Real Estate Council of Alberta Clarifies Licensing of Condominium Managers
Calgary, Alberta – Through its introduction of Bill 9: the Condominium Property Amendment Act, the Alberta government has clarified its plans to raise standards within Alberta’s condominium management sector. If Bill 9 passes into law, condominium managers would require a licence from the Real Estate Council of Alberta (RECA).
The requirement for condominium manager licensing would occur through amendments to the Real Estate Act, which RECA administers on behalf of the Government of Alberta. Section 60 on pages 73 to 78 of Bill 9 outlines these amendments.
RECA supports the Government of Alberta on its consideration of amendments to the Condominium Property Act. RECA participated in the government’s formal consultation on the Condominium Property Act in early 2013, and continues to engage in discussions specific to condominium manager licensing.
The Real Estate Act has an appropriate structure and mechanisms to govern real estate brokerage, mortgage brokerage, real estate appraisal, and property management professionals. The same structures will apply to condominium managers. The Real Estate Act establishes requirements for industry professionals. These include:
- eligibility to enter the industry
- licensing suitability and education standards
- practice standards
- complaint and discipline processes
RECA will work with condominium management stakeholders to develop licensing, education, and practice standards specific to condominium managers. RECA will consider harmonization with British Columbia to regulate condominium managers.
The Real Estate Council of Alberta will continue to work with the Alberta government to raise standards within Alberta’s condominium management sector.
The Real Estate Council of Alberta (RECA) is an independent, non-government agency, responsible for governing 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 professionals.