degree before I start?

No. You need a Canadian high school diploma (or equivalent) or a recognized post-secondary credential, plus successful completion of the licensing courses. A university degree is not required to become a real estate agent in Saskatchewan.

Will the brokerage cover any of my startup costs?

Some brokerages offer support that offsets your startup costs. At CENTURY 21 Fusion, new agents receive training, marketing tools, and lead programs that help them start earning faster. While we do not typically cover your licensing fees, the mentorship and support you receive means you recoup your investment much sooner.

Ready to Get Started?

Take the first step toward a rewarding real estate career with CENTURY 21 Fusion. Our team is ready to help you get licensed and launch successfully.

Ready to Start Earning in Saskatchewan Real Estate?

Tell us a little about yourself and our team will reach out. We will answer your questions about real estate income and career path. No pressure.