Requirements
- 1. Good Reputation and Suitability – Section 10(a) of the Real Estate Services Act with no criminal record.
- Demonstration of proficiency in English
- You must also meet the age requirements (you must be at least 19 years of age in order to qualify for licensing)
Preview: Chapter 1 – Lesson Description
LESSON DESCRIPTION
The fundamentals of law and the judicial system within BC. This chapter will introduce basic legal ideals. In addition, this chapter will set the standard for the PRET (Pass Real Estate Today) course. This Chapter outlines the differences between common law and equitable principles, and how they are applied within the legal system of British Columbia.
BEHIND THE SCENES TALKING POINTS
- Setting the standard for how UBC will word practice questions
- Understanding and setting expectations
- An overview of how to train your mind to reverse engineer the questions & understand the logic
LEARNING OUTCOMES
- Describe the sources of law
- Explain the doctrine of star decisis and how it is applied by the courts
- Describe the difference between common law and equitable principles, and how they are applied today in BC.
- Understand Provincial, Public, Private & Federal law
- History of Real Property
- Enforcing a Judgement and the typical pre-trail process
Preview: Chapter 2 – Lesson Description
LESSON DESCRIPTION
In this chapter, we will learn how the Real Estate Services Act (RESA) 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
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Describe the roles and responsibilities of the British Columbia Financial Services Authority (BCFSA), the Superintendent of Real Estate & Unlicensed Assistants
- 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 168
- Quizzes 95
- Duration 90 Days
- Skill level All levels
- Language English
- Students 83
- Assessments Self
-
Chapter 1 – Fundamentals of Law
- Chapter 1 – Lesson Description
- Fundamentals of Law Chapter 1 **VIDEO**
- Background Of Our Legal System in BC
- Three Types Of Law In BC
- Judicial Decisions – Principle of Stare Decisis
- Pre-Trial Process – Procedure For Bringing a Claim
- Enforcement of a Judgement
- Appealing a Decision in BC
- Chapter 1 – Questions & Answer Guide
- Chapter 1 ** Quiz #1 **
- Chapter 1 ** Quiz #2 **
- Chapter 1 ** Quiz #3 **
- Assignment Questions Chp. 1
-
Chapter 2 - The Real Estate Services Act
- Chapter 2 – Lesson Description
- Real Estate Services Act Chapter 2 **VIDEO**
- RESA Requirements For Licensing
- Activities Requiring a Licence
- Trading Services, Property Management & Strata Management – Exemptions
- Summary of RESA Organizations
- RESA Voluntary Organizations
- Licensing System – Levels of Real Estate Licenses
- Licensing
- Discipline and Enforcement
- (REDMA) Real Estate Development Marketing Act
- Chapter 2 – Questions & Answer Guide
- Chapter 2 ** Quiz #1 **
- Chapter 2 ** Quiz #2 **
- Chapter 2 ** Quiz #3 **
- Chapter 2 ** Quiz #4 **
- Assignment Questions Chp. 2
-
Chapter 3 – What the Purchaser Buys: Estate and Interests in Land
- Chapter 3 – Lesson Description
- Estate and Interests in Land Chapter 3 **VIDEO**
- Estates and Interests in Land
- Interests in Land that Do Not Amount to Estate
- What Does Ownership of Land Involve?
- Joint Tenants and Tenants in Common
- Chapter 3 – Questions & Answer Guide
- Chapter 3 ** Quiz #1 **
- Chapter 3 ** Quiz #2 **
- Chapter 3 ** Quiz #3 **
- Chapter 3 ** Quiz #4 **
- Assignment Questions Chp. 3
-
Chapter 4 – The Subdivision of Land and Title Registration in BC
- Chapter 4 – Lesson Description
- Subdivision of Land and Title Registration Chapter 4 **VIDEO**
- Land Registration in BC
- Torrens System of Land Registration
- Exceptions to the Principle of Indefeasibility
- Land Titles
- Subdivision Of Land & Strata Development
- Unregistered Land
- Chapter 4 – Questions & Answer Guide
- Chapter 4 ** Quiz #1 **
- Chapter 4 ** Quiz #2 **
- Chapter 4 ** Quiz #3 **
- Assignment Questions Chp. 4
-
Chapter 5 – The Professional Liability of Real Estate Licensees
- Chapter 5 – Lesson Description
- Professional Liability Chapter 5 **VIDEO**
- Professional liability & Negligence For BC Realtors
- Misrepresentation
- Fiduciary Responsibility
- Trespassing
- Nuisances
- Occupiers Liability Act
- Money Laundering
- Protection of Personal Information (PIPA)
- Chapter 5 – Questions & Answer Guide
- Chapter 5 ** Quiz #1 **
- Chapter 5 ** Quiz #2 **
- Chapter 5 ** Quiz #4 **
- Chapter 5 ** Quiz #3 **
- Assignment Questions Chp. 5
-
Chapter 6 – Commercial and Residential Tenancies
- Chapter 6 – Lesson Description
- Commercial and Residential Tenancies Chapter 6 **VIDEO**
- Commercial and Residential Leases
- Differences between Lease & License
- Tenancy
- Lease Agreements
- Types of Tenancies
- Landlord Rights
- Tenant Rights
- Rights and Obligations
- Common Law in Leases
- Chapter 6 – Questions & Answer Guide
- Chapter 6 ** Quiz #1 **
- Chapter 6 ** Quiz #2 **
- Chapter 6 ** Quiz #3 **
- Chapter 6 ** Quiz #4 **
- Assignment Questions Chp. 6
-
Chapter 7 – Strata Properties (Condominiums) and Cooperatives in BC
- Chapter 7 – Lesson Description
- Strata Properties in BC Chapter 7 **VIDEO**
- Condominiums and Co-Operatives
- Types Of Stratas
- Collective Ownership and Common Property
- How A Strata Development Is Created
- The Strata Corporation
- Finances, Special Levies & Taxation
- Strata Conversions & Building Destruction
- Rentals and Exemptions
- Legal Forms and Proceedings
- Chapter 7 – Questions & Answer Guide
- Chapter 7 ** Quiz #1 **
- Chapter 7 ** Quiz #2 **
- Chapter 7 ** Quiz #3 **
- Assignment Questions Chp. 7
-
Chapter 8 – Financial Statements
- Chapter 8 – Lesson Description
- Financial Statements Chapter 8 **VIDEO**
- Principles of Accounting
- Financial Statements
- Income Tax
- Chapter 8 – Questions & Answer Guide
- Chapter 8 ** Quiz #1 **
- Chapter 8 ** Quiz #2 **
- Chapter 8 ** Quiz #3 **
- Chapter 8 ** Quiz #4 **
- Chapter 8 ** Quiz #5 **
- Assignment Questions Chp. 8
-
Chapter 9 – Professionalism and Ethics
-
Chapter 10 – The Law of Contract
- Chapter 10 – Lesson Description
- Law of Contract Chapter 10 **VIDEO**
- Common Law Contracts
- Disclosure of Defects in Contracts
- Assigning a Contract
- Terminating a Contract
- Chapter 10 – Questions & Answer Guide
- Chapter 10 ** Quiz #1 **
- Chapter 10 ** Quiz #2 **
- Chapter 10 ** Quiz #3 **
- Chapter 10 ** Quiz #4 **
- Chapter 10 ** Quiz #5 **
- Assignment Questions Chp. 10
-
Chapter 11 – Contracts for Real Estate Transactions
- Chapter 11 – Lesson Description
- Contracts for Real Estate Transactions Chapter 11 **VIDEO**
- Contracts For Real Estate Transactions Intro
- Listing Contract & Contract of Purchase and Sale
- Misleading Advertising
- Competition Act and Stakeholders
- Negotiations and Money Laundering
- Chapter 11 – Questions & Answer Guide
- Chapter 11 ** Quiz #1 **
- Chapter 11 ** Quiz #2 **
- Chapter 11 ** Quiz #3 **
- Chapter 11 ** Quiz #4 **
- Assignment Questions Chp. 11
-
Chapter 12 – Law of Agency
- Chapter 12 – Lesson Description
- Law of Agency Chapter 12 **VIDEO**
- Law of Agency
- Authority of an Agent
- Agency Relationships
- Agency and Contracts
- Chapter 12 – Questions & Answer Guide
- Chapter 12 ** Quiz #1 **
- Chapter 12 ** Quiz #2 **
- Chapter 12 ** Quiz #3 **
- Chapter 12 ** Quiz #4 **
- Chapter 12 ** Quiz #5 **
- Assignment Questions Chp. 12
-
Chapter 18 – Local Government Law
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Chapter 19 – Taxes on Real Property
-
Chapter 20 – Building Design and Construction
-
Chapter 21 – Introduction to Real Estate Appraisal
- Chapter 21 – Lesson Description
- Introduction to Appraisal Chapter 21 **VIDEO**
- Appraisal
- Market Value vrs Owners Perceived Value
- Degree of Development
- Appraisal Methods
- Real Property
- Chapter 21 – Questions & Answer Guide
- Chapter 21 ** Quiz #1 **
- Chapter 21 ** Quiz #2 **
- Chapter 21 ** Quiz #3 **
- Chapter 21 ** Quiz #4 **
- Chapter 21 ** Quiz #5 **
- Assignment Questions Chp. 21
-
Chapter 22 – Direct Comparison (Comparative) and Cost Approaches of Appraisal
- Chapter 22 – Lesson Description
- Comparison & Cost Method of Appraisal Chapter 22 **VIDEO**
- Analysis of a Market
- Comparative/Market Method of Appraisal
- Cost Method of Appraisal
- Chapter 22 – Questions & Answer Guide
- Chapter 22 ** Quiz #1 **
- Chapter 22 ** Quiz #2 **
- Chapter 22 ** Quiz #3 **
- Chapter 22 ** Quiz #4 **
- Chapter 22 ** Quiz #5 **
- Chapter 22 ** Quiz #6 **
- Assignment Questions Chp. 22
-
Chapter 23 – The Income or Investment Approach of Appraisal
-
Chapter 24 – From Contract to Completion
- Chapter 24 – Lesson Description
- Statement of Adjustments Chapter 24 **VIDEO**
- Statement of Adjustments Introduction
- Sellers and Buyers Statement of Adjustments
- Makeup of Statement of Adjustments
- Entry Examples
- Property Tax Calculations
- Sellers Statement of Adjustments – Example
- Buyers Statement of Adjustments – Example
- Chapter 24 – Questions & Answer Guide
- Chapter 24 ** Quiz #1 **
- Chapter 24 ** Quiz #2 **
- Chapter 24 ** Quiz #3 **
- Assignment Questions Chp. 24
-
Chapter 25 – Introduction to Marketing
-
Chapter 26 – Technology and the Real Estate Licensee
- Chapter 26 – Lesson Description
- Technology 26 **VIDEO**
- Establishing your Technology Needs
- Computer Technology
- Internet Based Technology
- Electronic Transactions
- Chapter 26 – Questions & Answer Guide
- Chapter 26 ** Quiz #1 **
- Chapter 26 ** Quiz #2 **
- Chapter 26 ** Quiz #3 **
- Assignment Questions Chp. 26