Purpose:  To explain when and how a trade in real estate is done through an auction and a real estate brokerage with an auctioneer.  

This bulletin applies to real estate brokerages, brokers, associate brokers, associates, and auctioneers.

A client must use a real estate brokerage to auction real estate unless the auctioneer holds a real estate broker’s licence from the Real Estate Council of Alberta (RECA). The real estate brokerage may pay the auctioneer a flat fee or an agreed percentage of the sale price.

Brokerage responsibilities
The real estate brokerage must:

Brokerage and auctioneer working together
Typically, a real estate brokerage and an auctioneer work together to hold an auction in the manner outlined below:

Related information