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Real estate professionals licensed for rental property management provide real estate services to or on behalf of owners of rental real estate. Services that rental property managers provide include:
- Helping owners find tenants for their properties;
- Advising on the appropriate rent for a rental property;
- Advertising and showing rental properties;
- Assisting with tenant applications;
- Negotiating the rental rate on behalf of the owners;
- Collecting rent or security deposits; and
- Managing the rental real estate on behalf of the owners.
All licensed rental property managers provide their services through real estate brokerages. They are overseen by a managing broker who has responsibility for the activities of the professionals at the brokerage.
This step-by-step licensing guide gives you an overview of the education and training required to become licensed as a rental property manager 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 Rental Property Management 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 Rental Property Management 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. Each assignment takes approximately 10-12 hours to complete.
- Obtain a minimum grade of 70% on the licensing examination.
For detailed information regarding the course topics, 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.
IMPORTANT NOTE ABOUT EXTERNAL TUTORS/LECTURES.
Students are encouraged to take advantage of the tutorial assistance and lectures provided with their Rental Property Management Licensing course rather than spending additional money on external tutors/lectures.
BCFSA and the UBC Sauder School of Business, Real Estate Division are not affiliated with any external tutorial classes. These services are not monitored and BCFSA 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.
Make sure you understand all the information that is required as part of the Application for Representative, Associate or Managing Broker license 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 submit an original criminal record check completed within the previous 90 days along with your license application to BCFSA. 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.
After you have successfully completed the Rental Property Management Licensing course and examination, you may apply to BCFSA for licensing as a representative licensed to provide rental property management services by completing the Application for Representative, Associate or Managing Broker licence form.
Please make sure your application includes ALL of the following:
- A completed Application for Representative, Associate, or Managing Broker Licence form;
- An original criminal record check from your local police agency;
- A copy of government-issued photo identification; and
- The appropriate licensing fee.
If you obtained a criminal record check from your local police agency, please send your application, including all original documents (no photocopies or scans) in one package by mail or courier to:
BC Financial Services Authority, #600-750 West Pender Street | Vancouver, B.C. | Canada | V6C2T8
If your criminal record check was obtained via Triton, you may submit your application via email to [email protected], noting your check was obtained via Triton in the body of the email.
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.