Chapter 2: The Real Estate Services Act
$32.99
LESSON DESCRIPTION
In this chapter, we will learn how the Real Estate Trading Services Act governs the conduct of licensees and the licensing system in BC. In addition, how the Real Estate Council enforces professional standards and the disciplinary procedures associated.
BEHIND THE SCENES TALKING POINTS
- How the RESA is the foundation of trading services across the province
- Trading Services, Rental Property Management Services, Strata Management Services
- The Real Estate Foundation, Errors and Omissions Insurance Corporation, BC Real Estate Association, Real Estate Compensation Fund Corporation
LEARNING OUTCOMES
- Licensing Levels
- Applying For A license & Issue Of License / Refusal Of License
- Working with an unlicensed assistant
- Rules & Regulations for a licensee
- RESA, BCREA, RE-BOARD (rules & regulations)
- Exemptions
Course Features
- Lectures 36
- Quizzes 1
- Duration 2 hours
- Skill level All Levels
- Language English
- Students 96
- Assessments Yes
-
Licensing
-
Trading Services
-
Real Estate
-
Property Management
-
Strata Management
-
Trading Services, Property Management & Strata Management - Exemptions
-
RECBC
-
The Foundation
-
E&O
-
Compensation Fund
-
All Organizations
-
Voluntary Organizations
-
Licensing System
-
Licensing
- Applying for a license
- License
- Independent Contractor
- Advertising
- Promises
- Disclosure of Interest in Trade (Personal Dealings by Licensees)
- Disclosure must contain the following:
- Financial Records
- The Brokerage must keep the following records:
- Trust Accounts
- Brokerage may withdraw money only if:
- Remuneration – Benefit of any kind
-
Discipline and Enforcement
-
Real Estate Development Act
-
Chapter 2 1000 Questions
