Regulatory Education

Regulatory Education

The Real Estate Council of British Columbia (RECBC)’s relicensing education helps ensure that all licensees stay up-to-date with the skills and knowledge to continue providing a high level of service to real estate consumers. Licensees are required to complete continuing education during the two year term of their licence in order to relicense.

Visit RECBC.

The RECBC created Real Estate Trading Services Licensing Course and the Applied Practice course that you must complete to gain your real estate license. For a step-by-step guide to gaining a real estate license, please visit the Real Estate Council of British Columbia site.

RECBC created the Legal Update course and Rule Changes: Agency and Disclosure course that all licensees must complete to maintain their license. More information, including how to register, is located on the RECBC website.

The Real Estate Division of the Sauder School of Business of UBC host the online portions of these courses on behalf of RECBC.



Trading Services Applied Practice Course

After completing the Real Estate Trading Services Licensing Course, you must complete the Applied Practice Course to gain your real estate licence.

BCREA administers the course, which is a requirement for all new licensees, on behalf of the Real Estate Council of BC (RECBC) and it forms part of the total real estate licensing process. This course is offered at several locations throughout the province by instructors who are experienced real estate professionals and trained in instructional strategies.

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.

  • Learners must complete a portion of the course before they can receive their temporary licence. Once learners have received their temporary licence, they may begin conducting real estate services and can proceed to complete the remaining portions of the course. 
  • The course includes online components, face-to-face classroom time and field assignments that learners complete while working in their brokerage. 
  • Learners will spend two to three weeks in the course before they are licensed and a further 4.5 months completing both classroom and practical field assignment components.
  • The structure of the Residential and Commercial courses is slightly different.


Residential Trading Services Applied Practice Course

For more information about each component, the schedule or to register, please click the button below or visit https://register.bcrea.bc.ca/.



This diagram illustrates the flow of the Residential Applied Practice Course:


The Applied Practice Course was developed by BCREA, in consultation with the Real Estate Council of British Columbia, the Real Estate Division of the Sauder School of Business and with managing brokers and other stakeholders. Both the Residential and Commercial Applied Practice Courses were designed to focus on building learners’ practical skills and key areas of regulatory requirements, such as agency, contracts and disclosure.

If you have any questions about the Applied Practice Course, contact BCREA’s Education Department at [email protected] or the Real Estate Council of British Columbia’s Education Department at [email protected].



Commercial Trading Services Applied Practice Course

To register for the Commercial Trading Services Applied Practice Course you must have successfully passed the Real Estate Trading Services Licensing Course exam. In accordance with regulations established by the RECBC, you must register for the Commercial Trading Services Applied Practice Course prior to licence issuance. BCREA recommends that you register for the Commercial Trading Services Applied Practice Course immediately upon receipt of your licensing examination results. 

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. 

Upon receipt of your completed application form and tuition fee, BCREA will place you in the FIRST AVAILABLE COURSE. 

This diagram illustrates the flow of the Commercial Applied Practice Course:

Failure to complete Components 2, 3 and 4 of the course within six months of the date of the licence may result in the termination of your real estate licence. For details on how to apply for your licence, visit the Council’s Step by Step Licensing Guide.

Pre-Licensing Requirement

  • Component One: In this two-week online component, learners acquire the knowledge needed to apply and practice the requirements of agency, disclosure and drafting enforceable contracts.  It includes information on the Offer to Lease and Assignments of Contracts. The final Gateway Assignment includes the completion of a Commercial Contract of Purchase and Sale as well as an Offer to Lease.  This component builds on the concepts introduced in the Licensing Course and provides learners with opportunities to assess and build on their competencies through the use of activities, quizzes, discussion forums and Gateway Assessments.  This component is asynchronous and is facilitated by two experienced instructors.

Post-Licensing Requirements

  • Component Two: This component is offered over two days and is facilitated by two experienced instructors in the classroom. Learners practice and apply the knowledge acquired in Component One. Through the use of case studies, learners review the drafting and assignment of contracts. The scenarios presented in this component were developed by commercial licensees and lawyers.  Case studies and industry standard forms are resources used to enhance the learner’s overall knowledge of the core concepts of agency, disclosure and contracts. Learners should come prepared to actively participate in this engaging two-day intensive component.
  • Component Three: This component consists of the completion of six practical field assignments over 4.5 months. Each assignment has clearly stated learning outcomes, instructions for completion, supporting resources and reflection questions. Learners must have received their temporary licence, as they are required to participate in activities requiring a real estate trading services licence in order to complete this component. This component is conducted in a brokerage setting and is supported by online resources. There is no instructor presence in this component of the course as learners are completing the assignments while working in a brokerage and under the supervision of their managing broker.
  • Component Four: This final component of the course provides learners with a final in-class day and serves to review core competencies through the instruction of the current year’s version of Errors and Omissions Insurance Commercial Legal Update.   Learners will also address future professional development to strengthen their skills. This final one-day classroom-based component is facilitated by an experienced instructor.

What if I choose to focus on residential sales in Component Three?

A student registered in the Commercial Trading Services Applied Practice who chooses to focus on residential sales in Component Three or chooses to no longer pursue commercial sales, must: 

  • Inform BCREA that the area of focus for trading services is now primarily residential and no longer commercial; 
  • Register for and complete Component Two of the Residential Trading Services Applied Practice Course. This means retaking Component Two and paying a rescheduling fee; 
  • Register and complete Component Three and Four of the Residential Trading Services Applied Practice Coursewithin six months of licence issuance. 
  • A licensee is not required to surrender his / her licence, but extensions for licensing will not be granted. 
  • Pay a rescheduling fee (30% of the overall course fee) prior to starting Components Two, Three and Four. 

*All Component Three practical field assignments and Component Four must be completed within six months of licence issuance. Extensions for licensing will not be granted.  

The reverse situation would also apply for any student who initially registered in the Residential Trading Services Applied Practice Course and changed areas of focus from residential to commercial trading services. 

If you have any questions about the Applied Practice Course, contact BCREA’s Education Department at [email protected] or the Real Estate Council of British Columbia’s Education Department at [email protected].



Information for Managing Brokers

The practical field assignments required in the Residential Trading Services Applied Practice Course must be completed during the temporary licence period. As a managing broker, you are responsible for the supervision and conduct of related licensees as required under Section 6(2) of the Real Estate Services Act and Section 3-1 of the Real Estate Council of British Columbia Rules. However, how a managing broker chooses to supervise a new licensee is not defined by the Act and is left to the discretion of each individual managing broker.

The practical field assignments are designed to assist new licensees in developing the appropriate competencies to complete a real estate transaction in accordance with the Real Estate Services Act, regulations and Council Rules:

Residential:

  • Listing a Property for Sale – Representing a Seller 1
  • Listing a Property for Sale – Representing a Seller 2
  • Listing a Property for Sale – Representing a Seller 3
  • Establishing Agency and Providing Trading Services
  • Holding an Open House – Your Agency Responsibilities
  • Drafting an Enforceable Contract for a Client OR Drafting an Enforceable Contract for an Unrepresented Party (You are only required to do one, but you can do both if you want to)
  • Researching Properties
  • Presenting an Offer and Negotiating a Counter Offer
  • Final Assignment

Commercial:

  • Listing a Property for Sale – Representing a Seller 1
  • Listing a Property for Sale – Representing a Seller 2
  • Listing a Property for Sale – Representing a Seller 3
  • Establishing Agency and Providing Trading Services
  • Showing a Property
  • Drafting an Enforceable Contract for a Client OR Drafting an Enforceable Contract for an Unrepresented Party (You are only required to do one, but you can do both if you want to)
  • Researching Properties
  • Presenting an Offer and Negotiating a Counter Offer
  • Final Assignment

By completing the practical field assignments licensees will review and develop skills related to the core concepts of agency, disclosure and contracts. They’ll become familiar with using appropriate forms, conduct research and use industry resources including the Professional Standards Manual

Managing brokers are responsible for ensuring that new licensees registered with their brokerage complete the self-paced practical field assignments competently and in accordance with the Act, regulations and Council Rules.

To assist the managing broker in fulfilling these responsibilities, Component three of the new Applied Practice Course provides detailed instruction and resources for new licensees to complete practical field assignments correctly and competently.

For more information, specifically designed for managing brokers on the Trading Services Applied Practice Course, please see the Managing Broker Toolkit links below:

Residential Managing Broker Toolkit:

Commercial Managing Broker Toolkit:

 

If you have any questions about the Applied Practice Course, contact BCREA’s Education Department at [email protected] or the Real Estate Council of British Columbia’s Education Department at [email protected].