The purposes of the Real Estate Foundation are set out under the Real Estate Act. They are:

"to undertake and carry out real estate public and professional education, real estate law reform, real estate research, and other real estate related good works"

The fulfillment of these purposes is subject to guidelines established by the Foundation Governors.

In March 2004 the Real Estate Foundation Board of Governors revised the mission statement to better reflect the Foundation's goals and activities. The Governors also approved new strategies for the Foundation to achieve its legislated mandate and mission.

Mission
The Real Estate Foundation's mission is to support sustainable real estate and land use practices for the benefit of British Columbians.

Strategies

1. Real Estate Industry Funding Agreements
   The Foundation supports education, research, and law and policy reform activities of the British Columbia Real Estate Association, the Real Estate Council of British Columbia, and the Real Estate Institute of British Columbia.
2. Planning for Community Transition in Non-Metropolitan Regions: A Partnership Initiative
   The Foundation has a "signature program" that targets agencies and practitioners which play a role in shaping the land use future of local communities experiencing or planning for change.
3. Responsive Grants
   The Foundation will support non-profit initiatives that aim to fulfill its legislated mandate and mission, and which meet certain effectiveness criteria. Responsive grants include the Public & Professional Education Events Program (EEP), under which the Foundation will consider grant applications for education events--including workshops, seminars, conferences, symposia, charrettes, etc.--related to real estate and land use issues and practices.

The Foundation also offers, in partnership with Vancity Credit Union, the Green Building Grant Program.