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How do I become licensed as a Rental Property Manager in British Columbia?

Step 1

  • Qualify for licensing by taking the Rental Property Management Licensing Course offered by the University of British Columbia Real Estate Division. It is a self-paced correspondence course comprised of 20 multiple choice assignments and a 3-hour multiple choice final exam. Individuals may register for the course at any time and 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 course information and online course registration, please visit the UBC Real Estate Division's Rental Property Management Licensing Course webpage.

  • IMPORTANT NOTE ABOUT EXTERNAL TUTORS/LECTURES.  Students are encouraged to take advantage of the Tutorial Assistance and Lectures provided with their Trading Services Licensing course rather than spending additional money on external tutors/lectures.  It is important to note that the Real Estate Council and UBC Real Estate Division have no ties with tutorial classes provided by other members or organizations of the real estate industry and do not monitor or check the services they provide.  Therefore, the Real Estate Council and UBC Real Estate Division cannot be responsible for any information provided by these individuals or companies.

  • If you feel that you have previous education or experience that would exempt you from either the Licensing Course or Examination, please review the Council's Education Exemption Guidelines.

Step 2

Step 3

Notes:

  1. When applying for licensing, individuals must have their intended employer sign the application for licensing. It is recommended that while individuals are taking the Rental Property Management Licensing Course they meet with potential employers.

  2. Should more than one year elapse from the time you pass the licensing exam until a licence application is submitted by you, you will be required to pass the exam again. No exceptions.

  3. As a Criminal Record Check is conducted by the Council prior to initial licensing, first-time licensees should expect to wait up to 3 weeks for their application to be processed. Alternatively, applicants may have the RCMP send a current (dated within the last 30 days) Certified Criminal Record Check, that has been obtained through fingerprints, directly to the Real Estate Council in a sealed envelope.

Once an individual has completed the three steps noted above, they will be licensed as a representative licensed to provide rental property management services.

Relicensing Education Program

Effective January 1, 2007, the Relicensing Education Program (REP) requires licensees to complete two courses every licensing cycle as a condition of continued licensing.  For further information, please see the REP page.

Budget

Making a commitment to become a licensed rental property manager includes (but is not limited to) the following financial considerations: 

  • Rental Property Management Licensing Course - $875

  • LPI examination (if required) - $53 plus study materials

  • Licensing fee - $1200 (includes 2 year licensing fee, Errors & Omissions insurance and Compensation Fund Corporation assessment)

  • Additional costs for consideration: desk fees, business cards, signs, cell phone, fax, PDA, computer, printer, website, internet access, car lease and business car insurance, business clothing, etc.