Current Re-licensing Education Program

Real Estate
The 2007-2008 Re-licensing Education Program (REP) for real estate industry members includes Agency Fundamentals and Understanding Designated Agency and Transaction Brokerage, both of which must be completed prior to September 30, 2008. For more information on these courses, visit the REP section of www.reca.ca, here.

Both courses in the 2008 REP for real estate industry members are available online. Agency Fundamentals is offered through the education section on the Alberta Real Estate Association website and Understanding Designated Agency and Transaction Brokerage is offered through the RECA Education Portal at www.reca.ca. Both are also offered in classroom settings.

Understanding Designated Agency and Transaction Brokerage online course was launched on July 30, 2008. Several hundred industry members have already completed it online and the feedback has been overwhelmingly positive.

You must have completed Agency Fundamentals before you can register for Understanding Designated Agency and Transaction Brokerage. Industry members must have completed both courses by September 30, 2008 in order to be eligible for renewal of their 2008-2009 license.

To register for Understanding Designated Agency and Transaction Brokerage online, first contact your broker to obtain your RECA ID (RW number). Using this number and your date of birth, you can login and register for the course in the RECA Education Portal.

There will be no REP for real estate industry members in the 2008-2009 licensing year.

Appraisers
The REP for real estate appraisal industry members includes Mortgage Fraud Awareness, which must be successfully completed by September 30, 2009.

Mortgage Brokers

RECA is currently developing a REP course that will focus on the regulatory aspects in the Rules focusing on the most recent changes to the Rules. This course will be offered in the Spring of 2009, and will comprise the REP for mortgage industry members, to be completed by September 30, 2010.

 

Percentage of the industry with the mandatory course

The following statistics are current as of Friday, September 5, 2008 regarding Re-Licensing Education Program completion within the industry:

Real Estate

Percentage of real estate industry members who have completed Agency Fundamentals: 86%
Percentage who have not completed Agency Fundamentals: 14%

Percentage of real estate industry members who have completed Understanding Designated Agency and Transaction Brokerage:: 66%
Percentage who have not completed Understanding Designated Agency and Transaction Brokerage: 34%

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