Industry

Professional Members of the Real Estate Institute of British Columbia are entitled to use the professional designation R.I.(B.C.). Successful completion of the Diploma Program meets the academic requirements for Professional Membership; applicants must also have been employed in the general real estate industry for three of the previous four years and must be so employed at the time of application.

Student Membership is available to anyone enrolled in the Diploma Program and/or to those who have completed the academic requirements but do not yet meet the necessary experience qualification.

For further information, contact:

The Real Estate Institute of British Columbia
The Membership Secretary
1750 - 355 Burrard St.
Vancouver, BC V6C 2G8
Tel: +1 604.685.3702
Fax: +1 604.685.1026
Toll-free: 1.800.667.2166
Email: info@reibc.org
Web: www.reibc.org

The Real Estate Institute of Canada grants professional accreditation to practitioners in the real estate industry. Successful completion of the Diploma Program meets the educational requirements for membership as a Fellow of the Real Estate Institute (FRI).

Partial completion of the Diploma Program meets the core education requirement of the Certified in Real Estate Finance (CRF) and Certified Leasing Officer (CLO) designations, which require completion of additional courses.

Student memberships are also available. For details on REIC accreditation, contact:

The Real Estate Institute of Canada
5407 Eglinton Avenue West, Suite 208
Etobicoke, ON M9C 5K6
Tel: +1 416.695.9000
Fax: +1 416.695.7230
Toll-free: 1.800.542.7342
Email: infocentral@reic.com
Web: www.reic.com

The Institute of Real Estate Management is a division of the Real Estate Institute of Canada. Completion of BUSI 111/112, 121, 221, and 300 meets the core educational requirements for the Certified Property Manager® (CPM®) designation. IREM offers additional specialized courses which are required to complete the Certified Property Manager® educational program.

For further information, contact:

The Institute of Real Estate Management
Chapter Administrator
British Columbia Chapter #50
#373-5525 West Boulevard
Vancouver, BC, V6M 3W6
Tel: +1 604.638.3457
Fax: +1 604.681.4545
Email: bc@reic.com
Web: www.reic.ca/bc/

The Institute of Municipal Assessors recognizes completion of the Certificate Program in Real Property Assessment as meeting the core educational requirements leading to the AIMA and the MIMA designations. In addition, the IMA recognizes the BUSI 444 Case Study (Comprehensive Case Study) as being equivalent to the residential mass appraisal demonstration report.

For details regarding accreditation, contact:

The Institute of Municipal Assessors
10720 Yonge St., Suite 206
Richmond Hill, ON L4C 3C9
Tel: +1 905.884.1959
Toll-free: 1.877.877.8703
Fax: +1 905.884.9263
Email: info@assessorsinstitute.ca
Web: www.assessorsinstitute.ca

The IAAO recognizes completion of the Assessment option as meeting the educational and one of the demonstration report requirements towards the designations: Certified Assessment Evaluator (CAE), Residential Evaluation Specialist (RES), and Mass Appraisal Specialist (MAS).

For details on IAAO accreditation, contact:

The International Association of Assessing Officers
The Director of Professional Development
314 West 10th Street
Kansas City, Missouri 64105
Tel: +1 816.701.8100
Toll-free: 1.800.616.4226
Fax: +1 816.701.8149
Web: www.iaao.org

The Alberta Assessors' Association (AAA) is a provincial professional association that represents professional assessors. The AAA is recognized as the authority on Assessment practices.

The AAA is a regulated profession that grants the use of the Accredited Municipal Assessor of Alberta (AMAA) designation. The AAA is an affiliate organization of the International Association of Assessing Officers (IAAO) and recognizes RES and CAE courses as meeting some of the requirements for the AMAA designation. The AMAA designation is also recognized as meeting the the eligibility requirements for licensing for a Fee Appraiser in Alberta.

The AAA recognizes the University of British Columbia Diploma in Urban Land Economics, Assessment Specialization, as an approved program that meets the core educational requirements for the AMAA designation.

Demonstration Appraisal Reports

The AAA deems the BUSI 499 Guided Case Study course administered by UBC as equivalent to the AAA Demonstration Appraisal Report experience requirement.

Additional Designation Requirements

Students should also consult the AAA office or the Candidate Member Checklist on the AAA website for further details on additional education and experience requirements specific to assessment in Alberta.

Alberta Assessors Association
10555 172 Street Northwest
Edmonton, AB T5S 1P1
Tel: +1 780.483.4222
Fax: +1 780.487.7505
Email: membership@assessor.ab.ca
Web: www.assessor.ab.ca

The Saskatchewan Assessment Appraisers' Association (SAAA) recognizes completion of the Certificate Program in Real Property Assessment as a portion of the core educational requirements required to obtain the Municipal Assessment Appraiser of Saskatchewan (MAAS) and the Municipal Rural Assessment Appraiser of Saskatchewan (MRAAS) professional designations.

For further information and details regarding accreditation, please contact:
Saskatchewan Assessment Appraisers' Association
2424 College Avenue, 3rd Floor
Regina, SK S4P 1C8 
Tel: +1 306.352.1795
Fax: +1 306.757.9077
Email: saaa@sasktel.net
Web: www.saskaaa.ca

The Association of Assessing Officers of Manitoba (A.A.O.M.) recognizes the Certificate Program in Real Property Assessment as a starting point for their core education requirements to achieve the Accredited Assessor, Manitoba (A.A.M.) designation.  The A.A.O.M. is an affiliate organization of the International Association of Assessing Officers (I.A.A.O.) and recognizes RES and CAE courses as meeting some of the requirements for the A.A.M. designation.

For further information, please contact:
Association of Assessing Officers of Manitoba (A.A.O.M.)
P.O. Box 2178 STN Main
Winnipeg, Manitoba
R3C 3R5
Tel/fax: +1 204.389.3500
Email: admin@aaom.mb.ca
Web: www.aaom.mb.ca

The Appraisal Institute of Canada recognizes the Diploma Program in Urban Land Economics as meeting many of the educational requirements for the CRA and AACI professional designations.

NOTE: Candidates must hold a degree from an accredited university in order to attain use of the AACI designation. However, this is an exit requirement, not an entrance requirement for candidacy and the degree may be completed during the period of candidacy. Effective January 1, 2006, the degree requirement also applies to candidates for the CRA designation.

For further details contact: 
Appraisal Institute of Canada
National Office
403 - 200 Catherine St.
Ottawa, ON K2P 2K9
Tel: +1 613.234.6533
Fax: +1 613.234.7197
Email: info@aicanada.ca
Web: www.aicanada.ca

Real Estate Services Act Licensing Requirements:

For information about the real estate licensing courses, go to the Licensing Courses section of this website.

In addition, the courses of the Diploma Program may be recognized by the BCFSA as meeting some or all of the educational requirements for a real estate trading services, property management, or broker's licence.

Mortgage Brokerage:

The Mortgage Brokerage in BC course or all of the courses BUSI 111, 121 and 221 of the Diploma Program satisfy the requirements for registration as a Mortgage Broker in BC. However, these minimum educational requirements are subject to change, and you should check the Mortgages Registration Information on the BCFSA website for current requirements.

Students in the Diploma Program who are interested in obtaining a real estate licence or registration as a sub-mortgage broker should contact:

BC Financial Services Authority
600 - 750 West Pender Street
Vancouver, BC V6C 2T8
Tel: +1 604.660.3555
Fax: +1 604.660.3365
Toll-free: 1.866.206.3030
Web: www.bcfsa.ca