Real Estate There will be REP for real estate industry members for the 2009-2010 licensing year. REP will consist of a single course available online through RECA Education and in the classroom through various providers. This course will be available as of October 1, 2009 and must be completed by all real estate industry members before September 30, 2010. Mortgage There will be REP for mortgage industry members for the 2009-2010 licensing year. REP will consist of a single course available online through RECA Education. This course will be available as of October 1, 2009 and must be completed by all mortgage industry members before September 30, 2010. Appraisers The Mortgage Fraud Awareness course is available online through the Alberta Real Estate Association (AREA). Please contact AREA for more information at http://www.abrea.ab.ca. If, as a result of licensing as a real estate or mortgage industry member, you have, in the past, completed the 6-hour Risk Reduction and Mortgage Fraud Awareness or the 3-hour Mortgage Fraud Awareness course, you are not required to complete the Mortgage Fraud Awareness course again. Please check your education record through RECA Online to confirm whether you have completed the education requirement.
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Education CornerMiscommunication of Real Estate Council of Alberta (RECA) policies by other industry associations continues to be a source of frustration for the Council. RECA's Education Policy is clarified in this article. LEgal cornerJudge finds that silence by a seller – that is, knowledge of a defect but failure to disclose that knowledge – may constitute concealment when there is a contractual obligation to disclose. Review Understanding Designated Agency and Transaction Brokerage course materials for free!Industry members who have completed the Understanding Designated Agency and Transaction Brokerage course have the option of reviewing course materials – online – for free. Council Member OpportunityRECA is currently seeking a new industry member council member to represent those industry members who do not belong to the Alberta Real Estate Association. CONTACT RECAThe Regulator is published by the Real Estate Council of Alberta. Please forward any questions regarding the content of the Regulator, or any questions regarding licensing or mandatory education, to info@reca.ca. Please forward your comments and suggestions for our next issue of the Regulator, and any broken links, to communications@reca.ca. |
REAL ESTATE COUNCIL 4954 Richard Road SW, Suite 350 Calgary, AB T3E 6L1 |
Phone (403) 228-2954 |
Executive Director Director of Audit and Investigations |
Director of Corporate Services Director of Industry Standards |