News Bytes – February 9, 2021

RECA’s 2019–2020 Annual Report

RECA’s Annual Report and audited Financial Statements for the 2019–2020 fiscal year are now available on reca.ca.

RECA’s Annual Report provides a review of the 2019–2020 fiscal year, including: committee work, the Real Estate Assurance Fund, professional conduct review, as well as annual statistics on authorizations, education, complaints, and investigations.

If you have any questions about the 2019–2020 Annual Report or financial statements, please email communications@reca.ca.

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Real Estate Competency Survey Coming Soon!

The Real Estate Regulators of Canada (RERC) is currently developing core competencies for real estate associates and real estate brokers to set the competency requirements for all member jurisdictions in Canada. This project, applicable to residential and commercial licensees, will allow for easier licence mobility across the country, and protect Canadian consumers by ensuring all real estate licensees are competent.

RECA is a member of RERC and in the near future we will send a survey to all Alberta real estate licensees seeking feedback on the draft competencies. The other Canadian jurisdictions will send the same survey to their licensees at the same time.

It is important that all real estate licensees consider these competencies and provide informed feedback, as they will set the minimum standards for your industry moving forward.

Look for the survey and the accompanying information in your inbox and on reca.ca in the near future.