Why Hire an FRI?
Work with a designated professional
Experience, commitment and service are qualities you will find when dealing with an FRI.
Whether you are buying or selling, you need the advice and guidance of a real estate professional who has marked experience and additional knowledge in areas such as: real estate law, financing, valuation and property analysis.
You also need a real estate professional who will look after your best interests and whose business ethics are unquestionable.
FRIs prioritize business ethics & professionalism
An FRI designated professional:
- Has a minimum of five years of creditable real estate experience
- Has gained additional professional knowledge and expertise above licencing requirements
- Is committed to serving you in realizing your real estate goals
- Will deal fairly with all parties and is committed to the highest standards of professional conduct
- Adheres to the REIC Code of Professional Standards
Frequently Asked Questions
What is the FRI?
The FRI (Fellow of the Real Estate Institute) is an elite national designation awarded to real estate sales practitioners who have met our rigorous education, experience and membership requirements, and have agreed to adhere to the REIC Code of Professional Standards.
What is the benefit of working with an FRI?
The FRI is a tremendous business asset and an outstanding source of contacts and seasoned expertise. In the eyes of the public, the FRI speaks to the real estate practitioner’s professional standing in the community, maximizing consumer trust and confidence in the individual’s ability and ethics.
In addition to advanced education, FRIs benefit from support and networking with like-minded professionals locally and nationally through REIC and partnered organizations like the Institute of Real Estate Management (IREM) and the National Association of REALTORS® (NAR).
What does the FRI mean to the industry and the public?
The FRI designation is the public’s assurance that they are dealing with an individual who has made a career commitment to real estate. They are professionals with additional expertise, above licensing requirements, in market analysis, property sales, leasing and marketing, and for their knowledge of real estate law, financing, valuation and property analysis.
What type of professional holds the FRI?
FRIs typically work for local and national real estate brokerages across Canada, or manage their own brokerage business. They are leaders in their profession and hold many of the senior positions in both the private and public sectors.
To complete the FRI program and obtain the designation you will need to have your real estate license for a minimum of five (5) years.
Once you have fulfilled all your experience and education requirements, you will have an interview with an REIC Member from your local Chapter, and then membership will be granted.
In order to earn and maintain the FRI designation, you must pledge to uphold the REIC Code of Professional Standards and pay annual membership dues to the Institute.
To maintain your candidacy and then the fully designated membership, there are ongoing yearly membership dues.
Both Candidate and Membership Dues are $580.00 plus tax on average.
"The FRI designation helped build my skills, knowledge and experience. When clients see my designation, they are assured my service meets the highest standards."
Mercedes Wong, FRI
Vice-President, International Development - Prominent Real Estate Services, Vancouver BC