Commercial
Trading Services Applied Practice Course
Licensees who plan to specialize in commercial real estate are encouraged to take this course in place of the Residential Trading Services Applied Practice Course.
The Commercial Trading Services Applied Practice Course is compulsory for all new licensees and is designed to provide practical training in real estate to new licensees which, together with the Real Estate Trading Services Licensing Course, will enable them to confidently and effectively serve the public's real estate needs in a professional manner.
BCREA administers the course on behalf of the Real Estate Council of BC (RECBC). The course is offered in Vancouver only by instructors who are experienced real estate professionals and trained in instructional methods.
BCREA reserves the right to amend course schedules, course availability, fees, content, policies, manual and other reference materials without notice at its sole and absolute discretion. Students may be required at any time to incur expenses such as travel and accommodation expenses in relation to the course, whether the course schedule is amended or not, and those expenses shall be the sole responsibility of the student.
Click here for
a schedule of available courses.
Application Instructions
General Information
The Commercial Trading Services Applied Practice Course is administered by BCREA on behalf of the Real Estate Council of British Columbia (RECBC). The course is compulsory for all new commercial licensees and forms part of the total real estate licensing process.
In accordance with regulations established by the RECBC, you must register for the Commercial Trading Services Applied Practice Course prior to licence issuance. Your application must be accompanied by a letter confirming the applicant’s primary practice is commercial real estate and signed by a managing broker, director or officer of a brokerage. You must provide proof of registration in the course as a requirement of licensing.
Licensees who aren't primarily engaged in commercial real estate but have an interest in the practice can register for the course subject to availability. These individuals are required to pay the full course fee.
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Course Format and Overview
The course consists of ten units, each of which is three hours in duration, for a total of 30 hours of instruction. Classes are conducted on a week-long basis.
| UNIT 1 |
Brokerage Disclosure, Privacy, Agency and the REALTOR® Code |
| UNIT 2 |
Prospecting for Listings |
| UNIT 3 |
Listing Appointment |
| UNIT 4 |
Listing Documentation |
| UNIT 5 |
Marketing Real Estate |
| UNIT 6 |
Introduction to Financial Analysis |
| UNIT 7 |
Essentials of Leasing |
| UNIT 8 |
Marketing and Fee for Services |
| UNIT 9 |
Negotiations and the Contract of Purchase and Sale for Commercial Real Estate |
| UNIT 10 |
The Offer and Completion Process |
Click here for
a schedule of available courses.
Course Fee
Please note that tuition fees are subject to change without notice. The tuition fee for 2010 is $675 plus $33.75 GST, which includes all course materials. This fee must be paid in full at the time of registration.
12% Harmonized Sales Tax (HST) will apply to all courses held after July 1, 2010. If you are registering for a course today, but the course is scheduled to be held after July 1, 2010, HST will apply. For courses that are held before July 1, 2010, only the 5% GST applies.
Tuition fees are payable to BCREA by Visa, MasterCard, money order or cheque. Post-dated cheques will not be accepted. Online payments must be made by credit card. Tuition fee receipts for income tax purposes are issued with the certificate upon completion of the course.
Non-Sufficient Funds
The fee for NSF cheques is $30 plus GST. The replacement payment will only be accepted by certified cheque, money order or cash.
Refunds and Withdrawal Fee
There are NO REFUNDS for withdrawal on or after the course commencement date. Should withdrawal from the course be necessary prior to the course commencement date, a refund will be issued, subject to an administration charge as follows:
- ten per cent of the fee, plus GST,
for withdrawal ten or more working days prior to course commencement;
or
- 20 per cent of the fee, plus GST,
for withdrawal less than ten working days prior to course
commencement.
Refunds are made by cheque and require approximately three weeks for processing. All requests for refunds must be made in writing to BCREA.
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Absences
Any absence from the course, including late arrival or early departure, will prohibit the granting of credit for the unit. BCREA has a ZERO TOLERANCE POLICY for lateness. Students who miss part or all of a unit will be required to repeat the entire unit. The fee for make-up units is ten per cent of the tuition fee plus GST, per day, payable in advance to BCREA.
Absence from the course and subsequent delay in completing the course will only be approved for serious illness or compassionate reasons. Absence will not be approved for holidays, business appointments, or other personal reasons. Any requests for an absence must be submitted in writing in advance with documentation (e.g., doctor’s certificate) in support of the request.
Accelerated Residential Trading Services Applied Practice Course
Individuals from British Columbia who are requalifying for their licence or individuals transferring from within the United States are exempt from units two and five of the Commercial Trading Services Applied Practice Course. Attendance at all other units is required.
Certificates and Qualification
Certificates will be distributed by BCREA to those who successfully complete the course. As there are no examinations, qualification is based on class participation and 100% attendance (see Absences above).
Locations – courses are offered in Vancouver only
BCREA reserves the right to cancel courses due to insufficient enrolment. Should it become necessary to cancel a course, students will be transferred to the next available course at no additional fee.
Transfers
The Commercial Trading Services Applied Practice Course is offered only twice a year – April and October.
Transfers are only considered for reasons of family emergency or company training. Students who wish to transfer from one course to another are required to pay ten per cent of the fee plus GST. Requests for transfers must be made in writing and received by BCREA ten working days prior to the originally scheduled start date.
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Apply for Admission
Online registration is not available for this course. To register,
complete the Application for Admission form . Your application must include a cheque or money order payable to the British Columbia Real Estate Association and be mailed, faxed or delivered to:
British Columbia Real Estate Association
1420 - 701 Georgia Street West
PO Box 10123, Pacific Centre
Vancouver, BC V7Y 1C6
Phone: 604.742.2795
Fax: 604.683.8601
Office hours: 8:30 am – 4:30 pm
N.B. Only
applications with credit card information may be faxed to 604.683.8601.
Contact Information
For particulars concerning the course, please
contact:
Education Department
British Columbia Real Estate Association
1420 - 701 Georgia Street West
PO Box 10123, Pacific Centre
Vancouver, BC V7Y 1C6
Phone: 604.742.2795
Fax: 604.683.8601
Office hours: 8:30 am - 4:30 pm
For information regarding licensing requirements, please
contact:
Education Department
Real Estate Council of British Columbia
900 - 750 West Pender Street
Vancouver, BC V6C 2T8
Phone: 604.683.9664, Toll free 1.877.683.9664
Fax: 604.683.9017
www.recbc.ca
BCREA establishes a confidential file for each individual who registers for the Commercial Trading Services Applied Practice Course. Access to information in an individual’s file is limited to selected employees for education purposes and for reporting to RECBC to update licensing records.
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