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As part of the Real Estate Council of Alberta’s (RECA) mandate to protect consumers and uphold industry standards, we are advising Albertans and the real...
RECA has received questions regarding clarification on the delivery of documents interrupted by the Canada Post strike. While we do not have any specific rules...
RECA’s modernized governance model consists of a Board of Directors and four Industry Councils representing each industry RECA regulates. This general summary includes the key...
FINTRAC has now updated its guidance following regulatory amendments that came into force on October 11, 2024. We want to ensure all RECA mortgage licensees...
When a condominium management service agreement ends, it's crucial for the outgoing management to cooperate with the new management team. This ensures a smooth transition...
Alberta’s competitive real estate market has recently seen some consumers relying on pre-approvals to make offers without a financing condition. While this strategy can strengthen...
Bridge loans are a financial tool used in real estate transactions which offer short-term financing to bridge the gap between purchasing a new property and...
Alberta’s regulated real estate industries have experienced unprecedented growth over the last few years. This growth is due to an unforeseen increase of new licensees...
In our July blog post and Regulator newsletter, we discussed the new FINTRAC obligations that would come into force this October. That time has come...
Calgary, Alberta—on June 18, 2024, the Real Estate Council of Alberta (RECA) suspended the real estate associate licence of Eric Andrew Drinkwater under s.53 of...
The Real Estate Council of Alberta (RECA) is again warning property management brokerages about a fraudulent email that has been circulating to tenants. RECA originally warned about...
In November 2023, this summary was published to give RECA mortgage licensees a heads up that new federal legislation would soon apply to the mortgage...
As most licensees should be aware, radon is a colourless, odourless, and tasteless radioactive gas that naturally occurs from the decay of uranium in soil...
RECA’s Regulatory Compliance Advisors (RCAs) are here to answer questions to ensure you are practicing within the Rules. Here’s what we’re hearing lately. TRADING OUTSIDE...
RECA investigates conduct which allegedly violates the Real Estate Act (the Act), and its Rules. Our licensees’ co-operation is critical to conducting effective investigations and...
Do you have a personal corporation that your commissions are paid into? If you do, you should be aware of Section 50(a) of the Real...
Cyber fraud is a serious and growing threat, and the real estate industry is not immune. Cyber criminals use sophisticated techniques to hack into email...
RECA’s modernized governance model consists of a Board of Directors and four Industry Councils representing each industry RECA regulates. This general summary includes the key...
As part of our ongoing commitment to strong financial stewardship and effective regulation, RECA will issue a fee credit of $250 this renewal period for...
As part of the Real Estate Council of Alberta (RECA) mandate to protect consumers and uphold industry standards, we are advising the public that Frank...
Calgary, Alberta—January 23, 2024, the Real Estate Council of Alberta (RECA) is warning condominium corporations about the unlicensed activity of Travis Peter John More and...
Navigating a condominium purchase involves some different considerations compared to the purchase of a single-family home. Among other things, you need to consider your condominium...
In a competitive market, you may feel you need to tailor your offer to appeal to the seller. In a multiple-offer situation, you might even consider...
Calgary, Alberta— The Real Estate Council of Alberta (RECA) now offers five comprehensive translated versions of its Home Buyer’s Guide and Home Seller’s Guide. RECA...
Information can be power, but with great power comes great responsibility, especially when it comes to handling confidential information. This article is a reminder of...
As RECA’s RCAs, we get a lot of questions. Here are some of the most common questions we received this quarter, answered. Q: What activities are...
RECA’s modernized governance model consists of a Board of Directors and four Industry Councils representing each industry RECA regulates. In November 2023, new Council Members were...
Mortgage fraud occurs when individuals intentionally deceive lenders, borrowers, sellers, and others to obtain mortgage financing. It undermines the integrity of the mortgage industry and...
The Real Estate Act Rules define “rural real estate” as real estate located outside a city, town, village, hamlet, or summer village that has its...
Effective January 1, 2024, landlords are now required, under the Alberta Residential Tenancies Act, to pay tenants 1.6% interest on security deposits. Key Considerations Interest...
