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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 wish to become licensed at the broker level as either an Associate broker or a Managing broker.  If you are wanting to become licensed for the first-time, click on either “Trading Licensing (Sales)”, “Rental Manager Licensing” or “Strata Manager Licensing” under the main “Licensing” tab.

In order to obtain a Broker’s licence, you must successfully complete the Broker’s Business Planning and Financial Management Licensing Course and Examination. In order 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, an individual must be licensed as a representative for two years in the five years preceding 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. (Note: Licensees who have been licensed since 1994, or earlier, and 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.)

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 responsbilities 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.  In this regard, 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.

Step 1

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.

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.

Step 2

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.

Step 3 (Optional)

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).

Relicensing Education Program

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.

Budget

Making a commitment to becoming an Associate or Managing Broker also includes the following financial considerations.