Phase 2-3
More than 100 Alberta real estate and mortgage brokers and broker delegates got together this week at two mediation seminars hosted by the Real Estate Council of Alberta (RECA). Prior presentations in Calgary and Edmonton had highlighted RECA’s new Voluntary Broker Resolution Process (VBRP). Brokers at those seminars expressed an interest in improving their conflict resolution […]
Fee-Schedule_2022-2023-updated-1
Fee-Schedule_2023-2024-1
Fee-Schedule_2024-2025
The Real Estate Council of Alberta (RECA) has licensed the www.reca.xxx domain, but don’t get too excited that it’s changing its operational focus any time soon. Much like some large corporations, including CocaCola and Sony, museums and some institutes of higher learning, RECA has realized that licensing the RECA.xxx domain name will prevent pornographers from […]
Combined Association Feedback Rules Review
Think back to October 2006. The Real Estate Council of Alberta introduced new Real Estate Act Rules, in which, section 43 required industry members to use written service agreements at all times unless waived in writing by a client/customer. In December 2006, Council changed the “must use written service agreements” to “should use written service agreements.” The […]
RECA’s strategic planning survey — sent out to all industry members in February 2011 — showed that industry members had concerns about the perceived proliferation of unlicenced practice in Alberta. RECA takes unlicensed (or unauthorized) activity complaints seriously. A person cannot trade in real estate, deal in mortgages or act as a real estate appraiser without an authorization issued by […]
As the governing body for Alberta’s real estate, and mortgage brokerage licensees, the Real Estate Council of Alberta has the responsibility of ensuring industry professionals are suitable for their chosen profession. When joining the industry – and upon transfer of registration and at renewal each September – all industry professionals must complete an application in […]
2020-2021 Annual Report_-compressed
Q&A Report – May 1 Town Hall
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has new regulatory requirements for the real estate sector coming into force June 1, 2021. The changes relate to verifying identity, how a business relationship is defined, and new record keeping requirements. Details about the new requirements can be found on the following FINTRAC webpages: […]
Is blood really thicker than water? Real estate may be an exception to that rule. A recent court case in British Columbia illustrates why real estate professionals should advise their clients to put all of an agreement’s details in writing, especially things as potentially complicated as a familial arrangement concerning the splitting of a property’s […]
For a buyer, signing an offer to purchase and handing over an initial deposit is often an exciting time. Providing deposit funds can certainly make a deal seem much more real. For real estate professionals, though, it is important to clarify for them just how important the process of holding a deposit in trust is. […]
As much as the Real Estate Council of Alberta is a tremendous supporter of social media and new technology—there is nothing RECA enjoys more than meeting industry professionals IRL (in real life, for those who don’t know Twitter-speak). Two days ago, RECA staff—and a number of Council members—attended the creb® forecast and tradeshow. The creb® […]
Information officers and licensing administrators at the Real Estate Council of Alberta (RECA) receive more than 25,000 calls and emails each year, and September is, without a doubt, the busiest month. Of course, the reason being that all of Alberta’s 15,000+ real estate industry professionals have to be renewed on or before September 30 each […]
Advertising Guidelines
By now, many people in the Calgary area (and likely in other parts of the province) have read or heard news stories about the Calgary real estate associate whose seller clients are offering an incentive of $1,000 worth of beer on possession day if you purchase their home. The Real Estate Council of Alberta (RECA) […]
The dust has started to settle on this year’s annual renewal period and Real Estate Council of Alberta (RECA) staff are now taking the opportunity to look back and tally what was accomplished during the month of September. Some of the numbers might surprise you. As of the start of business on September 26, with […]
Fee Schedule 2020
Fee Schedule_2021-2022
2024 Business Plan
In the world of real estate success, marketing is important, negotiation skills are important, but it’s completely possible that relationship-building skills trump all. While participating in the RECA-hosted Symposium on Self-Regulation a couple of weeks ago, I watched 100+ individuals spending all day in a room together—the business cards changing hands, the LinkedIn contacts being […]
Doug Dixon, RECA Real Estate Practice Advisor, discusses the best ways for industry members to respond to a multiple offer situation in a series of three videos. The first video deals with strategies for responding to mulitple offers in broad terms. The next video gives helpful tips on how to deal with multiple offers from a buyer […]
The first-ever RE BarCamp YEG is on February 26, 2013 at Schanks Sports Grill in Edmonton while the second annual RE BarCamp YYC is on April 17, 2013 at the Wainwright Hotel at Heritage Park in Calgary. For those that don’t know, a RE BarCamp (or “real estate bar camp”) is an “unconference conference.” It’s an ad-hoc gathering of […]
Financial Statements 2020
