Part 1 - Authorizations, Licences and Registrations

Division 4 - Licence Requirements for Individuals

Education, Examination and Other Requirements

16(1) An individual who intends to apply for a licence must first meet the educational requirements or other requirements, if any, prescribed, adopted or approved by the Council for that class of licence.
16(2) An individual who has met the educational, examination or other requirements prescribed, approved or adopted by Council for any class of licence, may then apply to the executive director for that class of licence in a form prescribed by the executive director.
16(3) The executive director may grant an exemption from any or all of the educational, examination or other requirements prescribed, approved or adopted by Council for real estate and mortgage brokers referred to in (1) above to an applicant who satisfies the executive director that the applicant has satisfactory experience and knowledge of current real estate or mortgage broker practices in Alberta, as the case may be.
 
Jul 1/06

Education Code of Conduct

16.1(1) When fulfilling the requirements under section 16 of the Rules, an individual who intends to apply for a licence must comply with the Education Code of Conduct for Learners at Schedule 3 of these Rules, as well as the Education Code of Conduct Compliance Process and Remedies at Schedule 4 of these Rules.
 

Jul 3/12


Real Estate and Mortgage Broker Examination Requirements

17 An individual who intends to apply for a real estate or mortgage broker licence must first write the licensing examinations prescribed, adopted or approved by the Council for that class of licence and pass those examinations with a grade that is satisfactory to the Council.
 
Jul 1/06

Appraiser and Candidate Examination Requirements
18(1) An individual who intends to apply for an appraiser or candidate licence shall first meet the educational and examination requirements or other qualifications, if any, prescribed, adopted or approved by the appraiser associations for that class of licence.
18(1.1) In Addition to the requirements in subsection 18(1), an individual who intends to apply for an appraiser or candidate licence must write the licensing examination(s) prescribed, adopted or approved by the Council for that class of licence and pass those examinations with a grade that is satisfactory to the Council.
18(2) An individual who intends to apply for an appraiser or candidate licence who has never met the educational and examination requirements outlined in (1) above or, who currently is not a member in good standing of one of the appraiser associations, must first write the examination prescribed, adopted or approved by the executive director for that category of licence and pass that examination with a grade satisfactory to the Council.
18(3) An individual described in (2) above shall be entitled to one re-write of the appraiser licence examination.
18(4) An individual described in (2) above who successfully passes the appraiser licence examination must, as a condition of receiving an appraiser licence, become a member in good standing of one of the three appraiser associations prior to the renewal of the appraiser licence for the following licensing year.
18(5) An individual who receives a candidate licence must complete the educational and examination requirements or other qualifications, if any, prescribed, adopted or approved by the appraiser associations for the appraiser category of licence within the timeframe prescribed by that appraiser association.
18(6) If a candidate fails to obtain the educational and examination requirements or other qualifications referred to in (1) above, the candidate must notify the executive director immediately that the candidate failed to obtain those qualifications. The candidate’s licence shall immediately be cancelled by the executive director.
18(7) Deleted                         Council Resolution 2009-3.
18(8) __Deleted                         Council Resolution 2009-3:
18(9) When a candidate licence has been cancelled pursuant to this section, that individual cannot apply for a new candidate licence for a period of two years following the date of the cancellation of his first candidate licence.
 
Jul 1/06, Council Resolution 2009-3

Suitability Review
19 The executive director may, at the request of an individual and upon payment of a fee:
(a) conduct a review of the individual’s suitability for licensing;
(b) request information from that individual in the form and manner prescribed by the executive director; and
(c) provide that individual with a written response regarding his suitability for licensing.
 
Jul 1/06

Licence Application
20(1) The application for a licence must be accompanied by the following:
(a) the fees established by Council;
(b) an affidavit in a form prescribed by the executive director;
(c) proof of identity of the applicant in a form and manner prescribed by the executive director;
(d) a current and original certified criminal record check in the legal name of the applicant in a form and manner prescribed by the executive director;
 
Oct 1/06
(e) for real estate brokers, the applicable Real Estate Insurance Exchange (REIX) premium;
(f) for real estate brokers and mortgage brokers, the applicable Real Estate Assurance Fund levy as established by Council; and
(g) for real estate appraisers and candidates, their registered business office address in Alberta .
20(2) In addition to the information required in (1) above, the executive director may require the individual applying for the licence to:
(a) supply further information within a time prescribed by the executive director; and
(b) verify by affidavit or otherwise any information then or previously submitted.
20(3) Real estate appraisers and candidates are exempt from (1)(c) and (1)(d) above when renewing a licence.
 
Jul 1/06

Notice of Changes to Information in Support of Licence Application
21 A broker, associate broker, associate, appraiser or candidate, as the case may be, must immediately notify the executive director in writing of any changes in the information provided to the executive director in support of the licence application that occur during the application process or after the licence is issued.
 
Jul 1/06
   
Licence Terms, Conditions and Restrictions
22 The executive director may, on or subsequent to issuing a licence, make it subject to any terms, conditions or restrictions with respect to trading in real estate, dealing in mortgages or real estate appraisal, as the case may be, that the executive director considers appropriate.
 
Jul 1/06

Re-Licensing Education Program Requirements
23(1) An industry member must satisfy all applicable Re-Licensing Education Program requirements prescribed by Council to retain a licence issued to the industry member by the Real Estate Council of Alberta.
23(2) The onus is on the industry member to be informed of any applicable Re-Licensing Education Program requirements.
 
Resolution 2008-3 approved by Council on Aug 6/08

 

Continue with Part 1 Division 5 - Registration Certificates

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