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
-
Prior to registering for the Rental Property Management Licensing Course examination individuals must satisfy the Language Proficiency Requirement.
Step 3
-
After you have successfully completed the Rental Property Management Licensing Course and examination, you may apply to the Real Estate Council of British Columbia for licensing as a representative licensed to provide rental property management services by completing the Application for Representative, Associate or Managing Broker Licence form.
-
You must submit clear copies of two pieces of identification along with your application. Click here for acceptable forms of identification.
-
Please email a scanned copy of the application form, credit card payment form and any necessary attachments, including the required ID to, info@recbc.ca.
-
Section 10(b)(i) of the Real Estate Services Act requires real estate licence applicants to be at least 19 years of age.
Notes:
-
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.
-
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.
-
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. You must submit clear copies of two pieces of identification along with your application. Click here for acceptable forms of identification.
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
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) - $103.95 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.