Regulatory Statement

Purpose

This Regulatory Statement outlines the education requirements for an application for a new licence or to renew a licence under the Real Estate Services Act (RESA). It repeals and replaces Regulatory Statement 24-003, effective April 1, 2027.

Background information

Section 10 of RESA states that an applicant for a new licence or licence renewal must satisfy the Superintendent of Real Estate (the Superintendent) that they meet the qualification requirements to be licensed at the level for which the applicant is applying. Section 10 also provides the authority for the Superintendent to specify continuing education requirements to renew a licence.

Section 123.1 of RESA provides that the Superintendent may establish fees for educational courses.

Section 9 of the Real Estate Services Rules (the Rules) provides that an applicant for a new licence must have completed the: 1) applicable licensing courses; and 2) applicable Applied Practice Courses; as specified by the Superintendent, respecting the real estate services in relation to which the application is made.

RESA, the Rules, and the Real Estate Services Regulation provide additional requirements and authorities related to licensing, beyond those contained in this Regulatory Statement.

Requirements

Part 1: Applicable licensing courses required to apply for a new licence

To apply for a new licence, an applicant who is an individual must successfully complete the courses in the table below, as applicable to the category and/or level of licence to which the application relates:

Level and/or category of real estate services	Representative
Trading services (representative)	Real Estate Trading Services Licensing Course Residential or Commercial Trading Services Applied Practice Course
Rental property management services (representative)	Rental Property Management Licensing Course
Strata management services (representative)	Strata Management Licensing Course Strata Management Applied Practice Course
Associate broker or managing broker – includes individuals who are currently licenses as associate brokers and wish to become a managing broker (all service categories)	Broker’s Business Planning and Financial Management Licensing Course Broker’s Applied Practice Course

Part 2: Continuing education courses required to apply to renew a licence

In order to have a licence renewed, an applicant for licence renewal who is an individual must have:

1. Completed the applicable continuing education courses respecting the real estate services and the level of licence in relation to which the applicant is made
2. Passed the examinations corresponding to those courses prior to the date the licence is renewed

The Superintendent’s required continuing education courses for all licence levels are listed below:

1. One Legal Update course respecting the real estate services to which the application is made
2. One applicable Ethics course

To be eligible to renew a licence, the applicant must complete the Superintendent’s required continuing education courses during the two-year licence term.

Part 3: Fees for educational courses

The table below provides the approved fees for education courses collected by BCFSA:

Course type	Course title	Fee
Licensing	Applied Practice Course	$875
Continuing education	Legal Update	$275
Continuing education	Ethics	$175

The fees for courses provided by BCFSA-designated, third-party providers, such as the Sauder School of Business, are determined by those providers and can be found on their corresponding in websites.

Other information

For inquiries related to licensing education requirements, please email education@bcfsa.ca.

Legislation

• Section 10, Real Estate Services Act

• Section 123.1, Real Estate Services Act

• Section 9, Real Estate Services Rules

Copies of the legislation are available from www.bclaws.gov.bc.ca

Regulatory Statements issued by BC Financial Services Authority (BCFSA) establish the form, content, or timing of a regulatory submission; prescribe the manner of meeting or enforcing a requirement existing in an enactment; and/or provide the BCFSA’s interpretation of the laws that BCFSA administers. Accordingly, BCFSA expects regulated entities (and others where applicable) to use the form or process, and/or to comply with the requirements set out in a Regulatory Statement. Regulatory Statements may refer to law, practice, or background existing at the time of publication. If relying on the legal information contained in a Regulatory Statement, confirm that any references to the law, including enabling legislation, are up to date and obtain independent legal advice, when needed. Regulatory Statements are effective on the date of their publication, unless stated otherwise.