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Fees

 

Refund Guidelines
Licence fees and Compensation Fund assessments are not refundable after licence issuance. If you surrender your licence in the first year of the licensing period, a refund of the second year Errors and Omissions Insurance assessment is available.

If you withdraw your application for any reason prior to licence issuance, the application fee will not be refunded. 

Renewal Guidelines
If your completed renewal application, along with the appropriate fee is not received at the Council’s office by the renewal due date, the application will be treated as a re-licence application, and the re-licensing fee will apply.

The renewal of a secondary managing broker’s licence does not require an Errors & Omissions Insurance assessment.

 

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Licensing Fee Tables

Show/Hide Answer Fees for Individuals

 

First-time Licensing Application $1660
Re-licensing Application
(unlicensed for more than 90 days from licence expiry)
$1660
Licence Renewal Application $1330
Late Renewal (unlicensed less than 90 days from licence expiry) $1360
Licence Transfer or Reinstatement Application $230
Change of Licence Level or Category $230
Secondary Managing Broker Licence Application (with affiliated brokerage) $660
Secondary Managing Broker Licence Renewal (with affiliated brokerage) $630
Secondary Managing Broker Licence Application (with branch office) $660
Secondary Managing Broker Licence Renewal (with branch office) $630
Name Change $30

 

The Council accepts fee payments by VISA, MasterCard, money orders or cheques made payable to the “Real Estate Council of BC.”

 

Show/Hide Answer Fees for Brokerages

 

Initial Licensing Application – Brokerage $1860
Initial Licensing Application – Branch Office $660
Initial Licensing Application – Sole Proprietor
(Please contact the Council for information about licensing as a sole proprietor.)
$1860
Licence Renewal Application – Corporation, Partnership, or Sole Proprietor $1330
Licence Renewal Application – Branch Office $630
Change of Licence Level or Category $230
Name or Address Change $30

 

The Council accepts fee payments by VISA, MasterCard, money orders or cheques made payable to the “Real Estate Council of BC.”

 

Show/Hide Answer Pro-Rated Fee Table for personal real estate corporations

Licensees who apply to licence a personal real estate corporation must submit payment for licensing fees for the period from the date of the application until the expiry date of their individual’s licence. The following table outlines the pro-rated licensing fees.

Please note that the expiry date of the personal real estate corporation licence must match the expiry date of the controlling individual’s licence.  Therefore the fees for a personal real estate corporation will be pro-rated depending on the number of months between the personal real estate corporation licence issue date and the controlling individual’s licence expiry date.  Fees are charged for full months only. 

In order to calculate the fees required for a personal real estate corporation, determine what the expiry date is for the controlling individual’s licence. This can be found on the licence certificate or by using the Licensee Search.  Then calculate the number of full months between the date of submission of the personal real estate corporation application and the expiry date of the controlling individual’s licence.  For example, if the application is submitted on January 8, 2017 and it will expire on November 29, 2017 (which would be the expiry date of the controlling individual’s licence), the fees would be calculated from January 8 – November 8 (10 months). There is no payment required for the partial month between November 8 and November 29.

If you are applying for a full two-year licence, the fees will be for 24 months. Please note that if application processing is delayed due to deficiencies and the fee amounts are affected, the amounts will be re-calculated prior to licence issuance.    

Number of full months between application date and
the expiry date of the controlling individual’s licence
 
1 $70
2 $138
3 $209
4 $277
5 $347
6 $415
7 $485
8 $553
9 $624
10 $692
11 $762
12 $830
13 $900
14 $968
15 $1,039
16 $1,107
17 $1,177
18 $1,245
19 $1,315
20 $1,383
21 $1,454
22 $1,522
23 $1,592
24 $1,660

 

The Council accepts fee payments by VISA, MasterCard, money orders or cheques made payable to the “Real Estate Council of BC.”