Section 12(n) of the Real Estate Act, confirms the Real Estate Council of Alberta has the authority to make rules respecting the keeping and operation of trust accounts by industry members.
Council passed a motion on October 23, 2013 amending the requirements who must complete an Accountant’s Report on behalf of a brokerage.
THEREFORE BE IT RESOLVED THAT:
The Real Estate Act Rules be amended as follows:
By amending section 91(2) to read:
91(2) The Accountant’s Report must be completed by a chartered professional accountant.