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Trading Services (Sales) Licensing

 

This step-by-step licensing guide gives you an overview of the education and training required to become licensed to conduct trading services in BC.

Make sure you also read about Real Estate as a Career, which gives you important information about

  • the real estate industry,
  • RECBC’s licensing and education requirements,
  • an outline of anticipated expenses and budget items.

 

About the Role of a Trading Services Licensee

Trading services licensees provide real estate services to assist individuals who wish to buy, sell or lease property. These services may include:  

  • listing a property for sale or lease,
  • finding properties for their clients,
  • presenting offers, and
  • drafting contracts of purchase and sale or offers to lease.

Trading service licensees usually receive a commission as compensation for their services. All trading services licensees provide services through a real estate brokerage and are overseen by a managing broker who has responsibility for the activities of licensees at the brokerage.

 


 

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Step-by-Step Licensing Guide

Show/Hide AnswerBefore You Begin

Before registering in the licensing course or applying to RECBC for licensing, carefully review the following information to make sure you have considered all the requirements for becoming licensed in BC.

 

  • Do you meet the Good Reputation Guidelines?

Make sure you are familiar with RECBC’s Good Reputation Guidelines. If you are concerned about whether you satisfy these requirements, you may wish to seek legal advice. 

 

  • Will you satisfy the English Language Proficiency Requirement?

Before you can register to write the licensing exam, you must demonstrate that you meet the minimum English language requirements.

Please take steps to ensure that you satisfy these requirements before registering in the licensing course. Find out more about the English Language Proficiency Requirement.

 

  • Do you satisfy RECBC’s employment criteria?

To apply for licensing in British Columbia you must satisfy one of the following employment criteria proving that you are eligible to work in Canada:

  • be a Canadian citizen
  • be of Permanent Resident status
  • hold a valid work permit/visa
  • be of Landed Immigrant status

Note: work permit/visa must not have any restrictions that would preclude you from engaging in real estate activity/employment.

 

Show/Hide AnswerStep 1: Register for and Successfully Complete the Licensing Course and Examination

The Real Estate Trading Services Licensing Course is offered by the UBC Sauder School of Business, Real Estate Division.  

The course is flexible in order to meet the needs of busy adult learners, with just enough structure to ensure high-quality learning. You can register at any time during the year for this self-paced blended learning course. For more course information and to register online, please visit the UBC Sauder School of Business, Real Estate Division’s Real Estate Trading Services Licensing Course

Students in the licensing course must: 

  • complete all course assignments within one year of registering. The course assignments take a minimum of 10 weeks to complete. On average, most individuals complete the course and exam within six months, based on completing one assignment a week and usually spend 10-12 hours per assignment. 
  • obtain a minimum grade of 70% in order to pass the licensing examination. 

The course covers a variety of real estate, legal, valuation, and trading services topics. 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.

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

For more course information and online course registration, please visit the UBC Sauder School of Business, Real Estate Division’s Real Estate Trading Services 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.

RECBC and the UBC Sauder School of Business, Real Estate Division are not affiliated with any external tutorial classes. These services are not monitored and RECBC and the UBC Sauder School of Business, 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 UBC Sauder School of Business, Real Estate Division works with all students to provide every opportunity for success.

Show/Hide AnswerStep 2: Review the Licence Application Form

Make sure you understand all the information that is required as part of the Application for Representative, Associate, or Managing Broker Licensing form.

Show/Hide AnswerStep 3: Talk to Brokerages

Begin talking to real estate brokerages to find the brokerage that is the right fit for you and to make arrangements to join the brokerage when you are licenced. Your licence application must be signed by the managing broker of a real estate brokerage in BC that is prepared to engage you.

 

Show/Hide AnswerStep 4: Obtain a Criminal Record Check

You must submit an original criminal record check completed within the previous 90 days along with your licence application to RECBC. In order to avoid unnecessary delays in licensing you are encouraged to obtain a criminal record check before you being the Applied Practice Course. If you have a criminal record or charges to disclose, please also provide a statement explaining the circumstances that gave rise to any convictions or charges as well as copies of sentencing documents. Find more information on the criminal record check requirements.

 

If you have concerns about your eligibility for licensing, review RECBC’s Good Reputation Guidelines. If you still have questions, you may wish to seek legal advice.

 

Show/Hide AnswerStep 5: Register for and Start the Applied Practice Course

You may choose to take either the Residential or Commercial version of the Applied Practice Course delivered by the British Columbia Real Estate Association (BCREA). It is a blended course, consisting of four components delivered online and in the classroom. The Applied Practice Course builds on the technical knowledge provided in the Real Estate Licensing Course, giving you opportunities to practice the skills you’ll need most as a real estate professional.

 

You must complete the required pre-licensing components of the course before your licence can be issued. You will have up to six months to complete the final components of the course while working at your brokerage. Visit BCREA’s website for full information and to register in the Applied Practice Course.

 

You must complete all components of the Applied Practice Course within the prescribed time limits or your licence will be terminated.

 

Show/Hide AnswerStep 6: Apply for Licensing

As soon as you have started the Applied Practice Course, mail or courier your completed licence application to RECBC.

Please make sure your application includes ALL of the following:

  1. A completed Application for Representative, Associate or Managing Broker Licence form. 
  2. An original criminal record check from your local police agency. 
  3. A copy of government-issued photo identification.
  4. The appropriate licensing fee.

Mail or courier your completed application with all required documents to: Real Estate Council of British Columbia, #900-750 West Pender Street| Vancouver, BC| Canada| V6C2T8

Please send your application, including all original documents (no photocopies or scans) in one package by mail or courier. Do not email or fax your application.

 

Show/Hide AnswerStep 7: Complete the Applied Practice Course

Once you have received your licence, you must complete all remaining components of the Applied Practice Course within six months.

If you do not complete the entire Applied Practice Course, your licence will be terminated.

 

Show/Hide AnswerFurther Information

One Year Time Limit: You must apply for licensing within one year of the date on which you successfully completed the licensing examination. If more than one year has elapsed, you will be required to rewrite the examination and/or recomplete the Real Estate Trading Services Licensing Course. No exceptions.

 

Relicensing Education Program: Once licensed, you will be required to complete continuing education during each two-year licence period as a condition of continued licensing. For further information, please see the Relicensing Education Program page.

 

Budget: Before you make the commitment to becoming licensed, it is important to consider all the costs you may encounter and budget appropriately.  Some of the costs to consider include: