Your decision to undertake a career in real estate, as with the choice of any vocation, merits very careful consideration. It is a field in which you may easily misjudge your future. Each year many individuals expend time, effort and money to enter the real estate vocation only to discover that they cannot complete the required licensing course and examination or, having done so, that they are unsuited to the work.
The Real Estate Services Act requires that applicants for a licence shall be of "good reputation". Following application for a licence to the Real Estate Council, the applicant is investigated. (The Real Estate Council is the licensing and regulatory agency established by the provincial government to administer the Real Estate Services Act.) General business and personal reputation are reviewed along with criminal convictions and charges, which must be disclosed, including any where conditional or absolute discharges were granted. Current policy is that these are not necessarily a bar to registration, depending upon circumstances and recent record.
To be eligible for real estate licensing in the province of British Columbia, section 10(b)(i) of the Real Estate Services Act requires that an applicant for licensing is at least 19 years of age. Individuals who are interested in pursuing a career in real estate who are not yet 19 should keep in mind that the applicable licensing course and examination may be completed prior to the age of 19 and that individuals have up to one year from the date of passing a licensing exam to apply for licensing. As a result, individuals who do not yet meet the age requirement may wish to plan courses and examinations accordingly.
Making a commitment to a career in real estate also includes a number of financial considerations. Licensing course fees, licensing fees, Real Estate Board membership fees, brokerage fees and a number of business related expenses(cell phone, computer, etc.) are just a few of the expenses that need to be considered.