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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 license.
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BCFSA’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.
License fees can be paid by Mastercard, VISA, money order or cheque made payable to the “BC Financial Services Authority”. We do not accept payment in cash.
Individual License Fees
Please be sure to review the tables below carefully.
Learn more about what is included in the licensing fee.
| Type of Application | Fee |
|---|---|
| First-Time Licensing Application | $2,000 |
| Re-licensing Application(unlicensed for more than 90 days from licence expiry) | $2,000 |
| Licence Renewal Application | $1,650 |
| Late Renewal (unlicensed less then 90 days from licence expiry) | $1,700 |
| Licence Transfer or Reinstatement Application | $250 |
| Change of Licence Level or Category | $250 |
| Secondary Managing Broker Licence Application | $1,000 |
| Secondary Managing Broker Licence Renewal | $950 |
| Name Change | $50 |
Submit fees by Mastercard, VISA, money order or cheque made payable to the “BC Financial Services Authority”. We do not accept payment in cash.
Brokerage Licence Fees
| Type of Application | Fee |
|---|---|
| Initial Licensing Application — Brokerage | $2,200 |
| Initial Licensing Application — Branch Office | $1,000 |
| Initial Licensing Application — Sole Proprietor (Please contact BCFSA for information about licensing as a sole proprietor.) | $2,200 |
| Licence Renewal Application — Corporation, Partnership, or Sole Proprietor | $1,650 |
| Licence Renewal Application — Branch Office | $950 |
| 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 “BC Financial Services Authority”. We do not accept payment in cash.
Personal Real Estate Corporation First Time Fee Table
| Full Months* | Fee** |
|---|---|
| 1 | $71 |
| 2 | $141 |
| 3 | $213 |
| 4 | $284 |
| 5 | $354 |
| 6 | $425 |
| 7 | $496 |
| 8 | $566 |
| 9 | $638 |
| 10 | $709 |
| 11 | $779 |
| 12 | $850 |
| 13 | $921 |
| 14 | $991 |
| 15 | $1,063 |
| 16 | $1,134 |
| 17 | $1,204 |
| 18 | $1,275 |
| 19 | $1,346 |
| 20 | $1,416 |
| 21 | $1,488 |
| 22 | $1,559 |
| 23 | $1,629 |
| 24 | $1,700 |
* Number of full months between application date and the expiry date of the controlling individual’s licence.
** As of April 15, 2021 there is no Real Estate Compensation Fund Corporation contribution required for personal real estate corporations.
Submit fees by Mastercard, VISA, money order or cheque made payable to the “BC Financial Services Authority”. 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.