The Real Estate Council of Alberta is composed of 12 Council members,representing residential and commercial real estate, property management, mortgage brokers, real estate appraisers, and the public. Council members adhere to a Code of Conduct. Their responsibilities include determining, setting and enforcing standards of conduct and business practices for industry professionals, providing services that enhance and improve the industry, and administering the Real Estate Act, Bylaws, and Rules. An administrative staff, led by the executive director, assists council in fulfilling its duties.
As an organization, RECA is committed to transparency, open communication, and consultation with the industry and public. It provides consumers with neutral information, objective guidance, and a vehicle to lodge complaints that may arise as a result of services received from licensed industry professionals. The Real Estate Assurance Fund provides compensation to consumers who have suffered a financial loss as a result of the fraud or breach of trust of a licensed real estate broker or mortgage broker.