• REGULATORY STATEMENT NUMBER: RESA 24-009

  TITLE: Education Waivers

  LEGISLATION: Real Estate Services Act (“RESA”)

  DATE: June 27, 2024

  DISTRIBUTION: All Prospective Licensees

Purpose

This Regulatory Statement provides the approved prior education and training courses recognized by the Superintendent of Real Estate (“the Superintendent”) for the purpose of waiving the requirement for a course and/or an examination in relation to a new licence under the Real Estate Services Act (“RESA”).

Background Information

Section 10 (b) (ii) of RESA provides that an applicant for a licence must meet the education and experience requirements established by the Real Estate Services Rules (“the Rules”).

Section 8 (4) of the Rules provides that the Superintendent may waive, based on an applicant’s previous knowledge or training, the qualification requirements for a course, an examination, or a course and its corresponding examination.

For information on general education requirements, relicensing, international credentials recognition, extra-provincial qualification requirements (for licensees from other Canadian jurisdictions), and other application requirements, please see BCFSA’s Regulatory Statements webpage.

Requirements

For the purpose of administering Section 8 (4) of the Rules, the Superintendent recognizes the previous knowledge or training contained in Appendix A. If an individual has attained the required level of education in the requisite knowledge areas through prior education or training, the individual may request to have some or all of the standard educational requirements for licensing waived. Please note that the Superintendent may consider other requests that fall outside the listed knowledge/training in Appendix A on a case-by-case basis. For a complete chart of all exemptions based on previously attained skills/experience, please see Appendix A.

Attachments/Templates/Forms

• Appendix A

Additional Information

For inquiries related to licensing education requirements, please email [email protected]

^{Regulatory Statements establish the form and content of a regulatory submission; prescribe the manner of meeting or enforcing a requirement existing in an enactment; and/or provide the regulator’s view of the laws that BC Financial Services Authority administers. Regulatory Statements are made pursuant to a requirement or power contained in provincial legislation. Compliance with a Regulatory Statement is therefore mandatory. 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.}