Part 1 - Authorizations, Licences and Registrations

Division 1 - Classes of Licences

Classes of Real Estate Brokers

2 (1) For the purposes of the Act, Bylaws and Rules there shall be the following classes of real estate brokers:
(a) brokerage;
(b) broker;
(c) associate broker;
(d) associate.
2 (2) A real estate brokerage is a person who:
(a) is licensed by the Council as a brokerage; and
(b) employs or has associated with it a licensed and registered real estate broker.
2 (3)

A real estate broker is an individual who:

(a)

holds the qualifications of a real estate broker;

(b)

is licensed as a real estate broker by the Council;

(c)

is employed by or associated with a licensed real estate brokerage in Alberta ; and

(d)

is registered with and approved to operate a real estate brokerage and trade in real estate on behalf of that brokerage.

2 (4) An associate broker is an individual who
(a)

holds the qualifications of a real estate broker;

(b)

is licensed as a real estate associate broker by the Council;

(c)

is employed by or associated with a licensed real estate brokerage in Alberta ; and

(d)

is registered with and approved to trade in real estate on behalf of that brokerage.

2 (5)

A real estate associate is an individual who:

(a) holds the qualifications of a real estate associate;
(b) is licensed as a real estate associate by the Council;
(c) is employed by or associated with a licensed real estate brokerage in Alberta ; and
(d) is registered with and approved to trade in real estate on behalf of that brokerage.
 
Jul 1/06

Classes of Mortgage Brokers
3 (1)

For the purposes of the Act, Bylaws and Rules there shall be the following classes of mortgage brokers:

(a)

brokerage;

(b)

broker; and

(c)

associate.

3 (2)

A mortgage brokerage is a person who:

(a) is licensed by the Council as a mortgage brokerage; and
(b) employs or has associated with it a licensed and registered mortgage broker.
3 (3) A mortgage broker is an individual who:
(a) holds the qualifications of a mortgage broker;
(b) is licensed as a mortgage broker by the Council;
(c)

is employed by or associated with a licensed mortgage brokerage in Alberta ; and

(d)

is registered with and authorized to operate a mortgage brokerage, and deal in mortgages on behalf of that brokerage.

3 (4) A mortgage associate is an individual who:
(a)

holds the qualifications of a mortgage associate;

(b)

is licensed as a mortgage associate by the Council;

(c)

is employed by or associated with a licensed mortgage brokerage in Alberta ; and

(d)

is registered with and approved to deal in mortgages on behalf of that brokerage.

 
Jul 1/06

Classes of Real Estate Appraisers
4 For the purposes of the Act, Bylaws and Rules there shall be the following classes of real estate appraisers:
  (a)  appraiser, and
  (b) candidate.
   
Jul 1/06

 

Continue with Part 1 Division 2 - Authorizations

Back to Table of Contents - Real Estate Act Rules

 

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