Managing or Associate Broker Licensing
Broker licensing is an advanced, higher level of licensing than the entry level representative licence. This page provides information for individuals who are already licensed and who now wish to become licensed as either an Associate broker or a Managing broker.
Find out more about:
- Role of the Associate or Managing Broker
- Prerequisites for Managing Broker or Associate Broker Licensing
- Step by Step Licensing Guide
Associate Broker: An associate broker has a more advanced level of real estate education than a representative. The Associate broker learns the necessary skills to operate a real estate brokerage in accordance with the Real Estate Services Act. Click here for a summary of the skills covered in the Broker’s Business Planning and Financial Management Licensing course. An Associate broker has the option to become a managing broker without further education. Click here for a list of associate broker responsibilities as outlined in the Council Rules.
Managing Broker: It is a requirement of the Real Estate Services Act that every brokerage (including sole proprietorships) have a managing broker in place at all times. The managing broker provides a “second look” at the work of all licensees in the brokerage and is a built-in information and advice resource for licensees and members of the public. A managing broker’s responsibilities apply to all activities of the brokerage that require licensing under the Act. The managing broker must be in active charge of the business of the brokerage and must ensure that there is an adequate level of supervision of the licensees engaged by the brokerage. Click here for a list of managing broker responsibilities as outlined in the Council Rules.
To obtain a Broker’s licence, you must successfully complete the Broker’s Business Planning and Financial Management Licensing Course and Examination. To register for the Broker’s Business Planning and Financial Management Licensing Course, you must have not less than six months’ licensed experience in British Columbia. In addition, you must have been licensed as a representative for two years in the five years preceding your application for licensing at the broker level.
Individuals may be licensed at the broker level for a single service licence category or a combination of service categories (e.g.: trading and/or rental and/or strata management services). When upgrading to the broker level, generally an individual will continue to be licensed in the same categories that they were licensed for as a representative. Should an individual wish to add service categories to their licence, the appropriate Supplemental Course(s) must be completed.
Licensees who have been licensed since 1994 or earlier and who wish to continue providing rental property management services at the broker level will be required to complete the Rental Property Management Supplemental Course and Examination in addition to completing the Broker’s Business Planning and Financial Management Licensing Course and Examination.
Qualify for licensing as a broker by taking the Broker’s Business Planning and Financial Management Licensing Course offered through the Real Estate Division at the University of British Columbia. It is blended learning course comprised of 20 multiple choice and 3 written review assignments. There is a 3-hour multiple choice and written (short paragraph answer) final exam. Students have one year from the date of registration to complete the course however, on average, most individuals complete it within six months based on completing one assignment a week usually spending 10 – 12 hours per assignment.
Effective January 1, 2017, students must obtain a minimum grade of 70% in order to pass the licensing examination.
For more information and online course registration, please visit the UBC Real Estate Division’s Broker’s Licensing Course webpage.
If you feel that you have previous education or experience that would exempt you from either the Broker’s Business Planning and Financial Management Licensing Course or Examination, please review the Council’s Education Exemption Guidelines.
After successful completion of the Broker’s Business Planning and Financial Management Licensing Course and Examination, you must apply to change your licence status to Associate or Managing Broker with the Real Estate Council of British Columbia.
Click on this link for the Application for Representative, Associate or Managing Broker Licence to upgrade your licence.
Click here for licensing fees.
Complete the appropriate Supplemental Course and Examination through the Real Estate Division at UBC to add service categories (e.g.: trading and/or rental and/or strata management services).
The Relicensing Education Program (REP) requires licensees to complete a course during each two-year licensing period as a condition of continued licensing. For further information, please see the REP page.
Making a commitment to becoming an Associate or Managing Broker also includes the following financial considerations.
Supplemental Course (if required) – $590
Related business expenses, i.e. computer, cell phone, PDA, internet access, etc.