News Bulletin - May 30, 2017
Licence Renewal Information
- I cannot complete my CPE on time, what can I do?
- As a broker, what do I need to know about advertising during renewals?
Licence Renewal Information
Continuing Professional Education
In accordance with Bylaw 323(a), Continuing Professional Education (CPE) requirements must be completed by June 15th to process your renewal. Failing to complete CPE prior to
the deadline will result in your licence not being renewed.
Licensees failing to have their licence renewed due to incomplete CPE requirements will have their name published per Bylaw 839(c), unless they are granted a licence extension
or choose to terminate their licence by June 30th.
See Continuing Professional Education requirements for 2016/17
Licensees can terminate their licence prior to the renewal date if they anticipate they will not be trading in real estate in the upcoming licencing year. Termination forms may be posted-dated with any date up to and including June 30th. To terminate your licence, complete a Notice of Termination Form and provide it to the Commission.
Upon termination, for any reason, all advertising (including all online advertising) must immediately be removed or the licensee and their broker may be subject to disciplinary action.
Q: I cannot complete my CPE on time, what can I do?
A: You may apply to the Commission for a licence extension which will keep your licence active for 30 days until July 30th at which time your remaining required CPE courses must be completed.
At the end of the 30 days, if your CPE is not completed your licence will not be renewed and you must immediately stop all trading activities and advertising until such time as your CPE is complete and you reapply.
To apply for a licence extension, submit a completed Licence Extension Form with the corresponding extension fee by no later than noon on June 30th.
The form is available here and at the Commission office.
Q: As a broker, what do I need to know about advertising during renewals?
A: Brokers are ultimately responsible for the brokerage’s advertising and that of their licensees. It is important that you ensure all advertising for licensees who have not renewed their licences is removed prior to June 30th. Failing to do so may result in disciplinary action.
The Commission will review the advertising activity of newly expired and terminated licence holders, including online advertising and social media sites, to ensure compliance with the Real Estate Trading Act and Commission Bylaw. Some sites require several days for changes to be made, therefore be mindful and allow yourself sufficient time to process the request. Should you encounter issues removing advertising in time, including for reasons out of your control, please notify the Commission’s compliance team immediately.