Licensing Fees

In order to gain and maintain your professional status, you must pay for licensing. Find the fees for an individual, brokerage or Personal Real Estate Corporation licence.

Women with phone sitting at computer. Legislation & Policies

RECBC’s licensing fees enable us to protect consumers by enforcing the Real Estate Services Act and educating, licensing, auditing, investigating and disciplining real estate  professionals.

Licence fees can be paid by Mastercard, VISA, money order or cheque made payable to the “Real Estate Council of BC”. We do not accept payment in cash.

Refund Guidelines

 

Licence fees and Compensation Fund assessments are not refundable after licence issuance. If you surrender your licence in the first year of the licensing period, a refund of the second year Errors and Omissions Insurance assessment is available.

If you withdraw your application for any reason prior to licence issuance, the application fee will not be refunded.

Contact us to learn more 

Late Renewal?

Your renewal application, evidence of continuing education course completion and the appropriate fee must be received at RECBC’s office by the renewal due date.

Otherwise, the application will be treated as a Late Renewal (if received within 90 days of licence expiry) and you will be charged a Late Renewal fee.

Individual Licence Fees

 As of April 1, 2018
First-Time Licensing Application$1,800

Re-licensing Application

(unlicensed for more than 90 days from licence expiry)

$1,800
Licence Renewal Application$1,450
Late Renewal (unlicensed less then 90 days from licence expiry)$1,500
Licence Transfer or Reinstatement Application$250
Change of Licence Level or Category$250
Secondary Managing Broker Licence Application$800
Secondary Managing Broker Licence Renewal$750
Name Change$50

Submit fees by Mastercard, VISA, money order or cheque made payable to the “Real Estate Council of BC”. We do not accept payment in cash. 

Brokerage Licence Fees

 As of April 1, 2018
Initial Licensing Application — Brokerage$2,000
Initial Licensing Application — Branch Office$800

Initial Licensing Application — Sole Proprietor

(Please contact RECBC  for information about licensing as a sole proprietor.)

$2,000
Licence Renewal Application — Corporation, Partnership, or Sole Proprietor$1,450
Licence Renewal Application — Branch Office$750
Change of Licence Level or Category$250
Name or Address Change$50

Submit fees by Mastercard, VISA, money order or cheque made payable to the “Real Estate Council of BC”. We do not accept payment in cash. 

Personal Real Estate Corporation First Time Fee Table

Full Months*Fee**
1$362
2$425
3$488
4$550
5$613
6$675
7$737
8$800
9$863
10$925
11$988
12$1,050
13$1,112
14$1,175
15$1,238
16$1,300
17$1,363
18$1,425
19$1,487
20$1,550
21$1,613
22$1,675
23$1,738
24$1,800

* Number of full months between application date and the expiry date of the controlling individual’s licence
** As of October 1, 2020, this fee includes a contribution to the Real Estate Compensation Fund Corporation, and a pro-rated amount for licensing and Errors and Omissions Insurance fees. 

Submit fees by Mastercard, VISA, money order or cheque made payable to the “Real Estate Council of BC”. We do not accept payment in cash. 

Understanding the Fee

The fee for your personal real estate corporation licence depends on the expiry date of your individual licence. You can find the expiry date on the licence certificate or by using the Find a Professional Search. Then calculate the number of full months between the date you submitted the personal real estate corporation application and the expiry date of your individual licence.

For example, if you submit a personal real estate licence application on January 8, 2020 and your individual licence will expire on November 29, 2020, the fees would be calculated from January 8 – November 8 (10 months). There is no payment required for the partial month between November 8 and November 29.

Expiry Date

 

The expiry date of the personal real estate corporation licence must match the expiry date of your individual licence. We will pro-rate the fees for your personal real estate corporation  based on the number of months between the issue date of your personal real estate corporation licence and the expiry date of your individual licence.

Fees are charged for full months only.