Real Estate Sales

a man and a woman and their boy excitedly walk into their new home

Real estate professionals who help consumers to buy, sell, or lease property in B.C. must be licensed to provide trading services (real estate sales). As a real estate professional licensed for real estate sales, you will be able to: 

  • List property for sale or lease; 
  • Find properties for your clients; 
  • Present offers; and 
  • Draft contracts of purchase and sale or offers to lease. 

Professionals licensed for real estate sales usually receive a commission for their services. All real estate professionals provide their services through a real estate brokerage and are overseen by a managing broker who has responsibility for the activities of all the licensed professionals at the brokerage. 

Step-by-Step Licensing Guide 

This step-by-step licensing guide gives you an overview of the education and training required to become licensed in B.C. 

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

  • The real estate industry; 
  • BCFSA’s licensing and education requirements; and 
  • An outline of anticipated expenses and budget items. 
  • 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 BCFSA’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. 

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

  • 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 licensed. Your license application must be signed by the managing broker of a real estate brokerage in B.C. that is prepared to engage you. 

  • You must complete a criminal record check within 90 days prior to submitting your licence application to BCFSA. For those completed through Triton Canada, please indicate you have obtained a criminal record check online in the email of your licence application submission. For those completed in-person, please submit the original criminal record check along with your licence application in one package by courier or mail to BCFSA.

    In order to avoid unnecessary delays in licensing you are encouraged to obtain a criminal record check before you begin 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 BCFSA’s Good Reputation, Suitability and Fitness Guidelines. If you still have questions, you may wish to seek legal advice.

  • You may choose to take either the Residential or Commercial version of the Applied Practice course. 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 license can be issued. You will have up to six months to complete the final components of the course while working at your brokerage. Visit the course page 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 license will be terminated. 

    Please Note: If your Applied Practice course Component 2 (or Commercial Component 1) will not be completed by April 1, you are required to pay the updated licensing fee. Please refer to the second column on the licensing fee page

  • As soon as you have started the Applied Practice course, mail or courier your completed license application to BCFSA. 

    Please make sure your application includes ALL of the following: 

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

    Please Note: If your Applied Practice course Component 2 (or Commercial Component 1) will not be completed by April 1, you are required to pay the updated licensing fee. Please refer to the second column on the licensing fee page. 

    Mail or courier your completed application with all required documents to: BC Financial Services Authority, #600-750 West Pender Street | Vancouver, B.C. | 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. 

    BCFSA will only hold applications in pending status for 90 days. If you are notified that your application is incomplete, or that further information is required, please respond promptly to address the deficiencies. 

  • Once you have received your license, 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 license will be terminated. 

Accommodation Requests 

Prospective real estate professionals may apply for an accommodation for this course on the basis of a limitation which results from or is associated with a protected characteristic under section 14 of the B.C. Human Rights Code (Protected Characteristic). 

All accommodation requests will be evaluated under BCFSA’s Accommodation Policy. Please keep in mind that the authority and the responsibility to evaluate and make a decision about an accommodation request lie with BCFSA. 

BCFSA maintains accommodation-related information in strict confidence and will not use the information for a purpose other than evaluating the accommodation request to which the information relates. 

Apply for an Accommodation