The Real Estate Council of Alberta is the independent governing authority that sets, regulates, and enforces standards for real estate brokerage, mortgage brokerage, property management, and real estate appraisal professionals in Alberta.
To put it simpler: RECA licenses and regulates real estate agents, mortgage brokers, property managers, and real estate appraisers to enhance consumer protection.
Licensed professionals have to meet certain criteria and RECA’s standards to enter the industry. They’re required to comply with RECA’s rules for doing business along with competently assisting the public of Alberta in buying, selling, or appraising a property, obtaining a mortgage, or managing a rental property.
RECA also helps licensed professionals enhance their business through education, information resources and practice tips, and consumer-friendly information their clients and customers.
RECA’s mandate is to protect consumers and to provide services that enhance and improve the real estate industry and the business of industry professionals.
RECA creates consumer trust and confidence in the real estate industry by:
By 2020, the Real Estate Council of Alberta will: