The practical field assignments required in the Commercial Trading Services Applied Practice Course must be completed during the temporary licence period. As a managing broker, you are responsible for the supervision and conduct of related licensees as required under Section 6(2) of the Real Estate Services Act and section 3-1 of the Real Estate Council of British Columbia Rules. However, how a managing broker chooses to supervise a new licensee is not defined by the Act and is left to the discretion of each individual managing broker.
The practical field assignments are designed to assist new licensees in developing the appropriate competencies to complete a real estate transaction in accordance with the Real Estate Services Act, regulations and Council Rules:
- Assignment 1: Listing a Property for Sale – Representing a Seller
- Assignment 2: Establishing Agency and Providing Trading Services to or on behalf of a Buyer
- Assignment 3: Showing Properties - Your Agency Responsibility
- Assignment 4: Researching Properties
- Assignment 5: Completing a Contract of Purchase and Sale (either for a client or a customer)
- Assignment 6: Presenting an Offer and Negotiating a Counter-Offer
By completing the practical field assignments licensees will review and develop skills related to the core concepts of agency, disclosure and contracts. They’ll become familiar with using appropriate forms, conduct research and use industry resources including the Professional Standards Manual.
Managing brokers are responsible for ensuring that new licensees registered with their brokerage complete the self-paced practical field assignments competently and in accordance with the Act, regulations and Council Rules.
To assist the managing broker in fulfilling these responsibilities, Component three of the new Applied Practice Course provides detailed instruction and resources for new licensees to complete practical field assignments correctly and competently. For more information, specifically designed for managing brokers on the new Commercial Trading Services Applied Practice Course, please see the Managing Broker Toolkits.