Why work with an Industry Professional

As a regulatory, consumer protection body, one of RECA’s primary messages is how important it is for consumers to ensure they’re working with licensed real estate, mortgage brokerage, property management, and real estate appraisal professionals. There are many reasons why consumers should work with licensed professionals: working with licensed professionals protects you.

Consumer Protection Fund

The Consumer Protection Fund protects consumers who use a licensed professional. The Fund compensates consumers who have suffered a financial loss due to fraud, breach of trust, or failure to account for money held in trust. This applies to consumers with their own licensed professional and to licensed professionals working for the opposite side in a transaction.

Criminal Record Checks

All licensed professionals undergo a Criminal Record Check prior to receiving a licence from the Real Estate Council of Alberta (RECA).

Accountability: Licensed professionals must follow high standards of conduct

Licensed professionals must follow the standards set out in the Real Estate Act and Real Estate Act Rules. Failure to meet these standards can lead to sanctions or disciplinary proceedings by RECA.

Education: Licensed professionals are education to work in their chosen field

Licensed professionals must complete rigorous pre-licensing education before applying for a licence from RECA. They also need to complete regular re-licensing education in order to renew their licence.

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