RECA welcomes a review by the Minister of Service Alberta

November 28, 2018

The Real Estate Council of Alberta (RECA) is committed to openness and transparency.

The Minister of Service Alberta, the Honourable Brian Malkinson, has advised RECA that a review of RECA under section 76 of the Real Estate Act will be undertaken.The review will examine both governance and operations. The Minister will appoint a reviewer to conduct the review shortly.

RECA’s work is vital to ensuring a fair marketplace for consumers in Alberta and maintaining Albertans’ confidence in the real estate industry. The review will ensure RECA is a well-governed and trusted organization, and an effective regulator of the real estate industry.

RECA is committed to continuous improvement, and looks forward to this review. During the review, RECA will continue its commitment to consumer protection and effective regulation in the public interest.

RECA believes self-regulation is a privilege. This means self-regulation must withstand the scrutiny of the public, the industry, the government, and all stakeholders.

Read section 5 of the Real Estate Act in its entirety

Read section 76 of the Real Estate Act in its entirety

Read about what RECA does

Read about how the industry operates

Read about Council

Read about Self-Regulation

 

For more information:
Bryan Douey, Communications and Connections Manager
Real Estate Council of Alberta
403-228-2954
communications@reca.ca



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