Section 12 of the Real Estate Act, confirms the Real Estate Council of Alberta (the “Council”) has the authority to make rules prescribing or adopting standards of conduct
and business standards for industry members;
Council passed the following motion on May 23, 2007:
Effective March 1, 2008, in order for a real estate brokerage to practice designated
agency, all industry members registered with the brokerage must have the required
education; however, the Executive Director may grant an exemption from this
requirement based on extenuating circumstances, e.g. illness, extended vacation, etc. or
to facilitate the transfer of an industry member from a non-designated agency brokerage.
Dated at Calgary this 1 day of March 2008.