If you’ve ever wondered what it takes to become a realtor in Vancouver, I’ve outlined some steps here
Step 1
Check out the BC Real Estate Association and the Real Estate Council of BC website
Step 2
Check out the Real EstateTrading Services Licensing Course you need to pass before you can get your license. The course is offered at UBC and it’s offered online so no need to attend classes if you don’t want to.
Step 3
Calculate the fees required to get licensed
Provincial Fees
These fees are payable directly to the organizations noted.
| Education/Licensing | Organization | Fee |
| Licensing Course Financial calculator |
Real Estate Division, Sauder School of Business, the University of British Columbia | 875.00 60.00 |
| Licencing fee and assessments (two years) | Real Estate Council of British Columbia | 500.00 |
| Errors & Omissions Insurance | 600.00 | |
| Real Estate Compensation Fund Assessment | 100.00 | |
| Residential Trading Services Applied Practice Course or the Commercial Trading Services Applied Practice Course (includes HST) | British Columbia Real Estate Association | 756.00 |
| Total (start-up) | $2,843.75 | |
| Every two years after start-up | $1,200.00 | |
Real Estate Board Fees
These fees are payable directly to the local real estate board and vary throughout the province. They include:
| Fee Description | Fee | HST | Total |
| BCREA new member initiation fee | 150.00 | 18.00 | 168.00 |
| BCREA annual dues | 198.00 | 23.76 | 221.76 |
| The Canadian Real Estate Association (CREA) new member installation fee | 200.00 | 24.00 | 224.00 |
| CREA annual dues | 220.00 | 26.40 | 246.40 |
| Total (start-up) | 768.00 | 96.16 | 864.16 |
| Yearly after start-up | 418.00 | 50.16 | 468.16 |
Additional real estate board fees may include a board initiation fee, board monthly/annual dues and listing fees.
Check with your local board for specific fee information.
Step 4
Read The Millionaire Real Estate Agent by Gary Keller. Gary Keller started Keller Williams and it’s now of the largest real estate brokerage firms in North America. You’ll read about sales techniques and strategies in selling homes and you’ll see if this is what you really want to call as your career.