Prerequisite:
You must register for the UBC self paced correspondence course with UBC Sauder School of Business online through their website. Call if you require our assistance. The UBC course fee is $875 (including all course materials & the first exam registration fee if it is a regularly schedule exam date).
Real Smart Rental Property Management Course:
$613 (including HST) for the complete Online E-Learning course, online workbook, quizzes, reviews and a timed mock exam.
*All appropriate taxes will apply.
Location:
This is an Online E-Learning Course that can be accessed from the privacy of your own home 24/7 for 3 months.
Dates & Times:
Start anytime. Learn anywhere working at your own pace. You have 3 months to complete the course from the date of registration.
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Course Description:
The Rental Property Management Licensing Course is administered on behalf of the Real Estate Council of British Columbia. The course is offered through UBC and is designed to provide the licensing education requirements in order to obtain your property manager’s license in British Columbia. In order to open your own property management company, you will be required to either satisfy the requirements for a brokerage license, or hire a managing broker for your company. The UBC course combines the general components of the Real Estate Trading Services Licensing Course with a curriculum which is focused on property management.
Many people find working through the UBC course alone, with little support, quite difficult. They often struggle for months and even give up or fail the exam. Real Smart has designed a complete Online E-Learning course to teach you the UBC Rental Property Management course step by step in mere weeks. We make it simple and teach you through each chapter with clear instructions and support. We test your skills along the way through quizzes. This helps us ensure you know how to study, prepare for, and actually pass the UBC exam. You are given a 100 question timed Mock Exam that emulates the real UBC exam. That’s how we know if you have a solid grasp on the types of questions you will face and that you are fully prepared to write the real test. We have all the material and videos at your fingertips 24/7 — when you want them and at your own pace.
In a hurry? Just want to give it your all and pass? No problem. You can actually complete the Online course in as little as 2 weeks!! The pace is up to you. We give you 3 months to complete the program, but you can speed this up to your liking. So rev up your brain and let’s get started. Let Real Smart show you the system that can take you from where you are now to your new career in mere weeks! Simply follow our system that has worked for thousands of students, just like you.
We are so confident you will pass the UBC exam, that if you don’t pass, you get your money back! 100% Money Back Guarantee – that’s our promise to you!
What have you got to lose?
• Time and money wasted studying on your own!
• Time and money you could be making in your new career!
What’s your time worth?
If you’re looking for practical advice you can rely on, directly “from the trenches,” you’ve found it! We have years of experience and knowledge in helping students like you pass. This course will transform the way you look at the UBC Rental Property Management course material and guarantee that you pass it! Listen, Watch, Learn and Participate at any pace … any place…. and any time! For 3 months you’ll have 24/ 7 access – day or night! Following completion of the course and your passing grade on the exam Real Smart will assist you with job placement and interview questions.
The Real Smart Online Rental Property Management course will cover the following content:
PREFACE – INTRODUCTION TO REAL ESTATE
Introduction
Land Ownership
Land Value
Elements of the Real Estate Market
Characteristics of Real Property
Historic Origins of Property Management
Development of Property Management as a Profession
The Complexity of Property Management
The Objectives of Property Management
Duties and Responsibilities of a Property Manager
CHAPTER 1 – FUNDAMENTALS OF LAW
Introduction
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
Introduction
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
Additional Responsibilities of a Brokerage
Discipline and Enforcement
The Real Estate Development Marketing Act
CHAPTER 3 – PROFESSIONAL ETHICS
Introduction
Why Study Professional Ethics?
Professionalism
What are Professional Ethics?
Duty to Uphold the Law
Duty to Client in Providing Rental Property Management Services
Pecuniary Relations with Clients
Duty to the Profession
Enforcement
APPENDIX 1: Code of Conduct of the Professional Association of Managing Agents
CHAPTER 4 – WHAT THE PURCHASER BUYS: ESTATES AND INTERESTS IN LAND
Introduction
Estates
Fee Simple or Freehold Estates
Life Estates and Estates Pur Autre Vie
Interests in Land Less Than Estates
The Extent of “Ownership” in Land
Co-Ownership of Land
CHAPTER 5 — TITLE REGISTRATION IN BRITISH COLUMBIA
Introduction
The Torrens System of Land Registration
Differences Between British Columbia’s Land Registration System and a “Pure” Torrens System
The Registration Process and Searching Title
Manufactured Homes
CHAPTER 6 – THE PROFESSIONAL LIABILITY OF REAL ESTATE LICENSEES
Introduction
Common Grounds of Liability Against Licensees
Negligence
Misrepresentations and Deceit
Errors in Drafting Agreements
Breach of Fiduciary Duty
Statutory and Industry Liability
What is the Bottom Line?
Introduction to Tort Law
Trespass
Private Nuisance
Liability of an Occupier
The Role of the Competition Act
Protection of Personal Information
PIPA
CHAPTER 7 – AN INTRODUCTION TO RESIDENTIAL AND COMMERCIAL PROPERTY
Introduction to Residential Property
The Demand for Residential Rental Property
Why Do People Rent Accommodation?
Why Owners Lease their Residences
Factors to Consider in the Tenancy Agreement
Responsibilities of the Property Manager
Management of Condominiums and Cooperatives
Introduction to Commercial and Industrial Property
Commercial Property
Industrial Property
Shopping Centres
Summary
CHAPTER 8 – 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 9 – STRATA PROPERTIES (CONDOMINIUMS) AND CO-OPERATIVES IN BRITISH COLUMBIA
Introduction
The Strata Concept
How a Strata Development is Created
Types of Strata Property
The Strata Corporation
How a Strata Corporation is Governed
Finances
Bylaws and Rules
Repairs
Legal Proceedings
Strata Titles Compared with Cooperative Corporations
APPENDIX 1: Strata Excerpts from Strata Plans
APPENDIX 2: Strata Property Act
APPENDIX 3: Grandfathering Rental Restrictions
APPENDIX 4: Strata Property Act
CHAPTER 10 – THE LAW OF CONTRACT
Preface
Introduction
Void, Illegal, Voidable and Unenforceable Contracts
Offer
Acceptance
Consideration
Legal Intention
Capacity
Legal Object
Genuine Consent
Termination of a Contract
Remedies
The Requirement of Writing
CHAPTER 11 — LAW OF AGENCY
Introduction
Agent’s Appointment and Authority
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
The Management Agreement
APPENDIX 1: Sample Management Agreement
CHAPTER 12 — EFFECTIVE NEGOTIATIONS AND ALTERNATIVE DISPUTE RESOLUTION
Introduction
The Nature of Effective Negotiations
Negotiation Approaches
When Negotiations Fail
Conclusion
CHAPTER 13: MARKET RESEARCH AND MARKETING
Introduction
The Marketing Concept
Market Segmentation and the Selection of Target Markets
The Marketing Concept and Consumer Needs
Developing an Integrated Marketing Program
Developing an Integrated Promotional Plan
The Promotional Mix
The Communication Process
The Marketing Plan
Know Your Product
Summary
CHAPTER 14: LEASES AND TENANCY AGREEMENTS
Introduction to Leases and Tenancy Agreements
The Types of Tenure
The Essential Elements of a Lease
The Essentials of a Tenancy Agreement
Gross and Net Leases
Lease Documents
Special Use Leases
Tenant Selection
Residential Tenant Selection
Commercial Tenant Selection
Industrial Tenant Selection
Shopping Centre Tenant Selection
Tenant Criteria
Lease Negotiation
Lease Interpretation
Typical Lease Clauses
The Office Building Lease (Discussion of Appendix 2)
Conclusion
APPENDIX 1: Tenancy Application
APPENDIX 2: Office Lease
CHAPTER 15 – LOCAL GOVERNMENT LAW
Introduction
The Three Levels of Government
The Rationale for the Regulatory System
The Planning Process
Official Community Plans
Rural Land Use Bylaws
Zoning
Non-Conforming Uses and the Board of Variance
Subdivision
Building Bylaws and Inspection
Licensing Bylaws
Conclusions
APPENDIX 1: Site Profiles and Development Screening under the Environmental Management Act
CHAPTER 16 – TAXES ON REAL PROPERTY
Introduction
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 Relief’s
Assessment Appeals
Summary
APPENDIX 1: Notice of Assessment
APPENDIX 2: Property Tax Notice
CHAPTER 17 – BUILDING DESIGN AND CONSTRUCTION
Introduction
Current Building Standards
Metric Construction Modules
Materials Used
Architectural Information
Apartment Buildings
Construction Types
Considerations in Apartment Construction
Defects and Maintenance
Construction Costs
Residential Housing Classifications
Components of a Building
Foundation Systems
Superstructure Systems
Building Envelope Systems
Green Construction
Service Systems
Domestic Heating Systems
Plumbing Systems
Electrical Service
Finishes
Housing Defects
Conclusion
APPENDIX 1: Building Measurement Guidelines
APPENDIX 2: Measurement Practices Bulletin CP-15
APPENDIX 3: Pictorial Diagram of CMHC Western Platform Frame House
APPENDIX 4: Building Inspection Checklist
CHAPTER 18 – INTRODUCTION TO REAL ESTATE APPRAISAL AND THE APPRAISAL PROCESS
Introduction to Appraisal
Subject of an Appraisal
Nature of Value
Variations in Sale Prices
Definitions of Market Value
Legal Considerations for Appraisers
Compensation for Negligent Realtor Appraisal
The Appraisal Process
Defining the Appraisal Problem
Selection of the Appropriate Appraisal Method
Urban Land Economics
Data Collection and Analysis
Conclusion
APPENDIX 1: Residential Appraisal Report — Full Form
APPENDIX 2: Cantwell et al. v. Petersen et al. (1982) 25 R.P.R. 290
CHAPTER 19 – FINANCIAL STATEMENTS
Forms of Organization
Accounting
Generally Accepted Accounting Principles
Financial Statements
The Balance Sheet
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
Conclusions
APPENDIX 1: Balance Sheet
CHAPTER 20 — 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
CHAPTER 21 — OPERATIONAL BUDGETS, CAPITAL BUDGETS, AND ACCOUNTING
Introduction
The Operating Budget
The Capital Budget
The Monthly Operating Statement
Summary
APPENDIX 1: Tenant Roll Form
APPENDIX 2: Tenant Arrears Report Form
APPENDIX 3: Example of Tenant Ledger
CHAPTER 22 — PURCHASING
Introduction
Strategic Procurement
Deciding How To Purchase
The Laws of Sole Source
The Laws of Competitive Bidding
Controlling Risk
Competition or Sole Source?
Developing Purchasing Policies and Documents
Competitive Bidding — The Purchasing Documents
CHAPTER 23 — PERSONNEL MANAGEMENT
Introduction to Personnel Management
Job Analysis
Personnel Selection
Conclusion
CHAPTER 24 – CONTROLS, MAINTENANCE, AND ENERGY CONSERVATION
Introduction to Controls
Accounting – Income and Expenses
Leasing
Maintenance and Repairs
Janitorial Services
Security
Assessment and Taxation
Tenant Relations
Administration
Taking Over a Property
Summary of Controls
Introduction to Building Maintenance and Repairs
Preventive Maintenance
Corrective Maintenance
Routine Maintenance
Deferred Maintenance
Keeping Operating Expenses to a Minimum
Development of an Operations Manual
Fire Prevention Systems and Equipment
Summary of Building Maintenance and Repairs
Introduction to Energy Conservation
Electrical Terminology
Energy Flows
The Building Audit
Planning Energy Conservation
Summary of Energy Conservation
APPENDIX 1: Lease Summary Form
APPENDIX 2: Sample Offer to Lease
APPENDIX 3: Leasing Progress Report
APPENDIX 4: Landlord-Tenant Work Schedule
APPENDIX 5: Institute of Real Estate Management, Office Building Inspection Report – Exterior
APPENDIX 6: Institute of Real Estate Management, Office Building Inspection Report – Interior
APPENDIX 7: Sample Daily Maintenance Log Form
APPENDIX 8: Sample Mechanical Preventive Maintenance Control Sheet
APPENDIX 9: Sample Daily Maintenance Log
CHAPTER 25 — INSURANCE AND RISK MANAGEMENT
Introduction
Risk Management
Assessing the Risks
Environmental Hazards
Vandalism and Malicious Mischief
Pressure Vessels
Third Party Liability Risk
Risk Management in Summary
Insurance Coverage
Tenant Insurance
Recording Accidents
Summary
APPENDIX 1: Personal Injury and Property Damage Report
APPENDIX 2: Property Damage Report
APPENDIX 3: Final Release
CHAPTER 26 – SECURITY, ENVIRONMENTAL PROTECTION, AND HAZARDOUS MATERIALS
Introduction
Developing a Security and Safety Program
Planning
Fire Prevention
Disaster Precautions
Building Security
Security Personnel
Security Rights and Wrongs
Liaison with Public Safety Officials
Summary
Environmental Law and Real Estate
Persons Who May be Liable
Federal and Provincial Statutes Relating to the Environment
Environmental Audits — What to Look For
Workplace Hazardous Materials and Products
WHMIS: What Does it Mean?
BC Regulations
Summary
APPENDIX 1: Bomb Threat Checklist
APPENDIX 2: Earthquake Survival Guide
APPENDIX 3: Sample Questions for a Pre-Bid Questionnaire
APPENDIX 4: Topics to Cover in Bid Specifications
• TABLES OF CASES
• GLOSSARY
• INDEX
