Industry Members Must renew by sept. 30, 2008

The deadline of September 30, 2008 to renew your registration with the Real Estate Council of Alberta is fast-approaching - are you ready? Click the appropriate link below to find out more.

Real Estate and Mortgage Industry Members - CLICK HERE

Real Estate Appraisal Industry Members - CLICK HERE

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message from council

PAT RUDIGER, chair

The August meeting of Council was a culmination of a number of initiatives and a new beginning for others.

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Real Estate Amendment act proclaimed into law

On July 28, 2008 the Real Estate Amendment Act was proclaimed by the Alberta Government. The Act made changes to the Real Estate Act and the Real Estate Act Regulations. The changes should not affect the day-to-day business of the industry. The changes allow RECA to perform its mandate more effectively and efficiently.

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Questions and answers

Transaction Brokerage

Designated Agency became optional on March 1, 2008, and Transaction Brokerage replaces Dual Agency with Limitations on October 1, 2008. In this and future Regulators frequently asked questions on the two concepts will be answered.

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Syndicated Mortgage Update

After lengthy consultation with industry stakeholders, Council has recommended that further research and consultation is required before deciding on the direction the regulation of this complex issue will take.

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Getting to know RECA:

Complaint Analysis

Do you know how the complaint process works? Click here to learn about Complaint Analysis at RECA.

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case summaries

Case summaries are published in accordance with section 55 of the Real Estate Act. Decisions are publicized to enhance the transparency of RECA’s disciplinary process and to assure consumers there is an effective framework in place to deal with breaches of the Real Estate Act.

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