Commercial Real Estate Broker and Commercial Property Manager Industry Council Update
| February 24, 2022
Summary of activities since November 2021 from Terry Engen, Chair
As I’m writing this, we’re almost halfway through RECA’s fiscal year. In the time since my November update, the Commercial Real Estate Broker and Commercial Property Manager Industry Council has continued to advance work on education divestment, strategic planning, and stakeholder engagement.
After considering all feedback, and making the necessary amendments, the Industry Council approved the licensing competencies for commercial real estate associate, rural real estate associate, property management associate, and real estate broker licensees. These competencies will be used by third-party course providers when they develop the courses to train competent, professional commercial and agri-business licensees.
Thank you to everyone who took the time to review the proposed competencies and provide thoughtful, professional feedback. With all of the licence competencies approved, RECA is set to be divested of education by June 1, 2022—six months ahead of the deadline set out in the Real Estate Amendment Act, 2020.
The Industry Council appreciates all the commercial and agri-business licensees who provided feedback by filling out the form on reca.ca, at the broker forums, or by emailing any of the Industry Councils or RECA’s Board of Directors.
I, and other members of the Industry Council, will ensure that your input and specific industry needs are taken into account by RECA’s Board when creating the upcoming strategic plan for RECA.
The robust discussions at the broker forums were particularly engaging. It was great to see how seriously commercial brokers take their work, and how interested they are in supporting RECA in its consumer protection mandate, and in creating the sort of regulated business environment for them to thrive. I look forward to hearing more at future forums and other engagements.
We encourage all licensees—and other stakeholders—to continue providing your suggestions, feedback, and questions. As we did last year, the Industry Council will be holding an online stakeholder engagement session this spring. Watch your email for more information on this, and other, sessions.
If you have any questions or feedback you’d like to provide in the meantime, please email commIC@reca.ab.ca.