Course Overview
In combination with courses REAL 5500, 6000, 6100, 6200, 6700 this course will prepare you to successfully conquer the Real Estate Trading Services, Rental Property Management, Strata Management, and Broker’s BC licensing examinations, as required by the Real Estate Council of British Columb ia. Real Estate Law and Principles provides the foundational knowledge-base for students’ real estate industry learning within this dynamic, complex business milieu. Focused on the British Columbia real estate industry model, this course includes a comprehensive slate of topics: fundamentals of Canadian law, and BC law governing real estate industry regulation, professional liability, tenancy law, strata property law, professional ethics and standards of practice, contracts, agency, real property tax, the environment, indigenous lands, and the real estate transaction completion process. Students will learn by researching relevant applicable BC law and regulation and then comparing and contrasting it with that of other jurisdictions globally. In class case presentations, individually and in teams, along with in class individual examinations will confirm the student’s learned knowledge.
Prerequisite(s)
- Acceptance into the Advanced Diploma Professional Real Estate Program
Credits
5.0
- Retired
- This course has been retired and is no longer offered. Find other Flexible Learning courses that may interest you.
Learning Outcomes
Upon successful completion of this course, the student will be able to:
- Explain the underlying standard practice principles of the real estate brokerage industry in British Columbia, including but not limited to, regulatory requirements and ethical standards of practice.
- In real world scenarios accurately apply the foundational legal principles for professional and ethical issues, professional liability, residential and commercial tenancy, strata property, indigenous lands, contracts, agency law, and property tax law.
- Explain typical standard contracts for real estate transactions for the sale, rental, exchange, or lease of real property in British Columbia.
- Explain both the transaction completion process and the basics of the Statements of Adjustment in a typical real estate sale transaction.
- Explain the typical transaction process for a commercial lease transaction.
Effective as of Winter 2020
Programs and courses are subject to change without notice. Find out more about BCIT course cancellations.