On December 1, 2020, the Real Estate Amendment Act 2020 came into force, creating a new governance model for RECA, including a Board of Directors and four industry-specific Industry Councils.
There are four Industry Councils, one for each of the specific sectors within the industry. These are:
Each Industry Council is comprised of two members of the public appointed by the Minister of Service Alberta, and three licensees from that particular sector, elected by other licensees from that sector. The purpose of each Industry Council is to set and enforce standards of conduct for licensees and the business of licensees in order to protect consumers and promote the integrity of the industry, and to administer the Real Estate Act, the Regulations, the Bylaws, and the Rules. Each Industry Council may establish rules setting out the conditions for a person to become and remain a licensee of their particular industry sector, including the minimum standards for conduct and education requirements.
Industry Council members are appointed for 3-year terms, and can serve 2 terms consecutively. Section 7.1 of the Real Estate Act outlines the composition of the Industry Councils.
Informing RECA’s Strategic Direction
The feedback the Industry Council receives from residential stakeholders will inform the strategic planning process the Board of Directors will undertake later in 2021, resulting in a comprehensive and informed Strategic Plan for the coming years. If you want the residential trends and issues you see in your day-to-day business to be considered in our strategic planning process, we need to hear from you.
To directly provide your thoughts on RECA’s future strategic direction, go to our Strategic Planning page and let us know what you think! Make sure to enter your thoughts in the Residential Real Estate Broker Industry Council field.
COMPLETE – Online Engagement Session – April 26, 2021 – 9 a.m. MT
The Residential Real Estate Broker Industry Council held an online engagement session on April 26, 2021. This session was hosted by the Industry Council Chair through Zoom.
Industry Council Email
An email address has been created for stakeholders to contact the Residential Real Estate Broker Industry Council. By sending emails to ResIC@reca.ab.ca, stakeholders can reach out to the Industry Council directly, and outside of specific consultations or other formal engagement opportunities.
Industry Council Webpage
Bookmark the Residential Real Estate Broker Industry Council webpage at reca.ca/residentialic. Through this page stakeholders can access all Industry Council meeting agendas and minutes, a list of Industry Council Members, a list of Industry Council engagement opportunities, a list of past engagement activities, and any articles, consultations, or other communications from the Industry Council. The page will be updated regularly.
Consultations and Focus Groups
The Industry Council may direct RECA to consult on certain topics prior to making decisions. Stakeholders will be notified of all consultation opportunities through direct email, the Regulator newsletter, social media, and the RECA website.
The Residential Real Estate Broker Industry Council will also host a Broker Forum and other informal groups to discuss the latest regulatory issues they are seeing day-to-day. If you have interest in attending these formal meetings with RECA, please email ResIC@reca.ab.ca.
Stakeholder Engagement Policy
Stakeholder engagement is a clear priority for RECA. At its March 5 meeting, the Board of Directors approved a Stakeholder Engagement Policy that sets the framework for why, how, and with whom the Board, the Industry Councils, and RECA Administration engages.
Engagement will be timely, consistent, equal, meaningful, and transparent. This policy is to ensure you have the opportunity to have your voice heard by the Board and Industry Councils, and directly participate in the regulation of your industry.
Bill Briggs (Board Member)
Elected by residential real estate licensees
Brad Hamdon
Appointed by the Minister of Service Alberta from the public
Brad Kopp (Vice Chair)
Elected by residential real estate licensees
Erika Ringseis
Appointed by the Minister of Service Alberta from the public
Sano Stante (Chair)
Elected by residential real estate licensees
