MANDATORY FOR: ALL REAL ESTATE PROFESSIONALS
RECBC’s Anti-Money Laundering in Real Estate course is designed to give you the tools and knowledge you need to help prevent illicit funds from entering our real estate markets. By staying current and informed on anti-money laundering requirements and best practices, you can ensure that consumers are well-protected, and that the public can have confidence in BC’s real estate industry.
Cost: $50 until June 30, 2020
Learn more about why RECBC has developed the course, and the impacts of money laundering in real estate, in this brief video with Erin Seeley, CEO of RECBC, and Peter German, author of the Dirty Money reports and an authority on anti-money laundering policies in Canada.
All licensed real estate professionals with licences expiring on or after April 1, 2020 are required to complete the Anti-Money Laundering in Real Estate course. Whether you are a representative, an associate broker or a managing broker and whether you provide trading services, rental property management services or strata management services, you’ll learn valuable information about preventing money laundering in this new course.
This self-paced online course gives you the information you need to understand why real estate is attractive to money launderers, how to identify red flags for money laundering, and the steps to take to report suspicious transactions.
Most importantly, you’ll learn how to incorporate that knowledge into real actions that you can practice in your business. As a real estate professional, you are uniquely positioned to identify and report suspicious transactions because of your close working relationship with clients.
We encourage you to take the course as soon as possible within your two-year licensing period. Completion of the course is required in order to renew a licence beginning April 1, 2020.
For a limited time, save on the course fee.
|April 1 — June 30, 2020||$50|
after June 30, 2020
* All real estate professionals are eligible to take advantage of the Anti-Money Laundering in Real Estate Course course promotional pricing. Anyone who registers for the course during this promotional period and successfully completes the course will be able to use it towards satisfying the continuing education requirements for their next licence renewal occurring on, or before, March 31, 2022.
Course fees must be paid upon registration.
Course revenues support the development of further educational resources and courses to enhance your knowledge and support you to comply with regulatory requirements.
Anti-Money Laundering in Real Estate is an online course that can be completed at your own pace over a three day period. In most cases, it is estimated the course will require a total of 3-5 hours to complete.
The course must be completed within three days of registering, or the learner will be required to re-register.
Developed in collaboration with anti-money laundering experts, the course is available through the Real Estate Division at UBC. It is a mandatory continuing education course for all licensed real estate professionals in BC. We thank FINTRAC for their support in this project.
|Introduction and Money Laundering Basics|
|Module 2||Background on the Anti-Money Laundering Regime|
|Module 3||Real Estate and Money Laundering|
|Module 4||Overview of Compliance Obligations|
|Module 5||Suspicious Transactions|
|Module 6||Emerging Issues|
The course includes videos and knowledge check questions within each module. You will have three days from the start date you select in order to complete the course.
You must complete all course modules AND obtain a passing grade of at least 70% on the final assessment.
Once you have passed the final assessment, you will receive a course completion letter.
Registration for Anti-Money Laundering in Real Estate is online through the UBC Sauder School of Business website.
Have your licence number and UBC Real Estate Division student ID number — will open in a new tab (if you have one) ready when you register for the course. Find your licence number using our Find a Professional search page.
- On the registration page, select a start date that suits your schedule from the list of available dates. You’ll have three days from the start date you select in which to complete the course.
- This is an online course that you can take at your own pace over a three day period and should take 3-5 hours to complete.
Once your registration has been processed, you will receive a confirmation email from the UBC Sauder School of Business with details for accessing the online course.