The health and safety of real estate professionals participating in BCFSA’s continuing education courses is of great importance to us. As the situation with COVID-19 continues to evolve, BCFSA has decided to host all classroom sessions online, until further notice.
BCFSA’s Legal Update course is a mandatory continuing education requirement for all real estate professionals.
The Legal Update Course has two parts: a self-paced online component followed by a full-day classroom session. Real estate professionals must successfully complete the online component before attending the classroom session.
Which Legal Update should I take?
Residential Trading Services: For real estate professionals who help consumers to buy, sell or lease residential properties.
Commercial Trading Services: For real estate professionals who help consumers to buy, sell or lease commercial properties.
Strata Management: For strata managers who provide real estate services to strata corporations.
Rental Property Management: For real estate professionals licensed for rental property management provide real estate services to or on behalf of owners of rental real estate.
Note: You only need to take one Legal Update Course during your two year licence term. If you are licensed for more than one service category (Strata, Rental and/or Trading), you are only required to take Legal Update once during your licence term.
All licensed real estate professionals are required to complete one Ethics course during each two-year licence term. Whether you are a representative, an associate broker or a managing broker and whether you provide trading services, rental property management services, or strata management services, you’ll learn valuable information about ethical decision making in real estate in this new course.
The Ethics course has two parts: a self-paced online component followed by a virtual classroom session. Real estate professionals must successfully complete the self-paced component before attending the virtual classroom session.
Note: Managing brokers who hold a secondary licence only need to complete Ethics during the two year term of their primary licence.
Please note: this course is only for first-time licensees. If you are currently licensed, you do not need to take this course.
When do students in the Residential Applied Practice Course receive a licence?
Learners who have successfully completed the Real Estate Trading Services Licensing Course and examination must complete the first two components of the new Residential Trading Services Applied Practice Course before they can receive their licence.
After successfully completing Components 1 and 2 of the course you are eligible to apply for licensing.
Once you have received your licence, you will proceed to Component 3 of the course. As part of this component, you will complete field assignments under the supervision of your managing broker.
If you do not successfully complete all components of the Applied Practice Course within the required timeframe, your licence will be revoked.
Component 1: Online learning completed over 14 days. Learners should expect to complete assignments, participate in discussion groups, and use industry reference materials and forms.
Component 2: Two days of in-class sessions. Focus is on role play to practice working with a buyer and seller using appropriate forms and licensee resources.
Component 3: Learners complete practical field assignments which are submitted online over 4.5 months. Each assignment has clearly stated learning outcomes related to real estate services. Learners must have received their temporary licence, as they are required to be actively practising real estate in order to complete the assignments.
There is no instructor in this component as learners complete the assignments while working in a brokerage and under the supervision of their managing broker.
Component 4: Final in-class day to review Agency, Disclosure and Contracts. Learners will address future professional development to strengthen their skills.
to having my personal information collected by the BC Financial Services Authority; and
to having my email address stored and accessed from outside of Canada by the BC Financial Services Authority and its service provider, Mailgun Technologies, Inc., for the limited purposes of managing course registration and communicating with me regarding courses administered by the BC Financial Services Authority.
If you have been provided with a coupon code to attend a special course offering arranged through your brokerage or member real estate board, or if you are participating in the dry run of a course, please enter this code in the space provided, and click on the "Apply coupon" button.