The Real Estate Foundation is directed by a Board of Governors consisting of five appointed members. The British Columbia Real Estate Association, the Real Estate Council of British Columbia, and the Real Estate Institute of British Columbia each appoint one member. The Minister of Finance appoints two members.

As of April 1, 2009 the Foundation Governors are:

• Stephen Mullock (Chair)
• Cheryl Kathler (Vice-Chair)
• J.T. (Jack) Hall
• Barry Brown-John
• Eileen Smith

A small staff carries out the day-to-day running of the Foundation.

• Karin Kirkpatrick, Executive Director
• Tim Pringle, Director of Special Programs
• Celina Owen, Manager of Communications & Administration
• Hedy Rubin, Grants & Administration Officer
• Jen McCaffrey, Grants Officer (on leave)
• Leta Smith, Administrative Assistant