The Regulator newsletter is a quarterly publication for licensees, industry associations, the Government of Alberta, and all other interested stakeholders.
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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 could lead to significant financial…
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 primary purpose as farming. Rural…
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 Rate: As stipulated by the…
Did you know that RECA has a Stakeholder Engagement Team? RECA has many stakeholders, including Industry Associations, government, consumers, and other partners and regulators – but one of our most…
Interprovincial Licensing Did you know that throughout Canada, each province sets its own rules and guidelines when it comes to real estate regulation? This means all real estate and mortgage professionals…
by Doug Dixon, RECA Regulatory Compliance Advisor, Condominium Managers For condominium managers, effective communication with the condominium board and the owners is arguably one of your most important roles. You…
RECA recently warned consumers who are private lenders about recent fraudulent activity. RECA is currently investigating instances where private entities and related businesses have presented fraudulent and/or altered documents to…
by Gary Siegle, RECA Regulatory Compliance Advisor, Mortgage Brokers To protect consumers and lessen instances of fraud, the mortgage industry is regulated in Canada, with both provincial and federal laws…
