This is the Table of contents for the Real Estate Trading Services licensing manual

  • Preface: Introduction to Real Estate
    Land Ownership
    Land Value
    Elements of the Real Estate Market
    Characteristics of Real Property
    Organization of the Real Estate Brokerage Industry
  • Chapter 1: Fundamentals of Law
    The Sources of Our Laws
    Categories Within Our Legal System
    Real Property Law
    The Judicial System in Practice: The British Columbia Court System
  • Chapter 2: The Real Estate Services Act
    Requirements for Licensing
    The Licensing Body – The Real Estate Council
    Real Estate Foundation, Errors and Omissions Insurance Corporation and Compensation Fund Corporation
    Other Real Estate Related Organizations
    Licensing System
    Licensee Conduct
    Property Management
    Additional Responsibilities of a Brokerage
    Discipline and Enforcement
    The Real Estate Development Marketing Act
  • Chapter 3: What the Purchaser Buys: Estates and Interests in Land
    The Evolution of Real Property Law and the Doctrine of Estates
    Fee Simple Estate
    Life Estate and Estate Pur Autre Vie
    Leasehold Estates
    The Extent of “Ownership” in Land
    Interests in Land Less Than Estates
    Co-Ownership of Land
  • Chapter 4: The Subdivision of Land and Title Registration in British Columbia
    Who Owns the Land?
    How is Land Divided?
    How a Strata Development is Created
    Types of Strata Property
    Title Registration in British Columbia
    The Torrens System of Land Registration
    Land Title Offices, Searching Title, and the Registration Process
    First Nations Land Registration
    Contaminated Sites Registry
    Manufactured Homes
    Appendix 4.1: Sample Excerpts from Strata Plans
  • Chapter 5: The Professional Liability of Real Estate Licensees
    Common Grounds of Liability Against Licensees
    Misrepresentations and Deceit
    Errors in Drafting Agreements
    Breach of Fiduciary Duty
    Statutory and Industry Liability
    What is the Bottom Line?
    Introduction to Tort Law
    Private Nuisance
    Liability of an Occupier
  • Chapter 6: Commercial and Residential Tenancies
    Nature of the Relationship
    Types of Tenancies and Termination
    Residential Tenancy Arbitrations
    The Express Rights and Obligations of the Parties
    The Implied Rights and Obligations of the Parties
    Miscellaneous Provisions of the Residential Tenancy Act
  • Chapter 7: Strata Properties (Condominiums) and Cooperatives in British Columbia
    The Strata Corporation
    How a Strata Corporation is Governed
    Bylaws and Rules
    Legal Proceedings
    Strata Titles Compared with Cooperative Corporations
    Appendix 7.1: Sample Excerpts From Strata Plans
    Appendix 7.2: Strata Property Act Form B – Information Certificate
    Appendix 7.3: Strata Property Act Form F – Certificate of Payment
    Appendix 7.4: Strata Property Act Form J – Rental Disclosure Statement
    Appendix 7.5: Strata Property Act Form K – Notice of Tenant’s Responsibilities
  • Chapter 8: Financial Statements
    Forms of Organization
    Generally Accepted Accounting Principles (GAAP)
    Financial Statements
    The Balance Sheet (or Statement of Financial Position)
    The Income Statement (Revenue and Expense or Operating or Profit and Loss Statement)
    Taxable Income
    Relationship Between the Income Statement and the Balance Sheet
    Closing Balance Sheet – Proprietorship
    Closing Balance Sheet – Partnership
    Corporate Financial Statements
    Explanatory Notes and Comments
    Accounting Software
    Appendix 8.1: Balance Sheet
    Appendix 8.2: Income Statement
  • Chapter 9: Professional Ethics
    Why Study Professional Ethics?
    What are Professional Ethics?
    The REALTOR® Code of Ethics of the Canadian Real Estate Association
    Duty to Uphold the Law
    Duty to Client in Real Estate Transactions
    Avoidance of Conflicting Interests: Impartiality
    Pecuniary Relations with Clients
    Responsibility to Other Parties
    Duty to the Profession
    Disciplinary Hearings Before a Real Estate Board
    Appendix 9.1: CREA Standards of Business Practice and Interpretations
  • Chapter 10: The Law of Contract
    Void, Illegal, Voidable and Unenforceable Contracts
    Legal Intention
    Legal Object
    Genuine Consent
    Termination of a Contract
  • Chapter 11: Contracts for Real Estate Transactions
    The Requirement of Writing
    Listing Contracts
    Contract of Purchase and Sale
    Conditions Precedent and Subsequent
    Risk Management for Licensees
    Appendix 11.1: Sample Listing Contract
    Appendix 11.2: Contract of Purchase and Sale
    Appendix 11.3: Property Disclosure Statement
  • Chapter 12: Law of Agency
    Agent’s Appointment and Authority
    Types of Real Estate Agency Listing Contracts
    Relationship between the Real Estate Agent and the Principal
    Agency Disclosure
    The Common Law Duties of the Agent to the Principal
    The Duties of the Principal to the Agent
    Relationship Between the Agent and the Third Party
    Appendix 12.1: Two Limited Dual Agency Agreements
    Appendix 12.2: Working With a REALTOR®
  • Chapter 13: Introduction to Mortgage Finance
    Role of Financing in Real Estate Transactions
    The Capital Market
    The Characteristics of Mortgage Loans as Investments
    Development of Contemporary Mortgage Lending
    Classification of Mortgage Loans
    Mortgage Repayment Plans
    Mortgage Interest Rates and the Federal Interest Act
    Using the HP 10BII/10BII+ Calulator in this Course
    The Basis of Interest Calculations
    Future Value and Present Value of Lump Sums
    Annuities: Payments
    Calculating Interest Only Payments
  • Chapter 14: Interest Rates and Mortgages
    Equivalent Interest Rates
    Application of Equivalent Rates To Periodic Mortgage Payments
    Analysis of Constant Payment Mortgages
  • Chapter 15: Introduction to Mortgage Law
    Introduction to Mortgage Law
    Legal and Equitable Mortgages
    Implied Terms of a Mortgage
    Express Terms of a Mortgage
    Special Types of Mortgages
    Federal Legislation Over Mortgages
    Provincial Legislation Over Mortgages
    Assignment of the Mortgage
    Assumption of the Mortgage
    Novation and Impairment of the Security
    Future Advances
    Lenders’ Remedies
    Judicial Sale
    Action on the Personal Covenant
    Quitclaim Deed
    Possession and Sale
    Agreements for Sale
    Appendix 15.1: Wrap-Around Mortgages
  • Chapter 16: Mortgage Analysis in Real Estate Practice
    Impact of Financing on Real Estate Transactions
    Portable Mortgages
    Bonused Mortgages: Impact of Brokerage Fees
    Appendix 16.1: The Calculation of APR
  • Chapter 17: Mortgage Underwriting and Borrower Qualification
    Residential (Owner-Occupied) Mortgage Underwriting
    Financial Covenants of the Borrower
    Advancing the Loan and Collection of Payments
    Commercial Mortgage Loan Underwriting
  • Chapter 18: Local Government Law
    The Three Levels of Government
    The Rationale for the Regulatory System
    The Planning Process
    Official Community Plans
    Rural Land Use Bylaws
    Non-Conforming Uses and The Board of Variance
    Building Bylaws and Inspection
    Licensing Bylaws
    Appendix 18.1: Site Profiles and Development Screening under the Environmental Management Act
  • Chapter 19: Taxes on Real Property
    Who Pays the Real Property Tax
    The Tax Base: What is Taxed
    Basis of Assessment: What “Value” is Taxed
    The Tax Rates
    Administrative Procedures
    Exemptions and Reliefs
    Assessment Appeals
    Assessment Appeals
    Appendix 19.1: Notice of Assessment
    Appendix 19.2: Property Tax Notice
  • Chapter 20: Building Design and Construction
    Current Building Standards
    Metric Construction Modules
    Materials Used
    Architectural Information
    Apartment Building Construction
    Considerations in Apartment Building Construction
    Defects and Maintenance in Apartment Building Construction
    Apartment Building Construction Costs
    Residential Housing Classifications
    Components of a Building
    Building Envelope Systems
    Service Systems
    Domestic Heating Systems
    Plumbing Systems
    Electrical Service
    Residential Housing Defects
    Green Construction
    Appendix 20.1: Building Measurement Guidelines
    Appendix 20.2: Measurement Practices Bulletin CP-15
  • Chapter 21: Introduction to Real Estate Appraisal
    Purpose of Appraisal
    Licensing Requirements for Appraisers
    Subject of an Appraisal
    Nature of Value
    Variations in Sale Prices
    Legal Considerations for Appraisers
    Overview of the Appraisal Process
    Step 1: Defining the Appraisal Problem
    Step 2: Scope of Work Determination
    Step 3: Data Collection and Analysis
    Step 4: Market Analysis
    Step 5: Selection of the Appropriate Appraisal Approach
    Step 6: Reconciliation of Value Indications and Final Opinion of Value
    Step 7: Communicate Findings
  • Chapter 22: Direct Comparison (Comparative) and Cost Approaches of Appraisal
    Purpose of the Appraisal
    Direct Comparison (Comparative) or Market Approach
    Analysis of Market Transactions
    Adjustments for Value
    Other Applications of the Comparative Approach
    Scope of the Comparative Approach
    Limitations of the Comparative Approach
    The Comparative Approach and the Comparative Market Analysis
    The Cost Approach
    Determining Market Value by the Cost Approach
    Illustration of the Cost Approach
    Scope of the Cost Approach
    Limitations of the Cost Approach
    Appendix 22.1: Calculations Used to Find Market Value of a Vendor Takeback
    Appendix 22.2: Sample Construction Costs of a Single Family Residence
    Appendix 22.3: Sample Comparative Market Analysis (CMA)
  • Chapter 23: The Income or Investment Approach of Appraisal
    Establishing Net Operating Income
    Required Rate of Return
    Capitalization Process
    Case Study 1
    Case Study 2
  • Chapter 24: Statements of Adjustments and Completion of the Sale
    The Contract of Purchase and Sale
    Closing Procedures
    General Introduction to Statements of Adjustments
    Items on Statements
    Appendix 24.1: Building Location Survey
    Appendix 24.2: Statements of Adjustements
  • Chapter 25: Introduction to Marketing
    Marketing and Real Estate: An Overview
    Marketing Theory
    Integrated Marketing
    The Communication Process
    Generational Marketing
    Other Types of Marketing
    Measuring the Effectiveness of Advertising and Marketing
    The Listing Presentation
    Developing a Listing Marketing Program
    The Competition Act
  • Chapter 26: Technology and the Real Estate Licensee
    Determining Technology Requirements
    Computer Hardware and Peripherals
    Understanding Computer Software
    Personal Information Management
    The Real Estate Licensee’s Website
    Social Media
    Technological Resources
    Online Protocol
    Security, Computer, and Consumer Protection



Your grade will be calculated as an average of all work, according to the percentages noted in your course workbook, so no need to worry if you don’t pass an assignment or 2.