On, October 30, 2019, the Real Estate Amendment Act 2019 went into effect, dismissing Council and giving the Minister of Service Alberta the ability to appoint an Administrator to manage the affairs of RECA.
Duane Monea was appointed as RECA Administrator—effective November 8, 2019—and now manages the affairs of RECA in place of a Council.
As per the Real Estate Amendment Act, the Administrator will have a one-year term, subject to renewal, and will steady the governance of RECA while Service Alberta consults with stakeholders on further changes to the Real Estate Act. These changes will focus on the appointment and governance structure of RECA, with the goal of appointing a new Council to take over from the Administrator.
RECA continues to perform its core regulatory functions, including licensing, education, investigations, and practice reviews.
Section 12 of the Real Estate Act Bylaws allows Council to establish standing, advisory, and ad hoc committees. Council determines the committee’s mandate, composition and reporting requirements, and any recommendation or decision of a committee must be ratified by Council prior to being acted on.
The Council chair appoints all committee members, including the committee chair, except the Audit and Finance Committee, to which Council as a whole makes appointments. The terms of reference of a committee may also provide for external organizations to make appointments. Current committees that allow external appointments include the residential real estate, mortgage brokerage, property management and real estate appraisal advisory committees.
The Council chair and the executive director are ex-officio members of all committees, and are non-voting members of each, unless the committee terms of reference specify otherwise.
As with Council itself, committee members are bound by a Code of Conduct.
An individual appointed to serve on a committee established by the Real Estate Council of Alberta, is asked to:
This code cannot, and is not intended to, address all situations. In some circumstances committee members will need to rely on their own judgment and consultation with the committee chair to determine an appropriate course of action.
The primary purpose of this committee is to provide a direct line to consumers and to maintain cooperation, communication and an exchange of information between RECA and the public of Alberta.
Council committees are in place to address issues and make recommendations to council on its responsibilities under the Real Estate Act. There are currently three standing committees of council and one ad hoc committee:
The Real Estate Council of Alberta has established five industry sector advisory committees. The primary purpose of these committees is to provide a direct line to industry members and to maintain cooperation, communication and an exchange of information between RECA and the industry sector.