At its meeting on May 5, 2010 Council passed a resolution to amend the Real Estate Act Rules as follows:
Section 1(1)(n.1) – insert “assist the buyer and the seller in negotiating a mutually acceptable agreement” as (i) and renumber the remaining subsections
Section 66 – delete (c) (iii)
Section 83 – delete “and the original cheque is available on request”
Section 86 – add “or customer” after “client”
Section 87 – add “or customer’s” after “client’s”
Section 96 – should read “subject to section 97”
Section 97 (c) – replace “general account” with “brokerage account”
Section 109 – replace “real estate management agreement” with “mortgage brokerage service agreement”.
Dated at Calgary this 5 day of May 2010
