Overview
Course Overview
The Rental Property Management Licensing Course is administered on behalf of the BC Financial Services Authority (BCFSA). The course provides the licensing education requirements for those who wish to become licensed property managers in British Columbia. This course combines the general components of the Real Estate Trading Services Licensing Course with curriculum focused on property management. For detailed course content information, please view the Table of Contents and Course Regulations.
This blended learning course allows you to register at any time. While the course is flexible in order to meet the needs of busy adult learners, it provides just enough structure to ensure high quality learning (for example, in order to provide for a minimum level of familiarity with the curriculum and for a reasonable expectation of success on the final examination, assignments may be submitted on a pace that is no greater than 2 assignments per week beginning on the Course Registration Date). You must complete all course assignments within one year of registration in the course and also pass a final examination. Regularly scheduled exams take place at various times throughout the year throughout the province (exams must be written in Canada) or you may choose to take your exam at the computerized exam centre (CEC) at UBC (additional exam fees apply).
Quick Course Info
- Blended learning course with support
- One year to complete assignments
- Final exam required
- Tutor service included
- Tuition: $1,150
What's Included
- Course manual eBook and all of the appropriate course materials in electronic format (e.g. assignments and Practice Questions)
- Course Resources website
- Tutor service by phone and email
Pre-requisites, English Language Proficiency Requirement (ELPR), Age Requirement, & Good Reputation
Language proficiency is an essential skill for real estate practitioners. A real estate licensee’s ability to communicate verbally and in writing with consumers and other licensees is critical for the delivery of competent services. Many British Columbians speak languages other than English as their first language, and may choose to work with a real estate licensee with whom they can communicate in the language of their choice. However, real estate contracts and standard forms in British Columbia are in English. While there are no pre-requisites to register in the licensing course, the ELPR must be satisfied before you can register for an exam and if licensing is your intention we strongly recommend that you consider satisfying the ELPR prior to course registration.
As a requirement of the Rules made under the Real Estate Services Rules, the ELPR may be satisfied by achieving a level 7 or higher on each of the four components (reading, writing, speaking and listening) of the Canadian English Language Proficiency Index Program - General (CELPIP-G) test on the same test score report (scores from multiple test attempts cannot be combined) or in one of the following ways:
- Graduation from a recognized university Bachelor's degree or higher degree program at an accredited university, college or technical institute at which English is the primary language of instruction.
- Licensed for real estate services in another Canadian jurisdiction with English language standards and have satisfied that jurisdiction's English language requirements.
For more information on the ELPR, view How to Satisfy the English Language Proficiency Requirement.
As well, in order to be eligible for real estate licensing in the province of British Columbia, section 10(b)(i) of the Real Estate Services Act requires that an applicant for licensing is at least 19 years of age.
The Real Estate Services Act also requires that every applicant for a licence be of “good reputation”. General business and personal reputation, in addition to criminal convictions and charges under the Criminal Code of Canada, contraventions to Federal or Provincial statutes, or previous discipline by a professional body will be reviewed when considering an applicant’s “good reputation”. If you have concerns about your eligibility for licensing as it relates to good reputation, you may want to review BCFSA’s Good Reputation Guidelines before registering in a licensing course.
After the Course
Completing the Rental Property Management Licensing Course satisfies the licensing educational qualification in British Columbia for a licence to provide rental property management services. In order to open your own property management company, you will be required to either satisfy the requirements for a brokerage licence, or hire a managing broker for your company. For information on these requirements, please contact the contact the BC Financial Services Authority at +1 604.660.3555 or toll-free at 1.866.206.3030.
Accessibility
Accommodation for Students with Disabilities
The Real Estate Division's goal is to ensure fair and consistent treatment of all students, including students with a disability, in accordance with their distinct needs and in a manner consistent with academic principles. UBC Centre for Accessibility works in partnership with the Real Estate Division and provides support on issues of accessibility for people with disabilities. Examination accommodations enable you to demonstrate your knowledge of the course materials in cases where a disability may impact your ability to access exams under standard conditions.
Students who may have an on-going disability or medical condition that requires accommodation must contact UBC Centre for Accessibility by telephone: +1 604.822.5844 or email: accessibility@ubc.ca.
Examination accommodation must be approved by the Centre for Accessibility, and an accommodation letter must be received by the Real Estate Division prior to examination registration. As well, registration must be received by the Real Estate Division no later than six weeks prior to the examination date.
Student Support
The following student support services are included in the course tuition fee:
- Tutorial assistance from our course specialists, through a toll-free number and email.
- Online course resources, containing course updates, study materials, schedules, and tutorial information.
External Tutors
You are encouraged to take advantage of the Tutorial Assistance provided with your course rather than spending additional money on external services. It is important to note that the Real Estate Division has no ties with tutorial classes provided by other members or organizations of the real estate industry and does not monitor or check the services they provide. The 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 Real Estate Division works with all students to provide every opportunity for success.
Frequently Asked Questions
General Issues
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Phone numbers, fax numbers, email addresses, etc. can be found at the Contact Us area of the website.
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The Real Estate Division is divided into several different groups and has staff who specialize in specific areas. While any Real Estate Division staff member you talk to will do their best to help you, certain staff members deal with specific enquiries. If you need help in one of the areas below, please ask for the appropriate staff person who can help you.
- help with course planning, exemptions, etc - ask to speak to the Admissions Officer or a Course Representative.
- help with administrative issues, such as course registration, assignment processing, exam registration - ask to speak to a Course Representative or Exams Coordinator (specify which course you are interested in)
- help with course content - ask to speak to a Tutor (either "law" or "non-law")
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Directions and parking information can be found at the How To Find Us area of the website.
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To determine which licensing course you should take, read the brief course descriptions on the Licensing Programs webpage. Follow the links for each individual course to find out more.
English Language Proficiency Requirements
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Yes, completion of the Canadian English Language Proficiency Index Program - General (CELPIP-G) test, or a recognized equivalent, is one of the requirements for licensing courses. For further information, please view the English Language Proficiency Requirement webpage.
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Real Estate Trading Services, Rental Property Management, and Strata Management licensing course students must satisfy the English Language Proficiency Requirement (ELPR).
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The purpose of the ELPR is to provide information about an individual student's competency in English.
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Information on the CELPIP-G test can be found on CELPIP's website.
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Information on exemptions from the English Language Proficiency Requirement can be found on the English Language Proficiency Requirement webpage.
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Official copies of transcripts from the educational institution can be sent directly to the Real Estate Division office.
Course Assignment Issues
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Depending on the course, students are required to submit and pass either multiple choice or multiple choice and written assignments in order to be eligible to register for the final exam. These assignments ensure that students are reviewing the course materials and provide feedback on their level of understanding.
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Limiting the frequency of assignments to two assignments per week is a Real Estate Division Licensing Course regulation which is in place for the best interests of both students and the public. This regulation was arrived at after a great deal of consideration and after consultation with the BC Financial Services Authority. A number of factors were taken into account, including the increased volume and complexity of information contained in the licensing courses and also our observations of student completion and success rates. This regulation is intended to provide not only for a minimum level of familiarity with the course materials, but also for a reasonable expectation of success on the course examination. Please see Course Regulation 2.02 (4) and (5) for more information.
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Only 2 multiple choice assignments may be submitted in a particular week, regardless of how many assignments have been submitted in prior weeks. Written assignments, if applicable, may be submitted at any time before 12 months from the date a student registers for a course regardless of how many multiple choice assignments have been submitted in that week.
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There is no exemption from Course Regulation 2.02 (4). This regulation is intended to provide not only for a minimum level of familiarity with the course materials, but also for a reasonable expectation of success on the course examination. As educators our hope is, of course, that given the importance of a good educational basis for a career in real estate services, most students will wish to engage with the materials to a much greater extent than merely the minimum.
Examination Issues
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The Rental Property Management Licensing Examination will be three hours in length and contain 100 questions in a multiple choice format, each worth one mark. All supplemental examinations will be two hours in length and contain 60 questions in a multiple choice format, each worth one mark.
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Seventy (70) percent is a passing grade. A passing grade sets the minimum level of performance needed to practice in a profession, as determined by the regulatory body. The passing grade needed must be high enough to protect the public but not so high as to unreasonably limit the number of those who wish to practice.
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No, this is not true, although extremely low passing grades are sometimes made up and reported by tutorial outfits who are looking for your business. The pass rate for each sitting of the exam varies, however, the majority of students who write the exam will pass. The UBC Real Estate Division and the BC Financial Services Authority do not try to limit the number of students who pass the exam - they are only concerned with the fact that those who do pass the exam have the prerequisite knowledge to be likely to not harm the public.
Licence Renewal
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All candidates who are seeking to renew their licence should contact the BC Financial Services Authority.
Supplemental
Supplemental Course
The Rental Property Management Supplemental Course is available to those licensees who are currently licensed, eligible to be licensed, or who have passed a full licensing exam within the last year and wish to become licensed to provide additional real estate services. The Course Schedule gives you an indication of the topics and lessons included.
Students should confirm their eligibility for a supplemental course before registration. As well, depending on eligibility, some students may be required to satisfy the English Language Proficiency Requirement and/or write the full three hour exam.
Tuition for the Supplemental Course is $775.
Exemptions & Challenge
In certain cases, course exemptions are available based on previous related experience or education. If you are currently licensed and wish to add a service to your licence, you are required to complete the Supplemental Course and Examination. Details about course exemptions are set out in the Educational & Licensing Guidelines provided by the BC Financial Services Authority.
Challenge Package
The Challenge Package assists students who have received permission to challenge the examination. The Challenge Package includes the course materials in electronic format only (such as the course manual eBook, online assignments and answers, online Practice Questions), access to the Course Resources webpage and the central tutor support service.
Tuition for the Challenge Package is $350.
The following candidates are eligible to purchase the Challenge Package:
- Individuals who have been provided with a written confirmation of a course exemption from the BC Financial Services Authority.
Eligible candidates should:
- Read the Challenge Package and Examination Information
- Download and submit the Challenge Package Registration Form
Please note that as an alternative to purchasing the Challenge Package, you can purchase some course materials individually from the Bookstore; however, the online assignments and answers, online Practice Questions, student handbook and access to the Course Resources webpage are only available with the Challenge Package.
Exemptions
If the BC Financial Services Authority has provided you with permission to challenge the course by writing the examination only, and you wish to register for the next regularly scheduled examination or a CEC examination without purchasing a Challenge Package, you should:
- Read the Challenge Package and Examination Information
- Download the Challenge Examination Registration Form
DO NOT download the challenge exam registration form if you are currently registered in the Rental Property Management Licensing Course.
Inter-Provincial
Inter-provincial candidates (those wishing to transfer their licence from another province/territory to British Columbia) should visit the BC Financial Services Authority webpage for information.
Register
Tuition and Registration
Rental Property Management Licensing Course: $1,150 Register Now
Rental Property Management Supplemental Course: $775 Register Now
Visa, Mastercard, AMEX, certified cheque, and money order only. Cash and personal cheques are not accepted.
What's Included
Your tuition fee includes all of the appropriate course materials in electronic format only (e.g., course manual eBook, access to the Course Resources website, and tutorial services. Hardcover manuals are sold separately.
Please note that tuition fees are subject to change and a minimum withdrawal reduction of $200 will apply once your registration has been processed. No refund of course fees will be available unless a withdrawal request is received by our office within one month of your registration date
Hardcover Manual
The Sauder School of Business and the Real Estate Division are committed to sustainability. By using the eBook or PDF version of the course manual that are included with your registration, you will help us with our initiative and save approximately 800 printed pages.
However, we understand that everyone learns differently. If necessary, you can purchase a hardcover manual for an additional $200.00. If you are undecided, you can purchase a hardcover manual from the RED Bookstore at a later date. No Refunds are available after purchase.
Computer Requirement
All students must have access to a personal computer, a printer, and the internet (including email) when taking any Real Estate Division course. You will find that a computer is an essential tool in submitting your assignments, viewing your assignment answers, and for creating effective study notes to help you prepare for your examination. As well, all Real Estate Division courses include online resources and if you do not have internet access or an email address, you will not be able to take advantage of these resources.
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Have a question?
Our team is happy to help.