Program Recognition
Certified Reserve Planner (CRP) designation. Review the REIC website for more information on the CRP designation, including pre-requisites, additional course requirements, and the application form for the CRP candidate membership | The Real Estate Institute of Canada (REIC) recognizes RFPP course completion as meeting education requirements towards its
The RFPP provides foundational education for Appraisal Institute of Canada members wishing to complete reserve fund studies under the Canadian Uniform Standards of Professional Practice (CUSPAP). |
Program Structure
The Reserve Fund Planning program consists of two non-credit, open-enrollment, self-paced courses. Each course must be completed within 12 months of registration. All courses are delivered by online learning, and include printed course materials, online videos and a Course Resources webpage.
Courses
- CPD 891: Fundamentals of Reserve Fund Planning
AIC credit hours: 12 | Tuition: $495 - CPD 899: Reserve Fund Planning Guided Case Study
AIC credit hours: 12 | Tuition: $1,395
Workload and Requirements
- Students should expect to commit at least 10 hours per lesson
- Access to Microsoft Excel or equivalent spreadsheet software
- CPD 899 students will require access to a suitable condominium/strata property as a subject for their Reserve Fund Study Report
- The passing rate in each course is 70%
- Each course must be completed within 12 months of registration
Admission to UBC’s Reserve Fund Planning Program
CRP designation, please visit the REIC website and fill out the Application form. You should not use the UBC admissions processes described below because REIC CRP candidacy automatically admits you to the UBC RFPP as well. Please note that the CRP designation requires different pre-requisites, plus additional courses. | If you are interested in pursuing the
you should apply now for UBC RFPP admission. The UBC admission fee is $35. Admission to the UBC RFPP is subject to satisfying certain prerequisites described on the RFPP Program Prerequisites and Eligibility webpage , in addition to providing proof of high school graduation and English Language Proficiency. | If you wish to pursue the UBC RFPP directly,
Learning Assessment
CPD 891: Fundamentals of Reserve Fund Planning
CPD 891 requires a series of multiple choice assignments and one written project. The course ends with a final written examination. To be eligible to register for and write the final examination, all assignments and projects must be submitted, marked, and passed. You can then register for the exam online.
For more information on exam scheduling, availability, and registration, go to Examinations.
CPD 899: Reserve Fund Planning Guided Case Study
CPD 899 requires a series of written assignments that culminate with a final report. Throughout this course, students will be guided through the process of creating a comprehensive reserve fund study report. The accumulation of this coursework leads to the submission of this final report, ultimately showcasing the student’s competency in producing professional-quality research, analysis, and writing in this field.
Tutorial Assistance
Assistance with the course material is available from our course tutors, through email or telephone. In addition, there are many other helpful resources available to students through the Real Estate Division website.
Registration
If you have already been admitted to the Reserve Fund Planning Program, please login using your 7 digit Real Estate Division student number and register for RFPP courses CPD 891 and 899.
Additional Information
Tutorial Assistance
Students can get help from Real Estate Division academic staff and industry specialists, by e-mail or telephone. There are also many other helpful resources available to students on the course website.
Workload
Students should expect to commit at least ten hours per week to their studies and assignments. The material is not easy. Diligence, organization, and self-discipline are essential. Each course has a set schedule for assignments, projects, and examinations -- please note there are fees imposed for late submissions of assignments and projects, as well as for deferral of examinations or transferring to subsequent terms.
Additional Course Requirements
The Hewlett Packard (HP) 10BII+ calculator will be used in the demonstration of analytical techniques in the program of studies; however, there are a variety of pre-programmed financial calculators on the market, some of which will perform more sophisticated calculations or have greater programming capacity. You may use any financial calculator for the course and examination, providing it is silent, cordless, handheld and not alphanumeric and programmable. Many stationary and department stores sell the 10BII+ and you are encouraged to "comparison" shop because discount or sales prices are often available. If you are unable to locate the calculator in your area, one can be purchased online at the Real Estate Division Bookstore.
All students taking Real Estate Division courses must have high-speed access to the internet. Most course materials including videos and learning resources are available online, and all assignments and projects are also submitted online. Access to a high-quality printer is also beneficial as it is sometimes necessary to print certain materials from Real Estate Division website.
Program Regulations
View a copy of the full program regulations from the Real Estate Division Student Handbook: Credit Courses.
Examinations
Most Real Estate Division courses end with a final examination. For more information on exam scheduling, availability, and registration, go to Examinations.
Awards
A number of awards are available to students in the Real Estate Division’s credit programs.
FAQs
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Before you can register for the courses, you first need to be admitted to the RFP Program. If you want to pursue REIC’s CRP designation, you should first apply for REIC CRP Candidate Membership. This automatically admits you to the UBC's RFP Program. Alternatively, if you are not pursuing the REIC CRP designation, you can proceed directly to the UBC RFPP admissions webpage. UBC’s admissions require a $35 admission fee; UBC staff will review your prior education and confirm you have met the pre-requisites. For both paths, once admitted, you can then register for the courses.
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The RFPP is an academic credential from UBC; the CRP is a professional designation from REIC. The REIC recognizes the RFPP courses (CPD 891 & 899) as meeting the core education requirements for the CRP designation. REIC also requires additional courses. The UBC RFPP is also completed by many designated AIC members for meeting CUSPAP’s requirement under the Reserve Planning Standard. The CRP is REIC’s Certified Reserve Planner designation. Completion of the RFPP academic credential may be sufficient in some provinces (such as Alberta and BC) to be qualified to complete reserve fund studies or depreciation reports.
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Students seeking REIC’s CRP designation must apply for CRP Candidacy directly with REIC. REIC has further specific requirements for pre-requisites, which may require further coursework. As well, the CRP designation requires additional courses beyond CPD 891 and 899.
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If you are pursuing the CRP designation, then REIC will handle your program admission, including evaluating your prerequisites. You must fill out the Candidate Member Application form on the CRP webpage. If you are pursuing the UBC RFPP, then UBC’s Admissions Officer will evaluate your past education for credits for prerequisites, based on your official transcripts and descriptions of work experience. This is included in the $35 UBC RFPP admission fee. Courses must be similar in course content and academic rigour to qualify for transfer credit. Note that work experience will be taken into consideration in determining your coverage of prerequisites. Students without all prerequisites may be admitted conditionally, to allow for the completion of prerequisites, and then fully admitted once these prerequisites are successfully completed. For more information on prerequisite policies, please contact the Real Estate Division's Admissions Officer.
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UBC admittance requires proof of English competency, which can be accomplished by one of the options specified on this page. Most students complete this requirement by proof of grade 12 completion (or its equivalent) at an English-speaking secondary school or by graduation from a degree program at an English-speaking university. Transcripts must be original and official – contact the educational institution and have them submit transcripts directly to the UBC Real Estate Division. Students without grade 12 completion can apply under mature student status, which requires submission of school transcripts plus a letter of intent, a resume outlining additional education, work experience, etc.
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You must first be admitted to the program, either by applying through REIC or directly with UBC. Course registration is completed via the Real Estate Division's website.
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Graduates of Real Estate Division's RFP program are currently employed as reserve fund planning professionals across Canada. The Real Estate Division's Admissions Officer can provide you with information on finding or managing your career in real estate. You may wish to peruse the following Real Estate Division resources:
- The career opportunities page on the Real Estate Division's website. Employers add their job postings as they become available, so it is important to check this site on a regular basis.
- The Real Estate Division's Employer Contact List. Employers occasionally call and ask for a list of students who have completed a certain level of education so they can contact the student directly. The Real Estate Division will forward the list of students that meet the educational requirements and have their name on the employer contact list. You can sign up for this contact list at the bottom of your course resources webpage. Be sure to add a check mark to this area of your contact form if this service is of interest to you. The Real Estate Division will keep students on the current list for a period of one year after they graduate.
- The Real Estate Division mail-outs. Employers sometimes ask to have their job posting sent out to all students registered in a particular course. The Real Estate Division will include this posting with the next mail out of course assignments. This is another reason for submitting your course assignments on a regular basis!
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For the Appraisal Institute of Canada's Continuing Professional Development (AIC CPD) Program, successful completion of CPD 891 and CPD 899 may each receive 12 CPD credits. For professional development recognition from other organizations, please contact the Real Estate Division for assistance in determining applicable credit hours.
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No. The RFPP courses are non-credit and do not count towards UBC credit programs such as the BBRE or Diploma in Urban Land Economics.
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Reserve Fund Planning Program students are not eligible for UBC awards or scholarships. At the moment, there are no Real Estate Division awards for RFPP courses. As the courses are non-credit, they do not likely quality for student loans, though students are encouraged to investigate these possibilities in their location.
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The best source of information on this specialization is to speak to other professionals and firms already doing this work. These people will be aware of the local requirements and the potential work available. You may wish to speak with REIC members holding the CRP designation and with AIC members who specialize in reserve fund planning. You may also wish to speak to local condo/strata managers/property managers, as they likely work the most directly with the reserve fund planners and can advise on their requirements. Condominium/strata organizations may also be a source of information – for example:
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To begin working as a reserve fund planner, you must first ensure you meet your province's legislative requirements; please research these requirements before you enrol, as some provinces require specific degrees or membership in professional associations. Beyond this, you need to be trained on the specifics of completing these studies, which you will gain from your studies in CPD 891 and 899. You may wish to consider seeking REIC’s CRP designation as a demonstration of professionalism in reserve fund planning. AIC members must ensure they have met the competency provisions as outlined in CUSPAP
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Once you have completed your education requirements, you should have achieved the competencies to complete reserve fund study reports for real estate clients. With your RFPP Award of Completion in hand, you can pursue clients for your new reserve fund planning specialization; however, ensure you have met the requirements of your local legislation regarding reserve fund planning. If you are pursuing the REIC CRP designation, you must complete the additional course requirements specified by REIC.
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In general, you should expect to receive your materials within 3 weeks of your registration. If you have not received your materials within 4 weeks of registration, please contact us, as administrative or delivery issues do sometimes occur. In the meantime, please visit the course resources webpage, as you can find electronic versions of all materials, in order to get a head start on your studies.
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After you have registered for and been admitted to the course, you should visit the course resources webpage to get a head start on your studies. Review the “Get Started” tab for a course orientation. You can find electronic versions of all course materials as well as instructional videos on the Materials tab.
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Computer access is mandatory for Real Estate Division courses. Multiple choice assignments and projects are submitted online. Web resources are an integral part of the courses, including instructional videos, additional readings, answers to review questions, and other helpful resources. There is an online discussion forum that is provided to discuss course concepts with fellow students. There are online contact lists and email is the main communication medium between tutors and students.
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Acrobat Reader allows you to view PDF (Portable Document Format) files, where a document can be viewed online regardless of what program it was created in. You can download Adobe Acrobat Reader to view a PDF file. Be sure to follow the download instructions on their website for optimal viewing of PDF files.
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The following are several possible reasons you may be having difficulty:
- Ensure that your web browser is set to accept "cookies". To edit this in Internet Explorer, select Tools...Internet Options...Security. It should be set to medium.
- We strongly recommend updating your browser to the latest version of the software as this can speed up your browsing and minimize any potential access issues to features such as Live Classroom or Webinars.
- If you are continually receiving an error page when attempting to login, try pressing the "refresh" button. Sometimes your browser is re-using a cached page, and this will clear the problem.
- If you owe fees or if the Real Estate Division is awaiting your transcript, you may receive an error message on certain pages on our site. You should still be able to access your course resources webpage and all other web features, except for course history, which you can only access once your fees are paid or transcript is received.
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The assignments are completed at your own pace, therefore there are no due dates – the only requirement is that the assignments and project be submitted within a year of enrollment.
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The courses consist of a series of lessons, each presenting a comprehensive learning module for a specific topic. Each lesson begins by specifying assigned and recommended readings, outlining learning objectives, and then the instructor’s comments. The lessons end with review and discussion questions and either a multiple choice quiz or a written assignment. As well, there are supplementary materials online including videos, links to informative websites, and additional readings.
CPD 891: There are five lessons, each ending with a 20-question multiple choice assignment. There is a written project, which is a practical research exercise that involves applying the course concepts to real-life scenarios. The final examination is written online and consists of multiple choice, short answer, and essay questions.
CPD 899: This is a guided case study course that walks students through the process of creating a reserve fund study report. The initial lessons provide foundational knowledge on writing, research, and critical thinking. The later lessons break the reserve fund planning process into several steps. In each lesson, the student completes one section of the reserve fund study, submits it for grading, and receives expert feedback on this work. The final project accumulates these assignments into a comprehensive reserve fund report.
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All Real Estate Division courses are designed to be stand-alone distance education offerings; the examination is always based solely on the course materials that were sent to you and those provided online, including the instructional videos. For classroom offerings, the Real Estate Division is open to partnership arrangements with employers or professional associations who wish to offer classroom instruction to supplement Professional Development courses. Materials will be made available for a fee; contact the Real Estate Division for further information: info@realestate.sauder.ubc.ca.
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The time needed will vary by course. Weekly multiple choice questions may only take 2 or 3 hours, while completing a project or studying for your exam might take 20 hours or more. Overall, the time requirements should average to 10-20 hours per lesson. This time requirement is roughly based on the time needed for a typical college/university course: three hours per week in class and two hours of homework for each of these hours, to a total of 10 hours per week. If you are taking significantly more time than this per week, you are probably getting a very in-depth understanding of the materials, but may be spending more time on any given subject than is optimal. If you are taking significantly less time than this, you might be a fast worker who is able to take in a lot of information quickly, or you could be missing areas of the material that may be tested later, and should exercise caution!
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The multiple choice questions are intended to be "challenging but fair". These "quizzes" have three main intents:
- to motivate students to read the course materials closely;
- to motivate students to proceed through the course on schedule – by following established due dates, we try to minimize procrastination; and
- to help students prepare for the final exam.
To reflect this, they are given quite minimal weight assigned in terms of final grade. Each individual question has virtually no effect on a student's final grade. You need to read the questions closely, as the specific language can often make a real difference to the meaning of the options. However, be careful to avoid over-analyzing questions and making them harder than intended. A good rule in answering multiple choice questions (especially on exams) is to stay with your initial "gut instinct" and not change your answer unless you have a specific reason to do so: e.g., missed something in the question, made a mistake in the calculation, misread something obvious. If you are tempted to change your answer upon reflection, quite often you are reading things into it that aren't there, tying yourself up in "what if" type theoretical knots.
If you find you are spending hours on individual questions, then you are likely going well beyond what is necessary or intended. You should contact the course tutor for clarification, as they can usually work through the problem with you quite quickly. Your time is much better spent working on your projects and in studying for the exam, as these have much more impact on your final grade in the course.
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The Real Estate Division uses the TurnItIn.com assignment delivery service, and all projects must be submitted via TurnItIn. Please see "Submitting Written Assignments and Projects" on your course resources webpage for details for your course.
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You do not necessarily need to be alarmed if you do not pass one or more assignments. The passing grade for the courses is 70%. Your course grade is calculated as an average of all work, according to the percentages noted in your course workbook.
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Please contact your Course Representative. Depending on the circumstances, they may remark your assignment with the correct entries.
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The Real Estate Division has a policy of regularly reviewing assignment marking to ensure it is comprehensive, fair, and consistent for all students. We are open to receiving feedback on our markers, positive or negative, since this helps us to know if we are being effective or less-than-effective (and therefore allows us to improve). If you think there is a problem for any specific assignment, we will review the marking if you send the assignment back to us with a letter explaining the problem. However, we will only change the mark if there are obvious mistakes such as marks totalled incorrectly, sections that the marker missed, etc. We absolutely will not change marks in areas which are subjective or matters of opinion. The marker has the benefit of seeing many papers which answer the same question, and is therefore in a much better position to judge the quality of an answer in relation to that provided by other students. For multiple choice questions, please keep in mind that these assignments make up only a small proportion of your final grade, and one or two marks are insignificant in the course as a whole.
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The Real Estate Division appreciates hearing about any errors that students find in the course materials. Through this valuable feedback, we are able to keep our courses as correct and problem-free as possible. You can do a number of things, depending on the nature of the problem:
- if it is a significant problem that affects your understanding of the materials for the assignments or for the exam, please contact the course tutor as soon as possible. We will do what we can to alleviate the problem for you and for the entire class.
- if it is a small problem such as a typo or a simple numerical error, you might want to make a note of it and let us know at the end of the course by a letter or by phone, or in the course evaluation you will receive with your exam results.
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The Real Estate Division tutorial line gets many calls from students who are getting the calculations wrong and believe their calculator is broken. Calculators rarely break down, so before concluding this, please contact the course tutor -- he/she will work through common causes of problems with you (some of which are described below). You may also wish to review the "Introduction to the HP10BII/10BII+ and Review of Mortgage Finance Techniques" which is found under "Online Readings" on your Course Resources webpage.
Why your calculator may be giving you the wrong answers:
- Data entry error: a common mistake is in entering one number incorrectly, or in forgetting a step such as entering 0 in FV or PMT for certain calculations (which means that whatever number is in the key from the previous calculation will remain in the key's memory). You can always check what is stored in any particular key by pressing RCL and then the key. For example, to check what is in the PV key, you can press RCL PV If you get a number that doesn't make sense or is wrong, you can simply change this one number rather than starting again from the beginning. RCL can be used to figure out where a data entry problem occurred.
- BEGIN appears on your calculator screen: if your calculator shows BEGIN on the bottom of the screen, you will get the wrong answers in most financial calculations. Mortgage payments are made in arrears or "not in advance" (i.e., you pay interest at the end of each month), compared to lease payments which are made in advance (i.e., you pay on the 1st of each month for the month ahead). You should set your calculator to "end-of-period" mode by pressing shift (the yellow key) BEG/END. This will remove BEGIN from your screen.
- Decimal places: the HP10BII/10BII+ calculator will display 0 - 10 decimal places. If you have the calculator set to show, say, 2 decimal places, it will automatically round off answers to the nearest cent. You don't want this setting because some calculations require a lot more accuracy and in others you need to be able to decide rounding for yourself. You should put your calculator in "floating decimal" mode which shows the most significant decimals possible -- press shift DISP .{period}
- Batteries: if the batteries are dying, your calculator screen will dim and eventually a little battery symbol will show in the bottom right corner. However, your calculator won't start to give wrong answers as the batteries run out! See your HP10BII/10BII+ owner's manual for instructions on how to replace the batteries.
- Self-test: if none of the above solves the problem, you can test the calculator using its self-test feature. See your HP10BII/10BII+ owner's manual for instructions on running a self-test. If your calculator fails the self-test, before concluding it is defective, try running the self-test several times. It should come up with the same error message consistently - if it does not, then it is unlikely to be malfunctioning.
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If you have a problem with the HP10BII/10BII+ calculator that you purchased from the Real Estate Division AND you are within one year of the date you purchased their calculator from us, please contact tutor@realestate.sauder.ubc.ca. We may replace your calculator if it is faulty, but we will not offer a refund. Our Real Estate Assistants will double check on the phone to confirm if the calculator is indeed faulty or if you have pressed some keys incorrectly, etc. If the calculator is deemed to be faulty, you will be directed by the Real Estate Assistants to send the calculator back to our office. A final check will then be made by the Real Estate Assistants to make sure the calculator is indeed faulty, and if so, we will send you a new calculator. If not, we will return your calculator to you. Should you wish to contact Hewlett-Packard directly, their Customer Service number is 1.800.268.1221.
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The main intent of the multiple choice assignments is to ensure that students are reviewing the course materials in-depth and are maintaining a good pace towards completing the course. They are marked so that students can have feedback on their level of understanding and sometimes to help students think about the materials in new ways. If you are doing well on the assignments, it is a good sign that you are understanding the topics – if you keep up this level of studying, you should do fine on the rest of the course. In most Real Estate Division courses the final examination is the main test of your competence and mastery of the course material. One of main reasons for this is a security issue. Because the Real Estate Division's courses are offered by distance, there is a concern that the person writing the assignments may not be the person who registered. At the exam, we check this by asking for picture identification. These courses qualify students for licensing and accreditation, and it is crucial for us to be able to assure these professional organizations that all of our graduates really do have this education.
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Projects are intended to be a challenging and creative application of course concepts. They generally go beyond the course materials requiring students to do outside research and critical analysis, in many cases applying concepts to a practical setting. Although it requires more effort, simulating what real estate practitioners do in practice is a much more effective learning exercise than just reading about it. You will not be expected to get everything right the first time, but you will learn more than just reading about the subject. Hopefully, you can achieve a rewarding balance by both reading and doing. The overarching intent of these projects is to help develop research skills, writing skills, and critical thinking. These projects have been built into our courses largely in response to student feedback. In past Real Estate Division courses, the exam counted for 85-100% of the course grade, meaning that a term’s work was decided in a single three hour exam. The projects have been implemented to take some weight off of the final exam, allowing students to demonstrate their competencies in other ways. We hope that this varied work will give students more options and more input into their own success, effectively allowing students more control over their educational destiny.
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First, contact your tutor, and they can guide you in your information gathering. You may wish to establish a relationship with a knowledgeable industry practitioner. Such relationships may lend valuable assistance in completing the project (and may also lead to future networking benefits in your career!). These professionals have typically gone through an educational program like this, and are usually happy to help out those aspiring to join the profession. However, these are busy people, so organize your questions in advance and don’t waste their time. Another source of helpful information may be professional organizations in the area, such as the Real Estate Institute of Canada or the Appraisal Institute of Canada.
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This course is marked according to university guidelines. It is not a “competency-based” course where satisfactory completion of assigned tasks automatically results in a 100% grade. UBC guidelines describe the letter grades and percentages for student performance. A paper that is of good quality, meets expectations, but is not exceptional relative to peers might receive an A- or 80%. There is nothing wrong with the paper in particular, which is why it got an A-, but it is not work that is distinguished. Only a paper that is exceptional would receive an A+, or a grade of 90% or higher. A paper that is flawed minimally would receive a grade less than 80%, and significantly flawed a grade lower than 70%. Further explanation can be found in the following resources:
- The Real Estate Division Student Handbook explains grading policies.
- The UBC Department of Educational Studies provides an explanation of what different letter grades mean: Order of Marking Standards (doc)
- The University of Toronto's Rotman School of Management provides similar guidelines which may help explain grading policies.
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No. Assignments and projects cannot be resubmitted for additional marks and there is no appeal of these grades allowable. You only get one chance, so you have to put in a good effort the first time through. One option you do have available to you is to redo and resubmit your project in order to receive additional marker feedback. This costs $20. Note that this will not change your mark though - it is only to receive clarification that you are now on the right track. This can be critical in CPD 899 where the assignments build in complexity and you need a solid foundation before you can move on. As well, in CPD 899 the final assignment/project is equivalent to a final exam -- if a grade of less than 60% is received, you can resubmit for a $175 fee. See your course workbook for details.
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No. Assignment 4 in CPD 899 involves selecting and registering a subject property, so you do not need one before starting the course. This is a critical decision in this course, and you will be given guidance on this decision from the workbook and from your tutor. If you want to begin looking for a property before starting the course, you can view the “Registering a Subject Property” link on your CPD 899 Course Resources webpage.
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Working with the financial formulas in Excel requires some algebra. While the end result is that you can do 90% of the calculations required in the spreadsheet or using a calculator, the course spends a fair amount of time working with the algebraic formulas underlying what the calculator is doing. The hope is that by illustrating how the formulas operate, you will have a better understanding of how the financial analysis works. Math 11 would probably suffice as a pre-requisite, although Math 12 would certainly be of benefit, in terms of being comfortable with algebra.
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The CPD 891 course has a two-hour final examination. The questions include multiple choice, short-answer or "essay-style", some with calculations required, and case studies. Note that an "essay-style" question does not require you to write an essay! In general, a short paragraph will suffice. In most questions, point form answers are perfectly acceptable. Note that the CPD 899 has a takehome final report submission in place of an invigilated written examination
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The passing grade for CPD 891 and 899 is seventy (70). Your overall grade is a combination of your grade on the exam and the grade on your assignments (please see the Foreword in your course workbook for more detail). However, in order to receive a passing grade, you must achieve a minimum of 50% on the CPD 891 final exam.
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The Real Estate Division does not sell or publish its old examinations. The assignment questions in your course workbook are generally a good indication of the types of questions which could be asked on your final exam. In most courses, review and discussion questions are also provided, and these are a good source of practice questions for the exam.
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A list of formulas is provided with the CPD 891 examination. For your reference, this list is also included on the course resources website under “Materials”, “Pre-Reading and Reference”. However, the list of formulas will not necessarily include every formula in the course and you may be expected to know any formula that was given in the course, even if it is not included on the list.
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If you just write down your final answer and it is incorrect, you will receive a grade of zero for that question. If, instead, you write down your intermediate calculations, the marker can assign partial marks for the portions of the questions that you did answer correctly. This does not mean that you should write down every calculator step, as this would be very time consuming. The best procedure is to write down each intermediate step in the calculation; for example, if you are calculating a present value, write down the interest rate (after it has been converted) and the cash flows used. Another advantage of doing this is that if you get a final answer that does not seem reasonable, you may be able to find out where you went wrong without having to re-do the entire question from beginning to end.
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Your exam will be written online. See the Online Exams webpage for more information and a list of specific exam FAQs.
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Anything provided by the Real Estate Division in the course workbook or in any announcements or bulletins can be tested on your final examination. The assignments are a good indication of what the key areas of the lessons are, although material not covered in the assignment may be tested as well.
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Reviewing your assignments is strongly recommended before your exam, since the assignments are a good indication of the types of questions you will be presented with on your exam. However, the assignments do not always test the entire chapter of the course manual and you should be aware that anything presented in the course manual is testable, whether it was in the assignment or not.
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While it is true that some of the questions may take a lot of work to complete, these are balanced by other questions which can be answered very quickly. The final examinations for all Real Estate Division courses are designed to be completed within the set time limit and the vast majority of students do complete it within this time.
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While there is no maximum or minimum number of questions for any particular topic or chapter, the exam questions are generally weighted evenly between the major lesson topics. The examination questions will not be arranged in any formal order.
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Some hints for writing your examination:
- quickly read through or scan the exam from beginning to end;
- first attempt the questions which you find the easiest and leave the ones you find most difficult to the end;
- roughly calculate how much time you have for each question, according to the number of marks it is allotted, and make sure you do not spend too long on one question;
- if you find yourself running out of time, write down what you know in the time you have remaining, so that the marker can at least award partial marks;
- if you have multiple choice questions, do not leave any questions blank. Because no additional marks are deducted for getting a question wrong versus leaving it blank, it is best to make an educated guess when you are unsure of the correct answer. Leave yourself enough time to fill in your multiple choice answer sheet, or better yet, fill in the "bubbles" as you go. You will not be given time at the end of the exam to fill in the answer sheet.
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There is no particular type of calculator required for Real Estate Division courses. The only requirement is that your calculator must be silent, cordless, and hand-held. Note that the answers to all examination questions that require financial calculations have been derived using the Hewlett Packard (HP) 10BII/10BII+ calculator.
Calculators that are both alphanumeric and programmable are not permitted in the examination room. Graphing calculators are strictly prohibited. For more information about our policies on acceptable calculators, please refer to your UBC Real Estate Division Student Handbook. Click here for a list of calculators that are NOT permitted for use on a UBC Real Estate Division Examination. Please be aware that this list is not exhaustive and any other calculators that are alphanumeric and programmable are strictly prohibited on examinations.
You may wish to have spare batteries or a spare calculator with you during your examination.
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No. UBC is an English language institution and all instruction and examinations are in English only. Our policy is that we do not offer exams translated into French or other languages.
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If you fail the examination on the scheduled exam date, you will have another chance to rewrite on a subsequent date within one year. There is a fee to rewrite this exam. Also, note that a passing grade of 70 % is the most that can be awarded on a rewritten CPD 891 exam. If you also fail the second exam, you will have to retake the course. For more information, please refer to the Regulations in the Real Estate Division Student Handbook.
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If you disagree with your exam grade, you may request a "post-examination review". Your examination will be remarked by a second marker and you will receive a letter outlining what topic was tested in each question along with an indication of where you lost marks. There is a fee of $30 for a post-exam review in most courses, but if the remarked exam results in a failed exam receiving a passing grade, you will be refunded this fee.
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Exam anxiety is a fairly common phenomenon that involves feelings of tension or uneasiness that occur before, during, or after an exam. Many people experience feelings of anxiety around exams and find it helpful in some ways, as it can be motivating and create the pressure that is needed to stay focused on studying. However, in some cases, anxiety can become so intense that it leads to disruptive symptoms that ultimately lead to a negative impact on one's performance. In these cases, it is important for students to attend to their symptoms and find a way to cope effectively, so that their schooling does not suffer any further. We recommend that students experiencing tension follow the practical tips included in the Real Estate Division's "Tips for Dealing with Exam Anxiety" document.
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Graduates will receive a frameable Award of Completion certificate and encouraged to use the initials RFPP on their resume and business cards. Students who are pursuing the CRP designation and were admitted by REIC will also receive the UBC RFPP. RFPP courses are non-credit courses and are not eligible for the Diploma, Certificate, or BBRE programs.
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REIC recognizes CPD 891 and 899 as the foundational education towards its CRP designation, but also specifies additional course and experience requirements. See the REIC CRP webpage for more information on the requirements for the designation. You will need to fill out the Candidate Membership Application Form on the REIC CRP webpage
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While only registered UBC Students can view the Course Resources webpages, past students may view their Course History online.
- Visit Student Login
- Enter your 7-digit Real Estate Division student number and your birthdate, click Login
- You will then be presented with a number of links, including Course History.

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