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Applied Practice Course 

 

Before becoming licensed to provide real estate trading services (real estate sales), you must complete the Real Estate Trading Services Licensing Course and an Applied Practice Course. For a step-by-step guide to gaining a real estate licence, please visit our Careers in Real Estate page.

 

About the Applied Practice Courses

 

RECBC’s Applied Practice Courses focus on building learners’ practical skills and on key areas of regulatory requirements, such as agency, contracts and disclosure. There are two Applied Practice Courses: the Residential Trading Services Applied Practice Course and the Commercial Trading Services Applied Practice Course. Learners who intend to specialize in commercial real estate should register for the commercial version of the course (see below for instructions on how to register), while those who intend to practice in the area of residential sales should register for the residential version. You will only need to complete one Applied Practice Course.

The courses were developed in consultation with the Real Estate Division of the Sauder School of Business and with managing brokers and other stakeholders. They are offered at several locations throughout the province, and delivered by trained instructors who are experienced real estate professionals.

  • Learners must complete a portion of the course before they can receive their temporary licence. Once learners have received their temporary licence, they may begin conducting real estate services and can proceed to complete the remaining portions of the course.
  • The course includes online components, face-to-face classroom time and field assignments that learners complete while working in their brokerage.
  • Learners will spend two to three weeks in the course before they are licensed and a further 4.5 months completing both classroom and practical field assignment components.

RECBC reserves the right to amend course schedules, course availability, fees, content, policies, manuals and other reference materials without notice at its sole and absolute discretion. Learners may be required at any time to incur expenses such as travel and accommodation expenses in relation to the course, whether the course schedule is amended or not, and those expenses shall be the sole responsibility of the student.

 

Residential Trading Services Applied Practice Course

 

To register for the Residential Trading Services Applied Practice Course you must have successfully passed the Real Estate Trading Services Licensing Course exam.

You must register for the Residential Trading Services Applied Practice Course prior to licence issuance. We recommend that you register immediately upon receipt of your licensing examination results.

For more information about the course components, the schedule or to register, please click the button below or visit https://register.recbc.ca/.

This diagram illustrates the flow of the Residential Trading Services Applied Practice Course:

 

If you have any questions about the Residential Trading Services Applied Practice Course, please visit our course FAQ page or contact our Education Department at [email protected].

For details on how to apply for your licence, see our Step by Step Licensing Guide.

 

Commercial Trading Services Applied Practice Course

 

To register for the Commercial Trading Services Applied Practice Course you must have successfully passed the Real Estate Trading Services Licensing Course exam.

You must register for the Commercial Trading Services Applied Practice Course prior to licence issuance. We recommend that you register for the course immediately upon receipt of your licensing examination results.

Your application must be accompanied by a letter confirming that your primary practice area will be commercial real estate. The letter must be signed by a managing broker, director or officer of the brokerage at which you intend to practice.

Upon receipt of your completed application form and tuition fee, we will place you in the first available course.

This diagram illustrates the flow of the Commercial Trading Services Applied Practice Course:

Failure to complete Components 2, 3 and 4 of the course within six months of the date of the licence may result in the termination of your real estate licence. For details on how to apply for your licence, see our Step by Step Licensing Guide.

Pre-Licensing Requirement

  • Component One: In this two-week online component, learners acquire the knowledge needed to apply and practice the requirements of agency, disclosure and drafting enforceable contracts. It includes information on the Offer to Lease and Assignments of Contracts. The final Gateway Assignment includes the completion of a Commercial Contract of Purchase and Sale as well as an Offer to Lease. This component builds on the concepts introduced in the Licensing Course and provides learners with opportunities to assess and build on their competencies through the use of activities, quizzes, discussion forums and Gateway Assessments. This component is asynchronous and is facilitated by two experienced instructors.

Post-Licensing Requirements

  • Component Two: This component is offered over two days and is facilitated by two experienced instructors in the classroom. Learners practice and apply the knowledge acquired in Component One. Through the use of case studies, learners review the drafting and assignment of contracts. The scenarios presented in this component were developed by commercial real estate professionals and lawyers. Case studies and industry standard forms are used to enhance the learner’s overall knowledge of the core concepts of agency, disclosure and contracts. Learners should come prepared to actively participate in this engaging two-day intensive component.
  • Component Three: In this component learners will complete six practical field assignments over 4.5 months. Each assignment has clearly stated learning outcomes, instructions for completion, supporting resources and reflection questions. Learners must have received their temporary licence, as they are required to participate in activities requiring a real estate trading services licence in order to complete this component. This component is conducted in a brokerage setting and is supported by online resources. There is no instructor presence in this component of the course as learners are completing the assignments while working in a brokerage and under the supervision of their managing broker.
  • Component Four: Learners will participate in a final in-class day, reviewing core competencies through the instruction of the current year’s version of Commercial Legal Update. Learners will also consider future professional development to strengthen their skills. This final one-day classroom-based component is facilitated by an experienced instructor.

Show/Hide Answer Open All

Show/Hide AnswerWhat if I choose to focus on residential sales in Component Three?

A learner registered in the Commercial Trading Services Applied Practice who chooses to focus on residential sales in Component Three or chooses to no longer pursue commercial sales, must:

  • Inform RECBC that their area of focus is now primarily residential and no longer commercial;
  • Register for and complete Component Two of the Residential Trading Services Applied Practice Course. ;
  • Pay a rescheduling fee (30% of the overall course fee) prior to starting Components Two, Three and Four; and
  • Register and complete Component Three and Four of the Residential Trading Services Applied Practice Course within six months of licence issuance.

The learner is not required to surrender his / her licence, but extensions for licensing will not be granted.

*All Component Three practical field assignments and Component Four must be completed within six months of licence issuance. Extensions for licensing will not be granted.

The reverse situation would also apply for any student who initially registered in the Residential Trading Services Applied Practice Course and changed areas of focus from residential to commercial trading services.

 

If you have any questions about the Commercial Trading Services Applied Practice Course, please visit our course FAQ page or contact our Education Department at [email protected].

 

Information for Managing Brokers

 

The practical field assignments required in the Applied Practice Courses must be completed during the temporary licence period. As a managing broker, you are responsible for the supervision and conduct of related licensees as required under Section 6(2) of the Real Estate Services Act (RESA) and Section 3-1 of the Rules. However, how a managing broker chooses to supervise a new licensee is not defined by RESA and is left to the discretion of each individual managing broker.

The practical field assignments are designed to assist new licensees in developing the appropriate competencies to complete a real estate transaction in accordance with RESA, the Regulation and Rules:

Residential:

  • Assignment 1: Listing a Property for Sale – Representing a Seller
  • Assignment 2: Establishing Agency and Providing Trading Services to or on behalf of a Buyer
  • Assignment 3: Holding an Open House – Your Agency Responsibilities
  • Assignment 4: Researching Properties
  • Assignment 5: Presenting an Offer and Negotiating a Counter-Offer
  • Assignment 6: Drafting an Enforceable Contract of Purchase and Sale

Commercial:

  • Assignment 1: Listing a Property for Sale – Representing a Seller
  • Assignment 2: Establishing Agency and Providing Trading Services to or on behalf of a Buyer
  • Assignment 3: Showing a Property – Your Agency Responsibilities
  • Assignment 4: Researching Properties
  • Assignment 5: Drafting an Enforceable Commercial Contract of Purchase and Sale or an Offer to lease – either for a client or unrepresented party
  • Assignment 6: Presenting an Offer and Negotiating a Counter-Offer

By completing the practical field assignments licensees will review and develop skills related to the core concepts of agency, disclosure and contracts. They’ll become familiar with using appropriate forms, conduct research and use regulatory resources including the Professional Standards Manual.

Managing brokers are responsible for ensuring that new licensees registered with their brokerage complete the self-paced practical field assignments competently and in accordance with RESA, the Regulation and Rules.

To assist the managing broker in fulfilling these responsibilities, Component three of the Applied Practice Courses provides detailed instruction and resources for new licensees to complete practical field assignments correctly and competently.

If you have any questions about the Applied Practice Courses, please visit our course FAQ page or contact our Education Department at [email protected].