Advisory Notice regarding Private Pre-Auction Real Estate Events in Medicine Hat, Lethbridge & Calgary
Calgary, Alberta – In light of the recent advertisements regarding Pre-Auction Real Estate Events, the Real Estate Council of Alberta (RECA) is sending this notice of advisory. RECA would like to remind consumers that if things sound too good to be true, they likely are.
Some examples of these claims are:
- buy property for pennies on the dollar
- cherry pick the best properties before the public has access
- purchase at rock-bottom prices
The Real Estate Council of Alberta urges the public to ask for independent real estate advice from a licensed industry member, hire a qualified real estate appraiser and seek advice from your lawyer before making any real estate purchases. RECA encourages consumers to log onto the RECA website, www.reca.ca, and perform a Licence Search. This search provides the current licence status of all industry members. https://www.reca.ca/online/aspx/pubinquiry.aspx
In the province of Alberta a person trading in real estate must have a valid licence to trade, issued through the Real Estate Council of Alberta.
The Real Estate Council of Alberta (RECA) is an independent, non-government agency, responsible for regulating real estate, mortgage broker, and real estate appraisal industry professionals under Alberta’s Real Estate Act. RECA is mandated to protect consumers and to provide services that enhance and improve the industry and the business of industry members.