WHEREAS 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 may from time to time amend the Rules that prescribe or adopt such standards.
THEREFORE BE IT RESOLVED THAT:
1. Section 43, subsection (1) will be replaced with the following wording:
43(1) Subject to these rules, an industry member who establishes a client relationship should enter into a written service agreement with that prospective client, unless declined by the prospective client.
2. Section 43, subsection (2) is deleted.
3. Section 43, subsections (3) and (4) are renumbered (2) and (3) accordingly.
DATED at Calgary, Alberta, this 20th day of December 2006.