Have you ever wondered what it takes to become a licensed real estate agent? It’s a lot more than just passing an exam and hanging a sign on your door.
Eric speaking! I remember when I got my real estate license in 2017. I had been working overseas, and when we found out we’d be having a third child, I decided I wanted to be close to home while also working with people and helping them find their dream homes.
It took me less than a year and then I jumped right into my career!
Scroll down for the details on what it takes to get and maintain your real estate license! Have questions about the process? Comment below!
Eligibility Requirements – Each province has its own eligibility requirements for obtaining a real estate license. In British Columbia, you’ll need to be at least 19 years old, complete a Canadian English Language Proficiency Index Program test (exemptions available), pass a background check, and complete the Trading Services Licensing Course.
Pre-Licensing Education – Once you meet the eligibility requirements, you’ll need to complete pre-licensing education. This is where you’ll learn all about real estate law, property ownership, contracts, and ethics. 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. You must complete all course assignments within one year of registration in the course and also pass a final examination.
Licensing Exam – After completing your pre-licensing education, it’s time to take the licensing exam. This exam covers both national and province-specific topics and is designed to test your knowledge of real estate laws, regulations, and practices.
Register for the Applied Practice course – Once you’ve passed the exam, you’ll need to register for 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.
Applying for Your License – As soon as you have started your Applied Practice course, you can apply for licensing via IRIS (BCFSA Integrated Regulatory Information System). Have your first time application reviewed and approved by your intended managing broker. Once you have completed the online application, you and your intended managing broker will receive an email prompting the managing broker to approve your application in IRIS. BCFSA’s licensing staff will review your application. If it is complete and satisfactory, and your applicable Applied Practice course components have been completed, your licence will be issued. You and your managing broker will receive an email notification on the date of issuance advising that you have been licensed.
Complete the Applied Practice course – 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.
Continuing Education – After obtaining your license, you’ll need to complete continuing education courses on a regular basis to maintain your license. These courses cover topics such as new regulations, changes in the industry, and best practices.
Keeping Your License – Finally, don’t forget to renew your license every 2 years. The renewal process involves completing the required continuing education courses and paying a renewal fee.
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