Rental Property Manager Licensing
Your decision to undertake a career in real estate merits very careful consideration. Before you review the following steps on how to become licensed as a rental property manager in BC, please review the Real Estate Council of British Columbia’s Real Estate as a Career information. This information describes and explains the various sectors of the real estate industry, the Council’s Good Reputation Guidelines, Age Requirement, Pre-screening, Budget and Expenses, Levels and Categories of Licence, Choosing a Real Estate Brokerage, Interprovincial Licensing, Course Exemptions/Challenges and the Council’s continuing education program.
Prior to registering in the Rental Property Management Licensing Course, individuals should familiarize themselves with the Council’s Good Reputation Guidelines. Applicants who have some concern about whether or not they satisfy the requirements of being of “good reputation” should, prior to registering for the Rental Property Management Licensing Course, submit an Application for Pre-Screening form. An advance decision may thus be obtained as to the applicant’s suitability for licensing, subject to passing the course and examination.
Note: At the time of making licence application, you will be required to submit an original criminal record check along with your licence application to the Council. See step 3 below for details. Please ensure to read all information regarding the criminal record check which is specific for licensing with the Real Estate Council.
Step-by-Step Licensing Guide
The Rental Property Management Licensing Course is offered by the University of British Columbia, Sauder School of Business (Real Estate Division). This blended learning course allows you to register at any time. While the course is flexible in order to meet the needs of busy adult learners, it provides just enough structure to ensure high quality learning. You must complete all course assignments within one year of registration in the course and also pass a final examination. On average, most individuals complete the course and exam within six months, based on completing one assignment a week and usually spending 10 – 12 hours per assignment. The course covers a variety of real estate, legal, valuation and rental property management topics and for detailed information you can view the Table of Contents.
The following student support services are included in the course tuition fee:
- Tutorial assistance from course specialists, through a toll-free number and email.
- Online course resources, containing course updates, study materials, schedules, discussion forums, and tutorial information.
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. External tutorial companies regularly make false claims, such as “only 30% of students pass the exam” or “we’ll guarantee that you will pass the exam”, so that you will spend your money with them. Remember, there are no guarantees and the Real Estate Division works with all students to provide every opportunity for success.
For more course information and online course registration, please visit the UBC Real Estate Division’s Rental Property Management Licensing Course webpage.
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.
Prior to registering for the Rental Property Management Licensing Course examination individuals must satisfy the Language Proficiency Requirement.
You are required to obtain an original criminal record check from your local police agency and submit it along with your licence application to the Council. Click here for detailed information.
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.
Click here for licensing fees.
**Please forward all original documents in one package to the Council office via mail or courier. Please do not email or fax your initial application as the original criminal record check is required.**
Section 10(b)(i) of the Real Estate Services Act requires real estate licence applicants to be at least 19 years of age.
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.
Once an individual has completed the steps noted above, they will be licensed as a representative licensed to provide rental property 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 become a licensed rental property manager includes (but is not limited to) the following financial considerations:
LPI examination (if required) – $109 + tax in BC, $135 + tax outside of BC and 160 + tax in Hong Kong
Licensing fees (includes 2 year licensing fee, Errors & Omissions insurance and Compensation Fund Corporation assessment)
Criminal record check – costs vary depending on police agency.
Additional costs for consideration: smart phone, computer, printer, scanner, website, internet access, car lease and business car insurance, business clothing, etc.