The Real Estate Council of Alberta is the independent governing authority that sets, regulates and enforces standards for residential real estate, commercial real estate, property management, condominium management, and mortgage brokerage professionals in Alberta.
Or to put it simpler: RECA licenses real estate agents, mortgage brokers, property managers, and condominium managers in the interest of protecting the public of Alberta.
RECA vs. Trade Associations
RECA administers the Real Estate Act on behalf of the provincial government. RECA’s mandate is to protect consumers, to provide services to facilitate the business of licensees, and to protect against, investigate, detect, and suppress fraud as it relates to the business of licensees. All real estate, mortgage, property management, and condominium management professionals MUST hold a licence with RECA.
Trade associations in Alberta, including the Alberta Real Estate Association (AREA), Calgary Real Estate Board (CREB), Realtors Association of Edmonton (RAE), and the Alberta Mortgage Brokers Associations (AMBA), are voluntary private membership organizations. Their mandate is to provide services and advocacy for their members.
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