News Bytes – May 2020 Image

News Bytes – May 2020


Alberta Insurance Council mortgage creditor insurance licence deadline

If your mortgage brokerage distributes mortgage creditor insurance, a restricted licence from the Alberta Insurance Council is required.

If you already have a licence, it will expire on June 30, 2020 and must be renewed prior to that date if you wish to continue.

The Alberta Insurance Council emails renewal notifications to all license holders through the brokerage Designated Individual (DI) in early May. If you are not sure if you currently hold a licence or need to update your DI, search your business name at Alberta Insurance Council. Questions can be emailed to:

All New Real Estate Career Information Session

RECA Education has launched a new Real Estate Career Information Session. The new session uses emerging technologies and was developed using current eLearning principles to be more engaging and increase information retention.

The information session is a free online course that anyone can take before considering a career in real estate or property management. The session outlines what it is like to work as a professional in the industry and will help people decide if enrolling in RECA Education is the right decision for them.

RECA wins Hermes Creative Award

RECA Education’s course Real Estate Career Information Session has won the Platinum Hermes Creative Award 2020, in the category: Electronic Media/Social Media/Interactive Media/Mobile & Web Technology.

Hermes Creative Awards is one of the oldest and largest creative competitions in the World. Winners range in size from individuals, to media conglomerates, and Fortune 500 companies.

Updated Real Estate Brokerage Policies and Procedures Manual Template

RECA has updated the Real Estate Brokerage Policies and Procedures Manual template.

The template now includes a checklist for developing a brokerage cybersecurity program to help keep brokerage and client digital information and systems safe.

The updated MS Word template is available for download from, on the Guides and Checklists page under Tools and Resources.

Fraud Prevention Month Wrap Up

March was Fraud Prevention Month in Canada. RECA teamed up with organizations across Alberta to help inform the public and create awareness about how to protect themselves from fraud.

RECA co-hosted the Fraud Prevention Month Calgary kick-off event at the Central Library in Calgary along with the Calgary Police Service, and the Better Business Bureau. The event included multiple speaker series that covered fraud and scams. The sessions received a lot of positive feedback from attendees.

RECA also attended the Edmonton Fraud launch event.

We also provided industry professionals with information so they could report anything to the proper authorities if they spot fraud related to trades, deals, and appraisals.

Tradeshow season: it’s a wrap!

RECA’s official tradeshow season has wrapped up early. Before the season was cut short due to COVID-19, RECA was able to attend this year’s CREB® Forecast and the Home and Garden show in Calgary.

Attendance at tradeshows is part of RECA’s consumer and industry outreach campaigns. Events like these help to ensure RECA engages directly with all stakeholders, including consumers and industry.

A big thank you to everyone who dropped by our booths!

Alberta School of Business Team wins 2020 Battle of the Prairies Real Estate Development Challenge

Mark Bowman, Branden Bilodeau, and Gavin Knechtel presented their winning Request for Proposal response to adjudicators in Calgary on March 12. The winning teammates are BComm students in the Real Estate Program at the Alberta School of Business.

Their proposal focused on a parcel of land near the soon-to-be-expanded BMO Convention Centre in Calgary. The team proposed a 278,400 square foot multipurpose building, which would include 300 multi-family rental property units as well as ground floor retail space.

This was the 6th Annual Battle of Alberta (now called the Battle of the Prairies). The Battle of the Prairies is a real estate development case competition sponsored by NAIOP Edmonton and NAIOP Calgary. This type of NAIOP Competition occurs in many centers around North America.