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The Real Estate Council of Alberta (RECA) is the governing body for Alberta’s real estate brokerage, mortgage brokerage, property management, and condominium management licensees. Learn more about RECA and its role in consumer protection.
- Our Team
Being a Responsible Borrower; Working with a Mortgage...
- Self Regulation
The real estate, mortgage brokerage, property management,...
- For Licensees
RECA is the authority behind the residential real estate,...
- For Consumers
The Real Estate Council of Alberta is committed to consumer...
- News Releases
Calgary, Alberta—on June 18, 2024, the Real Estate Council...
- How RECA Operates
The Real Estate Council of Alberta (RECA) recognizes that...
- Real Estate Act Bylaws
Being a Responsible Borrower; Working with a Mortgage...
- Real Estate Act Rules
Real Estate Broker, Associate Broker and Associate Licence:...
- Our Team
Real Estate Broker, Associate Broker and Associate Licence: 6(1) A real estate broker licence issued by the relevant Industry Council under these Rules when registered with a brokerage constitutes the licence required under the Act for a real estate broker to operate a real estate brokerage and trade in real estate on behalf of a brokerage. 6(2)
The traditional, and most common, business model of real estate brokerages in Alberta is the common law brokerage. In a common law brokerage, when a consumer enters into a seller or buyer brokerage agreement, the agency relationship that is created is between the consumer (seller or buyer) and the brokerage (company).
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The Alberta Real Estate Association (AREA)is the provincial, professional organization that represents the interests of more than 10,000 REALTORS®across the province. They provide strategic leadership and advance the Alberta real estate profession through member-centric advocacy, professional development and provincial services. AREA also provides ...
The Alberta Real Estate Foundation (AREF)was established in 1991 to enhance the real estate industry and benefit the people of Alberta. Created under the Real Estate Act after years of discussion between industry leaders and officials in the provincial government, the Foundation started making an impact right away by funding initiatives to help edu...
The Canadian Real Estate Association (CREA)is one of Canada’s largest single-industry trade Associations. They represent the interests of its members to the federal government and its agencies on existing or proposed legislation that will affect those members, and/or impact home ownership. CREA owns the trademarks for REALTOR® and MLS® System, and ...
The Real Estate Council of Alberta (RECA)is the independent governing authority that sets, regulates and enforces standards for real estate brokerage, mortgage brokerage, property management and real estate appraisal professionals in Alberta. RECA’s works to protect consumers and provide services which enhances the real estate industry and the busi...
The Real Estate Insurance Exchange (REIX) is dedicated to providing financial protection to its subscribers by administering a cost effective mandatory program of Errors and Omissions Insurance. The REIX premium is included in the relicensing fees through the Real Estate Council of Alberta (RECA).
1. Licensing: Real estate professionals in Alberta must be licensed by the Real Estate Council of Alberta (RECA). This ensures that they meet specific educational and ethical standards. 2. Regulatory Body: RECA is responsible for regulating and overseeing the conduct of real estate professionals, enforcing rules, and addressing complaints from ...
Jan 24, 2024 · Provincial Practice Advisor. Bryan has many years of experience in the real estate industry including over 10 years as a former broker in the Edmonton Region. Email: bryan.statt@albertarealtor.ca. Phone: 403-209-3619. What rules do REALTORS® need to follow in Alberta?
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Mission. RECA creates consumer trust and confidence in the real estate industry by: setting and enforcing standards of conduct and professional development requirements for the industry to protect the consumer. providing services that enhance and improve the industry. promoting the integrity of the industry. protecting against, investigating ...
