As a part of the yearly registration process, all registrants are required to successfully complete the Real Estate Update course (CPD) prior to May 31st of that year. New registrants that register after to March 31st are exempt from that yearís CPD requirement.
Commission Bylaws 329, 330, 331 and 409 outline the requirements for completing the CPD course, the consequences of not complying and the procedure and costs associated with applying for an extension of the date for completion.
The CPD course is developed to deliver current and comprehensive information such as legislative changes, compliance issues, legal updates, elements of risk reduction and professional standards. This is to ensure registrants obtain information from the course material that they can reference and use later on. CPD is in place to improve the professional image of registrants, improve public protection and to reduce potential claims against registrants.
CPD courses are available online through the Commissionís education provider, the UBC Sauder School of Business, Real Estate Division, here.
If a registrant has not completed CPD prior to May 31st, the following is required:
i) file an application with the Commission requesting a one-month extension and paying the $300 extension fee for the month of June; and
ii) apply to the education provider to enrol in the on-line CPD course and successfully complete it prior to June 30th.
In extenuating circumstances the Commission may choose to grant a registrant an extension to July 31st; but failure to complete the on-line course by July 31st will result in the suspension of the registrantís Certificate of Registration until he/she completes the on-line CPD course.
Individuals requiring previous yearsí CPD courses in order to re-instate their registration must first contact the Commission at email@example.com to obtain permission and determine the appropriate requirements. All of the Commissionís CPD courses are available through UBC Sauder.