Part 1 - Authorizations, Licences and Registrations

Division 5 - Registration Certificates

24 A registration certificate issued by the executive director under these Rules is proof of registration.
 
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25 A registration certificate issued by the executive director expires on September 30 following its issuance unless it is terminated or cancelled prior to that date.
 
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26 A registration certificate is deemed to be cancelled when a licence is terminated, suspended or cancelled.
 
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27(1) A brokerage shall apply to the executive director for a broker, associate broker or associate registration certificate, as the case may be, in a form prescribed by the executive director.
27(2) The application for a registration certificate shall be accompanied by the following:
(a) the fee as established by Council;
(b) payment of, or proof of payment of all levies, fees, premiums, fines, administrative penalties and other amounts that are payable under or pursuant to the Act or these Rules;
(c) in the case of real estate brokers, the applicable Real Estate Insurance Exchange (REIX) premium; and
(d) for real estate brokers and mortgage brokers, the applicable Real Estate Assurance Fund levy as established by Council.
 
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28 If the applicant for a registration certificate has previously been an industry member, but has not been registered with a licensed brokerage in Alberta or licensed as an appraiser or candidate in Alberta for a period exceeding one year, the application for a registration certificate or licence, as the case may be, must be accompanied by the following:
(a) proof of identity of the applicant in a form and manner prescribed by the executive director; and
 
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(b) 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.
 
Rule 28(b) takes effect October 1, 2006.
   
29(1)

An individual who is registered as a broker with a real estate brokerage cannot be registered as an associate broker or associate with the same or a different real estate brokerage.

29(2) An individual who is registered as a broker with a mortgage brokerage cannot be registered as an associate with the same or a different mortgage brokerage.
29(3) An individual cannot be registered as a broker, associate broker or associate with more than one real estate brokerage and one mortgage brokerage in Alberta at any one time.
29(4) A broker who intends to become registered as a broker or associate broker with a different brokerage cannot be registered as a broker or associate broker with that brokerage until arrangements for any monies held in trust or the trust account(s) of the previous brokerage have been confirmed and are satisfactory to the executive director.
Jul 1/06

 

Continue with Part 1 Division 6 - Licence Requirements for Brokerages

Back to Table of Contents - Real Estate Act Rules

 

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