Professional Real Estate Option Full-time Diploma 630udiplt

BCIT Professional Real Estate Diploma

Note: The September 2014 intake is now closed for new applications. Applications for advanced placement and readmission may be submitted. Applications for September 2015 will be accepted starting November 1st, 2014 (or next business day).

Please check our list of programs that may have space available or access our program database for a complete list of BCIT programs.
The BCIT Professional Real Estate diploma program prepares students to enter the world of commercial, residential, or recreational real estate as a budding entrepreneur or an integral part of a corporate team. You will gain insight into real estate brokerage, developing income producing real estate properties, mortgage financing strategies, and real estate asset management. Graduates work locally, across the country, and around the globe in a broad base of professional environments. Included are: residential, commercial, and real estate brokerage; financing; asset management, development, and public-planning for real property use.

BCIT Professional Real Estate students learn to:
  • Understand the fundamental business concepts and applications for the real estate industry
  • Apply the core skills required of a real estate industry professional in today’s dynamic, global marketplace
  • Identify and interpret real estate market trends
  • Appraise and evaluate real property values
  • Understand and apply the core legal requirements and ethical principles to the real property marketplace
  • Decide the most profitable approach for creating a real estate investment opportunity
  • Adapt and innovate to changes in the real estate market
    BCIT PROFESSIONAL REAL ESTATE DIPLOMA
    BCIT Credential: BCIT Diploma
    Program Length: 2 years, Full-time
    Program Start: September
    Number of Courses: 28 courses, 115.5 credits
    Total Tuition/Cost: Learn about Tuition & Fees
    Business Consulting Project: 16 weeks, 1 day a week
    1st Year Entry: View Requirements
    Advanced Placement: View Requirements
    Laddering Options: Bachelor of Business
    Administration BBA Degree

    Business Consulting Project

    Professional Real Estate students undertake a 16 week Business Consulting Project in their final term. Students work in groups of 2-3 and spend one day a week developing a solution to a real business problem for a company. The student teams collect and analyze data, create recommendations, and present their findings to company management.

    Professional Real Estate Jobs & Careers

    Graduates of the Professional Real Estate diploma program have a strong foundation in property valuation, mortgage financing, and real estate planning that will lead to exciting careers in the real estate industry.

    Entry-Level Positions:
    • Real Estate Agent
    • Property Value Appraiser
    • Real Estate Analyst
    • Real Estate Sales Coordinator
    Mid-Level Positions:
    • Residential Property Manager
    • Land Development Manager
    • Real Estate Project Manager
    • Commercial Property Manager

    Program Entry

    Admission for the Real Estate Program has more applications than available seats. Begin the application process early to increase your opportunities for acceptance. Applicants must have a passion for becoming a member of the real estate profession, as both the pace and content volume is very demanding of the student in this program. The real estate industry counts on our graduates having met and stretched above a very high bar on the ladder of success.

    As a sincere applicant, to ensure you fully understand the nature and content of the Professional Real Estate Program it is strongly recommended you first book a private meeting with the Program Head, Bill Phillips. This meeting can be done by phone or in person. As BCIT delivers adult learning, it is expected all communication with any applicant is done only through the applicant and not through third parties.

    Application processing

    Open to applications beginning November 1st (or next business day)

    Note: This program does not accept applications from International students. View programs that do

    Entrance requirements

    Applicants must meet all entrance requirements and will be accepted on a first qualified basis as long as space remains.

    Read more about how to meet BCIT’s entrance requirements

    Recommended for success

    • Applicants are urged to attend an information session offered throughout the year. These are free of charge and are open to all to attend. Registration is requested, but not required.

    • It is strongly recommended that you assess your fundamental mathematical skills. The Mathematics Self-Diagnostic Test [PDF] is voluntary. If you find these problems difficult, we strongly recommend that you attend OPMT 0199. You should be able to do this exercise in about an hour, after which you should compare your answers with the correct ones supplied. If you scored less than 20 out of 26 correct, you should seriously consider upgrading your mathematical skills.

    Advanced Placement / Transfer Credit

    Advanced Placement – you may be eligible to apply to an advanced level of the program through 1. re-admission or 2. direct entry. The following applies to all advanced placement applicants:

    • Complete applications: you must show proof of completing all requirements (proof of registration is acceptable for advanced placement applicants) to be considered.
    • Competitive entry: if the number of applications exceeds available seats, BCIT will accept those deemed to have the best opportunity for success.
    • Acceptance based on seat availability: confirmation may not be available until approximately one week before the term begins.
    1. Re-admission: Have you completed part of this program at BCIT and want to apply to an advanced level?

      Applications are accepted throughout the year. You must submit the Course-by-Course Self-Assessment form [PDF] with your application.

    2. Direct Entry: Are you new to this program but have completed an equivalent part of it at BCIT or elsewhere and want to apply to an advanced level?

      BCIT accepts complete applications starting:

      • February 1st for level 2 (January start)
      • November 1st for level 3 (September start)

      You must submit the Course-by-Course Self-Assessment form [PDF] and proof of meeting the entrance requirements with your online application. View the Direct Entry sheet [PDF] for details.

    Transfer credit – do you have credits from another post-secondary school?

    Transfer credit may be granted for courses completed at BCIT or another post-secondary institution where the learning outcomes duplicate those of the BCIT course. As per Admission Procedure 5003-PR1, the department reserves the right to determine the granting of credit where appropriate.

    Applications will be accepted up to day 14 of the term; an official transcript and a course outline where appropriate must be provided (or be on file with BCIT) to process the request. A maximum of two courses per level are eligible for credit through this process.

    Apply to program

    The September 2014 intake is now closed for new applications. Applications for advanced placement and readmission may be submitted.

    The next intake will begin accepting applications on November 1, 2014 (or next business day).

    Note: This program does not accept applications from International students. View programs that do

    The two-year Marketing Management Diploma program shares a common first year of core business subjects. The second year of the program focuses on specific fields of marketing expertise.

    Candidates who wish to apply to the Professional Real Estate option must declare this option/specialization at the time of application.

    BCIT accepts only complete applications. In order to apply:

    • Include proof of meeting all entrance requirements prior to submission
    • Convert all transcripts and supporting documents to PDF files
    • Have a credit card ready to pay the application fee
    Apply Now

    You can check the status of your application online at any time using the Student Information System.

    Scheduled intakes

    September each year.

    myCommunication

    Within 2 business days of submitting your completed application, BCIT will send a message to your personal e-mail and your myBCIT e-mail address. All correspondence about your application will be posted to your online myCommunication account at my.bcit.ca. We'll send you an email when a new message is posted. It's important to watch for these emails, or regularly check your account online.

    You can expect to receive communication concerning the status of your application within 4 weeks.

    Costs & Supplies

    Tuition fees

    Please see the Fees, Payments and Refunds section of the website for more information on full-time tuition fees.

    Books and supplies

    Level 1: $775; Level 2: $500; Level 3: $700; Level 4: $600
    (General estimated cost, and subject to change)

    Additional Expenses

    Graduating year field trips and research: $200.

    Financial assistance

    Financial assistance may be available for this program. For more information, please contact Student Financial Aid and Awards.

    Courses

    Program matrix

    Level 1 (15 weeks)
    Credits
      BLAW 3100 Business Law 4.0
      BSYS 1000 Business Information Systems 3.0
      COMM 1100 Business Communication 1 3.0
      ECON 2100 Microeconomics 3.0
      MKTG 1102 Essentials of Marketing 3.0
      OPMT 1110 Business Mathematics 4.0
      ORGB 1100 Organizational Behaviour 3.0
     
    Level 2 (20 weeks) Credits
      BSYS 2070 Business Information Systems 2 for MKTG* 2.0
      BUSA 2100 Principles of Management* 2.0
      COMM 2200 Business Communication 2 4.0
      ECON 2200 Macroeconomics 4.0
      FMGT 2152 Accounting for Management 5.5
      MKTG 2202 Introduction to Marketing Communications 4.0
      MKTG 2243 Sales Skills 4.0
      OPMT 1130 Business Statistics 5.5
    * denotes a half-term course
     
    Level 3 (15 weeks) Credits
      MKTG 3309 Marketing Research 4.0
      MKTG 3311 Real Estate Principles 1 4.0
      MKTG 3312 Economics of Real Estate Markets 4.0
      MKTG 3313 Introduction to Real Estate Finance 4.0
      MKTG 3333 Building a Sustainable Real Estate Business 4.0
      MKTG 3334 Advanced Sales and Negotiation 4.0
     
    Level 4 (20 weeks) Credits
      MKTG 4335 Real Estate Practice 6.5
      MKTG 4411 Real Estate Law and Principles 2 5.5
      MKTG 4412 Introduction to Real Estate Evaluation and Investment Analysis 5.5
      MKTG 4413 Mortgage Finance 5.5
      MKTG 4414 Real Property Asset Management 2.5
      MKTG 4418 Business Consulting Projects 8.0
      MKTG 4431 Internet Marketing Applications 4.0
     
    Total Credits: 115.5

    Transfer credit

    Do you have credits from another BC/Yukon post-secondary school? Do you want to know if they transfer to courses here at BCIT? Check out BCIT's Transfer Equivalency Database to find out.

    Program Details

    Program length

    Two years, full-time

    Grading

    Continuation in the Marketing Management Program Year 2

    In order to be eligible to continue into the second year of the marketing management program a student must have successfully completed all required first year courses or equivalencies.

    1. At the end of first year students failing: MKTG 2202, MKTG 2243 and/or any 3 or more courses not in Marketing, will not be allowed to proceed in the program. If students wish to re-enter the program they must complete the outstanding courses and re-apply to the program.

    2. At the end of the first year of the program, students having failed one course not in Marketing may continue in the program. Their program option will be held if the failed course is successfully completed at BCIT, 10 days prior to the next term start up. If they are completing the courses at another institution then the students must provide proof of registration for the outstanding course no later than 60 calendar days prior to the term start date. An official transcript with the final grade must also be submitted before acceptance into the program option is granted.

    3. Students having failed two courses not in Marketing may continue in the program but their program option seat will not be held. If the failed courses are successfully completed at BCIT before term start up, the student can re-apply to their preferred option. If completing the courses at another institution students must provide proof of registration for the outstanding course(s) no later than 60 calendar days prior to the term start date. An official transcript with the final grade(s) must also be submitted before acceptance into the program option is granted.

    Students required to reapply for a program option seat in the Marketing Management Program will be competing for a limited number of seats available and are not guaranteed their first option choice.

    Accreditation

    The Professional Real Estate option of the Marketing Management program affords students the opportunity to obtain professional accreditation with both the British Columbia and Canadian professional real estate bodies upon completion of their licensing and industry experience requirements.

    Upon successful graduation in BCIT's School of Business Professional Real Estate Program, graduates are eligible to write professional licensing examinations in British Columbia, apply for membership in Canadian real estate boards and associations, apply for membership in the Urban Development Institute, the Real Estate Institute, Building and Office Management Association, the Appraisal Institute, and many other pivotal real estate professional organizations.

    Program location

    Burnaby Campus
    3700 Willingdon Avenue
    Burnaby, BC

    Continue your education

    Degree Completion

    Marketing Management graduates can obtain transfer credit toward Business degree programs at a number of universities both within and outside the province. As well, graduates may pursue degree completion through BCIT's Bachelor of Business Administration program.

    Graduating & Jobs

    Student Testimonials

    "I just recently got hired on full-time with Anthem as the Sales Coordinator for The Rockwoods project! It changed my work ethic and shaped me into who I am today. Without the hard push, I probably wouldn't stand a chance with a company like Anthem."
    ~ Gary Gill

    Additional Accreditation

    The BCIT Professional Real Estate option of the Marketing Management program allows students the opportunity to obtain professional accreditation with both the British Columbia and Canadian professional real estate bodies upon completion of their licensing and industry experience requirements.

    Also, the Professional Real Estate Program enables graduates to seek employment in the full spectrum of the real estate industry across the globe. Geographically, our graduates are working in Vietnam, Hawaii, Whistler, Calgary, Edmonton, Toronto, Saskatoon, Atlanta, Montreal, Kelowna, Dawson Creek, Victoria, Smithers, and of course Vancouver.

    Real Estate grads have found employment in residential sales and development, commercial development, industrial leasing and sales, office leasing, recreational land, land development, marketing resort properties, lending and government.

    Here are a few of the companies that have employed BCIT Real Estate grads:
    • Avison Young
    • BC Assessment Authority
    • BCBC [BC Buildings Corporation]
    • Bentall Kennedy
    • Bosa Developments
    • Bosa Properties
    • Cadillac Fairview
    • Citifund
    • City of Edmonton
    • Colliers International
    • Corbel Commercial
    • Cushman Wakefield
    • Dexter Properties
    • Fraser Surrey Docks
    • Fifth Avenue Real Estate Marketing
    • Instafund Financial
    • Intracorp
    • Ivanhoe Cambridge
    • LandQuest Realty
    • MAC Marketing
    • MacDonald Realty
    • McDonald's Restaurants [Canada]
    • Mosaic Homes
    • NKF Devencore
    • Orange National Retail Group
    • Polygon Homes
    • Prudential Sussex
    • Pursuit Capital
    • ReMax Dawson Creek
    • Rennie Marketing Systems
    • Royal LePage Brookside
    • Royal LePage Wolstencroft
    • Sitings
    • Sothebys Premier Canadian Properties
    • Springbank Developments
    • Sutton Group City Center
    • Trilogy Properties
    • Wallmark Homes
    • Whistler Real Estate Company

    Graduate employment outcomes

    The following link takes you to graduate outcome survey results containing mostly labour market results from the 2011-2013 BCIT Outcomes Surveys of 2010-2012 Graduates.
    Note: The survey results will be displayed in a separate browser window. To view these results, you need to have the Adobe Acrobat Reader installed in your Web browser.

    Advanced Placement

    Do you have a degree, diploma, or completed a substantial amount of post-secondary courses? You may qualify for advanced placement into the Marketing Management - Professional Real Estate program. Students that qualify for advanced placement can enter the program in the middle of first year or the beginning of the second year depending on the number of transfer credits received.

    Acceptance into advanced placement is dependent on a number of factors including: seat availability, course transfer credits, and the number of applications received. Most applicants are required to complete additional course work before entering their desired program. Early application is strongly recommended.

    Entry into the middle of Year 1 (January)

    • Application process opens on February 1st

    Entry into the start of Year 2 (September)

    • Application process opens on November 15th

    When applying for advanced placement, you must submit the Course-by-Course Self-Assessment form [PDF] with your online application.

    For more information about eligibility requirements and the application process, please download the Marketing Management - Professional Real Estate Advanced Placement Guide [PDF].

    Graduate Certificate in Business Administration

    The BCIT Graduate Certificate in Business Administration is also a viable option for students that have completed a bachelor’s degree. This is an eight month full-time program that leads into a number of international MBA programs.

    Business Consulting Project

    A BCIT Business Consulting Project provides second year Professional Real Estate students the opportunity to work over a 16 week period with an organization to identify a market opportunity and then test it by completing a Business Case and then, if it is profitable, building a Business Strategy to harvest the opportunity. Fully self-directed the students work in a team of two or three to identify potential opportunities, conduct research, and recommend effective solutions. The student-team completes a comprehensive, professional written report and present an oral presentation to the sponsoring organization outlining the student team’s marketing recommendations and solutions. This is as real-life as it can get for the students, fully testing their BCIT learning to-date as well as that which they are experiencing daily throughout the BCP timeline.

    Business Consulting Projects are different from traditional co-op and internship programs. Students are not assigned to actual positions, but rather fill a consulting role for businesses and organizations. Each project has a BCIT faculty member that serves as an advisor for the student consulting team. Exit surveys from participating companies show that the completed strategic business solutions consistently have a value that far surpassed their expectations

    View a complete list of past Business Consulting Projects students have completed in a wide variety of industries.

    Some of our past Business Consulting Project sponsors include:
    • Amacon
    • Appia Development
    • Avision Young
    • Bentall Kennedy
    • Boffo Developments
    • Bosa Properties
    • Bosa Ventures
    • Colliers International
    • Corbel Commercial
    • Cressey Development
    • Cushman Wakefield
    • Delta Lands
    • Dexter Properties
    • Fifth Avenue Real Estate Marketing
    • MAC Marketing
    • MacDonald Realty
    • MPC
    • Morningstar Homes
    • Mosaic Homes
    • Polygon Homes
    • Real Estate Council of British Columbia
    • Rennie Marketing Systems
    • Royal LePage Black Tusk Realty
    • Royal LePage Wolstencroft
    • Townline Homes
    • Wallmark Homes
    • Urban Analytics

    Faculty, Advisors & Staff

    The core Professional Real Estate Program courses are taught by Bill Phillips and Alfred Marchi, who bring over 70 years of practical experience in the Canadian real estate industry to the classroom every day. Bill, a graduate of BCIT and Queens University, and Alfred, a UBC graduate, create a real-life learning environment that has proven to be one of the most demanding in the BCIT School of Business. Active in the Canadian real estate industry on a daily basis, Bill and Alfred create a challenging learning platform from which each Program graduate can be well-prepared to enter and contribute to this dynamic, demanding multi-billion dollar business field.

    Advisory committee

    • Mark Belling, Fifth Avenue Real Estate Marketing
    • Andrea Camp, Mosaic Homes
    • Brad Cowden, Wallmark Homes
    • Stephanie Corcoran, Re/Max Real Estate Services
    • Michelle Corday, Marco Properties
    • Stephen Duyvewaardt, SDM Realty Advisors
    • Robert Fawcett, Real Estate Council of British Columbia
    • Pat Kelly, The Whistler Real Estate Company Ltd.
    • Kevin Kurjata, ReMax Dawson Creek
    • Kirk Kuester, Colliers International
    • Lisa Bjornson, Royal LePage BlackTusk Realty
    • Rich Lawson, Pursuit Capital Corporation
    • Cal Lindberg, Angell Hasman
    • Rudy Nielsen, NIHO Land & Cattle Company
    • Cal Ross, Johnston Ross & Cheng Appraisals
    • Ben Taylor, Wesgroup
    • Jamie Schreder, Royal LePage Wolstencroft
    • Daryl Simpson, Bosa Properties
    • Dave Watt, Royal LePage North Shore
    • Bruce Weston, Pencor Capital
    • Hendrik Zessel, Cushman Wakefield

    Contact Us

    Bill Phillips,
    Program Head, 
    Professional Real Estate
    604-451-6762

    Questions or comments?

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