The Real Estate Council of Alberta (RECA) began regulating condominium managers on December 1, 2021. Individuals and companies offering condominium management services must hold a licence with RECA as of this date.
Condominium management services are those in which an individual or brokerage is exercising the power, or performing the duties of, a condominium corporation on behalf of that corporation. These duties commonly include:
For more information on condominium management services and duties of a condo corporation, see the Condominium Property Act.
Please note condominium management is a separate activity and a separate industry from property management. If individuals and companies would like to practice both condominium management and property management, they must do so under separate brokerages. A condominium management brokerage licence is required to offer condominium manager services, and a real estate brokerage licence is required to offer property management services. This regulatory model was set after Phase 1 Consultation with stakeholders on condominium manager licensing, conducted in the Fall of 2015.
Should a company wish to offer both services, they will need two brokerage licences; however, each brokerage can operate under the same corporation.
Who is exempt from requiring a licence to provide condominium management services?
The Real Estate Act Exemption Regulation lists the individuals or entities who are exempt from the requirement to be licensed to perform services that require a licence under the Real Estate Act. The amendments to the Exemption Regulation pertaining to condominium management were approved by Service Alberta on November 10, 2021, and took effect on December 1, 2021. Amendments were also made to section 2(6) of the Real Estate Act, that came into Force on December 1, 2021, and they exempt corporations, including bona fide employees of condominium corporations who self-manage, from requiring a licence.
Get detailed information on Condominium Manager Licensing.
Please note that the following information is subject to change. There are many issues that have not yet been finalized so changes could occur.
| December 2020 | New governance structure is implemented at RECA |
| December 2020 | Residential Property Manager Industry Council forms and will be responsible for the regulation of condominium management |
| Jan-May 2021 | Exam challenge eligibility requirements to be developed |
| July 2021 onward | Condominium licensing education courses to be developed by course providers |
| Aug 2021 onward | Course providers will begin providing condominium manager courses for broker and associate licensing |
| October 30, 2021 | Persons meeting exam challenge requirements will be able to challenge the appropriate exam |
| Aug-Nov 2021 | Condominium manager brokerages and licensees can make application for licensing |
| October 1, 2021 | Issuing of licences for condominium management begins |
| December 1, 2021 | All brokerages/companies or individuals providing condominium management services must be licensed by this date |
Who is exempt from requiring a licence to provide condominium management services?
The Real Estate Act Exemption Regulation lists the individuals or entities who are exempt from the requirement to be licensed to perform services that require a licence under the Real Estate Act. The amendments to the Exemption Regulation pertaining to condominium management were approved by Service Alberta on November 10, 2021, and will take effect on December 1, 2021.
Amendments were also made to section 2(6) of the Real Estate Act, that comes into Force on December 1, 2021, that exempt corporations, including bona fide employees of condominium corporations who self-manage, from requiring a licence.
When will licensing and the regulation of condominium management start?
All companies and persons providing condominium management services will have to be licensed by December 1, 2021.
What is considered condominium management?
Section 1(1)(e2) of the Real Estate Act gives the definition of condominium management service:
(e.2) “condominium management service” means the exercising of a power or the performing of a duty of a condominium corporation on behalf of the condominium corporation including, but not limited to,
Who will enforce the requirement for condo managers to be licensed?
RECA will be responsible for following up on instances of unlicensed condominium management. When RECA becomes aware of possible unlicensed condominium management it will investigate. Should it be determined that a person or company is providing unlicensed condominium management services there will be a demand for them to cease providing those services. They must cease providing condominium management services. Should they want to be able to provide management services then they can go through the licensing process. If they fail to stop providing unlicensed condominium management services they could be subject to administrative penalties of up to $25,000 per breach of the Real Estate Act.
Is there a code of ethics or something similar that condominium managers will have to adhere to?
Yes, RECA has rules called the Standards of Practice that detail responsibilities, prohibitions and practices. They also include record keeping and financial management of condominium corporations.
Who sets the rules for condominium managers?
Under the new governance structure for RECA, the Residential Property Manager Industry Council will set the rules, with the approval of the Minister of Service Alberta, for condominium management.
Who will enforce the rules around condominium management service providers?
RECA will enforce the requirements of the Real Estate Act, the regulations and rules. RECA investigates complaints or issues brought to its attention. RECA’s Professional Conduct Review department is responsible for carrying out the investigations. If it is determined there are breaches of the Act, regulations or rules, it would either result in an administrative penalty(s), letter of reprimand, or go to a professional conduct hearing.
Do condominium manager brokerages have to carry errors and omissions insurance?
Yes, all condominium manager brokerages must carry a minimum of $1,000,000 coverage that meets the requirements specified by the Chief Executive Officer of RECA.
Does there have to be a written contract between a condominium corporation and a condominium manager?
Condominium managers will not be able to provide management services to a condominium corporation unless there is a written service agreement in place. The RECA rules specify the minimum content of service agreements. Service agreements will typically be tailored to the specific needs of the condominium corporation. It is up to the condominium corporation’s board to determine what services they require and to ensure they are detailed in the service agreement.
Is there a standard or mandatory service agreement between condominium corporations and a condominium manager?
No, there is not a standard agreement. Every condominium corporation is different and has different needs. It is up to the condominium corporation to decide what services it requires and to include them in the service agreement they negotiate with a condominium manager. The RECA rules specify the minimum content for service agreements.
How often does the condominium manager have to provide financial reporting to the condominium corporation’s board?
The financial reports, which would be stipulated in the service agreement, must be provided monthly unless the service agreement specifies a different reporting period, such as quarterly.
How soon after the reporting period must the condominium manager provide the financial reports?
The reports must be provided to the board within 30 days of the end of the reporting period.
Do condominium managers have to disclose any conflicts-of-interests they may have?
Yes, there are several RECA rules that detail what must take place when a condominium manager has an actual or potential conflict-of-interest. These rules require that there be disclosure of the conflict or potential conflict to the corporation’s board. The board decides whether they have concerns about the conflict or not. If the board is prepared to move forward knowing of the conflict, they must give a written acknowledgement of the conflict and written consent.
Can a condominium manager profit on business that it does on behalf of a condominium corporation?
A condominium manager must disclose any benefits or remuneration they may receive providing services to a corporation other than the fees agreed to in the service agreement. If they are going to receive fees or remuneration other than that specified in the service agreement, they must have acknowledgement and written consent from the board of the corporation.
Can a condominium manager use services such as repair, maintenance, landscaping, snow removal, etc. that are owned by the condominium manager brokerage or owners/employees of the brokerage?
Yes, they can, but they must disclose their ownership position to the board of the condominium corporation. The board must acknowledge and given written consent for the condominium manager to use that service provider.
Can a condominium manager who owns a unit(s) in a condominium corporation also manage that corporation?
Yes, but the condo manager must disclose to the board that they own one or more units in the corporation. It would be up to the board to decide whether they have any concerns before moving forward.
Can the condominium manager be responsible for investing funds on behalf of the condominium corporation?
Yes, the board can assign this responsibility to the condominium manager, usually as a term of the service agreement. The investments must be done with the same restrictions under the Condominium Property Act that would apply to the board of the condominium corporation.
Can a condominium corporation cancel a service agreement it has with a condominium management brokerage?
Yes it can, subject to the terms detailed in the service agreement.
What must the condominium manager brokerage do when their service agreement is terminated, either an early termination or on its expiry?
The rules specify that certain things must take place upon termination of a service agreement. They are:
Can a person who is licensed as a condominium manager volunteer to provide unlicensed services to a condominium corporation in which they own a unit(s)?
The extent of what an employee can carryout on behalf of a condominium corporation is dependent on regulations not yet approved by the Minister of Service Alberta.
Why did the Residential Property Manager Industry Council decide to have condominium managers require a condominium management licence?
This decision was made to minimize red tape. Allowing condominium managers to operate under a real estate licence would have led to the following implications: Persons who are currently managing a corporation, partnership or proprietorship offering condominium management services would need to demonstrate condominium management services and oversight knowledge and experience, but they would also need to obtain residential, commercial, rural and property management education to retain a real estate broker licence. Current real estate brokers and associate brokers (~1600 individuals) would need to obtain condominium management education to keep their broker or associate broker licences, even if they don’t offer condominium management services, which the vast majority of them would not.
What consultation did the Residential Property Manager Industry Council carry out?
The regulation of condominium management has been in the works since 2015. In that time, RECA undertook two major consultations. One in 2015, conducted by the Condominium Manager Implementation Advisory Committee (CMIAC), and approved by Council as it was then, around the regulatory framework for condominium management. This consultation allowed Council to set the framework that condominium management would follow. Council concluded that it would follow the other industries, in that it would be a separate licensed activity, requiring its own licence, and would have associate, associate broker, and broker licence classes. A second phase of Consultation was undertaken by CMIAC in the Fall of 2020 around the proposed Standards of Practice for condominium managers. These standards were recommended by CMIAC and were approved for submission to the Minster of Service Alberta by the Administrator of RECA at the time. The Residential Property Manager Industry Council approved an extension of the CMIAC and consulted them extensively as they set licensing and education standards for condominium managers.
Will people currently carrying out condominium management be given credit for their experience?
Yes, anyone currently involved with providing condominium management services will be able to have their experience reviewed to determine licence eligibility. Once it is confirmed that they have adequate experience, they will be given an opportunity to challenge the licensing exam for the appropriate licence. If they successfully pass the exam they would not be required to complete the licensing course. Should they not be successful then they would have to complete the course and rewrite the exam. The experience requirements will be communicated once they are finalized.
I don’t like the title “Condominium Manager Associate”. Can I use Condominium Manager?
Yes, Condo Manager has been the common term in the condominium management industry and it can continue to be used. There is no requirement to use the licensing category terms in day-to-day practice. Licensees can use Condominium Manager or Condo Manager on business cards, in signature blocks, on letterhead, etc.
What is considered condominium management?
Section 1(1)(e2) of the Real Estate Act gives the definition of condominium management service:
(e.2) “condominium management service” means the exercising of a power or the performing of a duty of a condominium corporation on behalf of the condominium corporation including, but not limited to,
When will licensing and the regulation of condominium management start?
All companies and persons providing condominium management services will have to be licensed by December 1, 2021.
Who will enforce the requirement for condo managers to be licensed?
RECA will be responsible for following up on instances of unlicensed condominium management. When RECA becomes aware of possible unlicensed condominium management it will investigate. Should it be determined that a person or company is providing unlicensed condominium management services there will be a demand for them to cease providing those services. They must cease providing condominium management services. Should they want to be able to provide management services then they can go through the licensing process. If they fail to stop providing unlicensed condominium management services they could be subject to administrative penalties of up to $25,000 per breach of the Real Estate Act.
Can the same corporation have two brokerage licences?
Yes. If you have a property management brokerage, and you open a new condominium management brokerage for December 1, 2021, the same corporation can own both brokerages. This is similar to other industries, as many real estate brokerages also operate a mortgage brokerage. They have two licences, as they are two separate licensed activities, but they can be owned by the same individual or corporation.
Is there a code of ethics or something similar that condominium managers will have to adhere to?
Yes, RECA has rules called the Standards of Practice that detail responsibilities, prohibitions and practices. They also include record keeping and financial management of condominium corporations.
Who sets the rules for condominium managers?
Under the new governance structure for RECA the Residential Property Manager Industry Council will set the rules for condominium management.
Who will enforce the rules around condominium management service providers?
RECA will enforce the requirements of the Real Estate Act, the regulations and rules. RECA investigates complaints or issues brought to its attention. RECA’s Professional Conduct Review department is responsible for carrying out the investigations. If it is determined there are breaches of the Act, regulations or rules, it would either result in an administrative penalty(s), letter of reprimand, or go to a professional conduct hearing.
What oversight will RECA provide of condominium managers and their brokerages?
In addition to investigating specific issues that come to RECA’s attention, RECA has a Trust Assurance and Practice Review department. This department will visit condominium manager brokerages and review their record keeping, practices and if they hold money in trust, they will review the trust accounts. The primary purpose is to ensure proper systems are in place and if there are issues or concerns raised during a review, the Practice Review Officer will assist the brokerage with putting the proper systems in place. The main theme is to educate the broker and administrative staff. However, if serious issues are discovered or the broker/brokerage is uncooperative there could be sanctions.
Do condominium manager brokerages have to carry errors and omissions insurance?
Yes, all condominium manager brokerages must carry a minimum of $1,000,000 coverage that meets the requirements specified by the Chief Executive Officer of RECA.
Does there have to be a written contract between a condominium corporation and a condominium manager?
Condominium managers will not be able to provide management services to a condominium corporation unless there is a written service agreement in place. The RECA rules specify the minimum content of service agreements. Service agreements will typically be tailored to the specific needs of the condominium corporation. It is up to the condominium corporation’s board to determine what services they require and to ensure they are detailed in the service agreement.
Is there a standard or mandatory service agreement between condominium corporations and a condominium manager?
No, there is not a standard agreement. Every condominium corporation is different and has different needs. It is up to the condominium corporation to decide what services it requires and to include them in the service agreement they negotiate with a condominium manager. The RECA rules specify the minimum content for service agreements.
How often does the condominium manager have to provide financial reporting to the condominium corporation’s board?
The financial reports, which would be stipulated in the service agreement, must be provided monthly unless the service agreement specifies a different reporting period, such as quarterly.
How soon after the reporting period must the condominium manager provide the financial reports?
The reports must be provided to the board within 30 days of the end of the reporting period.
Do condominium managers have to disclose any conflicts-of-interests they may have?
Yes, there are several RECA rules that detail what must take place when a condominium manager has an actual or potential conflict-of-interest. These rules require that there be disclosure of the conflict or potential conflict to the corporation’s board. The board decides whether they have concerns about the conflict or not. If the board is prepared to move forward knowing of the conflict they must give a written acknowledgement of the conflict and written consent.
Can a condominium manager use services such as repair, maintenance, landscaping, snow removal, etc. that are owned by the condominium manager brokerage or owners/employees of the brokerage?
Yes, they can, but they must disclose their ownership position to the board of the condominium corporation. The board must acknowledge and given written consent for the condominium manager to use that service provider.
Who should be the signing authority on bank accounts holding a condominium corporation’s funds?
There are two situations, depending on whether the funds are in the brokerage’s trust accounts or in the condominium corporation’s own bank accounts.
Can the condominium manager be responsible for investing funds on behalf of the condominium corporation?
Yes, the board can assign this responsibility to the condominium manager, usually as a term of the service agreement. The investments must be done with the same restrictions under the Condominium Property Act that would apply to the board of the condominium corporation.
Can a condominium corporation cancel a service agreement it has with a condominium management brokerage?
Yes it can, subject to the terms detailed in the service agreement.
What must the condominium manager brokerage do when their service agreement is terminated, either an early termination or on its expiry?
The rules specify that certain things must take place upon termination of a service agreement. They are:
Why did the Residential Property Manager Industry Council decide to have condominium managers require a condominium management licence?
This decision was made to minimize red tape. Allowing condominium managers to operate under a real estate licence would have led to the following implications: Persons who are currently managing a corporation, partnership or proprietorship offering condominium management services would need to demonstrate condominium management services and oversight knowledge and experience, but they would also need to obtain residential, commercial, rural and property management education to retain a real estate broker licence. Current real estate brokers and associate brokers (~1600 individuals) would need to obtain condominium management education to keep their broker or associate broker licences, even if they don’t offer condominium management services, which the vast majority of them would not.
I don’t like the title “Condominium Manager Associate”. Can I use Condominium Manager?
Yes, Condo Manager has been the common term in the condominium management industry and it can continue to be used. There is no requirement to use the licensing category terms in day-to-day practice. Licensees can use Condominium Manager or Condo Manager on business cards, in signature blocks, on letterhead, etc.
Can condominium corporations self-manage?
Yes, condominium corporations can decide to self-manage their corporation. This can be done by the board of the condominium corporation directly or the condominium corporation can hire a person as an employee of the corporation who would assist the board in managing the corporation.
What is considered condominium management?
Section 1(1)(e2) of the Real Estate Act gives the definition of condominium management service:
(e.2) “condominium management service” means the exercising of a power or the performing of a duty of a condominium corporation on behalf of the condominium corporation including, but not limited to,
i. collecting, holding or disbursing, or attempting to collect, hold or disburse, contributions levied by the condominium corporation or other amounts levied by or due to the corporation under the Condominium Property Act,
ii. enforcing the bylaws or rules of the corporation,
iii. negotiating or entering into contracts on behalf of the corporation, and
iv. supervising employees or contractors hired or engaged by the corporation, but does not include any activity excluded by the Condominium Property Act, this Act or the regulations under either Act;
Who sets the rules for condominium managers?
Under the new governance structure for RECA the Residential Property Manager Industry Council will set the rules for condominium management.
Who will enforce the requirement for condo managers to be licensed?
RECA will be responsible for following up on instances of unlicensed condominium management. When RECA becomes aware of possible unlicensed condominium management it will investigate. Should it be determined that a person or company is providing unlicensed condominium management services there will be a demand for them to cease providing those services. They must cease providing condominium management services. Should they want to be able to provide management services then they can go through the licensing process. If they fail to stop providing unlicensed condominium management services they could be subject to administrative penalties of up to $25,000 per breach of the Real Estate Act.
Who will enforce the rules around condominium management service providers?
RECA will enforce the requirements of the Real Estate Act, the regulations and rules. RECA investigates complaints or issues brought to its attention. RECA’s Professional Conduct Review department is responsible for carrying out the investigations. If it is determined there are breaches of the Act, regulations or rules, it would either result in an administrative penalty(s), letter of reprimand, or go to a professional conduct hearing.
Is there a code of ethics or something similar that condominium managers will have to adhere to?
Yes, RECA has rules called the Standards of Practice that detail responsibilities, prohibitions and practices. They also include record keeping and financial management of condominium corporations.
Does there have to be a written contract between a condominium corporation and a condominium manager?
Condominium managers will not be able to provide management services to a condominium corporation unless there is a written service agreement in place. The RECA rules specify the minimum content of service agreements. Service agreements will typically be tailored to the specific needs of the condominium corporation. It is up to the condominium corporation’s board to determine what services they require and to ensure they are detailed in the service agreement.
Is there a standard or mandatory service agreement between condominium corporations and a condominium manager?
No, there is not a standard agreement. Every condominium corporation is different and has different needs. It is up to the condominium corporation to decide what services it requires and to include them in the service agreement they negotiate with a condominium manager. The RECA rules specify the minimum content for service agreements.
How often does the condominium manager have to provide financial reporting to the condominium corporation’s board?
The financial reports, which would be stipulated in the service agreement, must be provided monthly unless the service agreement specifies a different reporting period, such as quarterly.
How soon after the reporting period must the condominium manager provide the financial reports?
The reports must be provided to the board within 30 days of the end of the reporting period.
Do condominium managers have to disclose any conflicts-of-interests they may have?
Yes, there are several RECA rules that detail what must take place when a condominium manager has an actual or potential conflict-of-interest. These rules require that there be disclosure of the conflict or potential conflict to the corporation’s board. The board decides whether they have concerns about the conflict or not. If the board is prepared to move forward knowing of the conflict they must give a written acknowledgement of the conflict and written consent.
Can a condominium manager profit on business that it does on behalf of a condominium corporation?
A condominium manager must disclose any benefits or remuneration they may receive providing services to a corporation other than the fees agreed to in the service agreement. If they are going to receive fees or remuneration other than that specified in the service agreement they must have acknowledgement and written consent from the board of the corporation.
Can a condominium manager use services such as repair, maintenance, landscaping, snow removal, etc. that are owned by the condominium manager brokerage or owners/employees of the brokerage?
Yes, they can, but they must disclose their ownership position to the board of the condominium corporation. The board must acknowledge and given written consent for the condominium manager to use that service provider.
When our condominium corporation hires a condominium manager brokerage do we have to turn our funds over to the manager for them to hold the funds in trust?
No, the condominium corporation’s board can hire a condominium manager brokerage and still keep the corporation’s funds in the corporation’s own bank accounts. The board can, through the service agreement, decide to have the brokerage manage the accounts.
Who should be the signing authority on bank accounts holding a condominium corporation’s funds?
There are two situations, depending on whether the funds are in the brokerage’s trust accounts or in the condominium corporation’s own bank accounts.
Can a condominium manager who owns a unit(s) in a condominium corporation also manage that corporation?
Yes, but the condo manager must disclose to the board that they own one or more units in the corporation. It would be up to the board to decide whether they have any concerns before moving forward.
Can the condominium manager be responsible for investing funds on behalf of the condominium corporation?
Yes, the board can assign this responsibility to the condominium manager, usually as a term of the service agreement. The investments must be done with the same restrictions under the Condominium Property Act that would apply to the board of the condominium corporation.
Can a condominium corporation cancel a service agreement it has with a condominium management brokerage?
Yes it can, subject to the terms detailed in the service agreement.
What must the condominium manager brokerage do when their service agreement is terminated, either an early termination or on its expiry?
The rules specify that certain things must take place upon termination of a service agreement. They are:
How are the funds of condominium corporations protected from fraud or dishonest acts, such as theft?
The regulations under the Condominium Property Act require that every condominium corporation must carry Fraudulent or Dishonest Acts Insurance based on a formula that takes into account how much money the condominium corporation has it in its reserve fund accounts and how much money it collects annually in its operating account. This insurance must cover the board and employees of the condominium corporation, as well as any condominium manager that carries out work on behalf of the condominium corporation.
Can a person who is licensed as a condominium manager volunteer to provide unlicensed services to a condominium corporation in which they own a unit(s)?
The extent of what an employee can carryout on behalf of a condominium corporation is dependent on regulations not yet approved by the Minister of Service Alberta.
Why did the Residential Property Manager Industry Council decide to have condominium managers require a condominium management licence?
This decision was made to minimize red tape. Allowing condominium managers to operate under a real estate licence would have led to the following implications: Persons who are currently managing a corporation, partnership or proprietorship offering condominium management services would need to demonstrate condominium management services and oversight knowledge and experience, but they would also need to obtain residential, commercial, rural and property management education to retain a real estate broker licence. Current real estate brokers and associate brokers (~1600 individuals) would need to obtain condominium management education to keep their broker or associate broker licences, even if they don’t offer condominium management services, which the vast majority of them would not.
Will people currently carrying out condominium management be given credit for their experience?
Yes, anyone currently involved with providing condominium management services will be able to have their experience reviewed to determine licence eligibility. Once it is confirmed that they have adequate experience, they will be given an opportunity to challenge the licensing exam for the appropriate licence. If they successfully pass the exam, they would not be required to complete the licensing course. Should they not be successful then they would have to complete the course and rewrite the exam. The experience requirements will be communicated once they are finalized.
The Advisory Committee worked to finalize the draft Standards of Practice for condominium managers between January and June of 2019. The RECA Administrator reviewed the proposed Standards of Practice and approved the consultation in June 2020.
The consultation was open to the public from August 14 to November 12, 2020. Consultation on Proposed Standards of Practice for Condominium Managers has closed. RECA is currently reviewing the feedback received. Updates will be provided once the data has been compiled.
On June 27, 2019, Service Alberta announced the condominium regulations will be paused for six months for a red tape review.
RECA continued preparations for consultation on and implementation of Real Estate Act amendments for the regulation of condominium managers in order to be ready to consult with stakeholders once the Government of Alberta completes the Regulations under the Condominium Property Amendment Act.
The Condominium Manager Implementation Advisory Committee paused their meetings until Service Alberta finalized the regulations under the Condominium Property Amendment Act. In December 2019 Service Alberta announced the revised regulations would be effective January 1, 2020.
RECA’s Condominium Manager Implementation Advisory Committee met on February 20, 2018 to review the status of RECA’s project.
On December 14, 2018 the Government of Alberta announced the second stage of regulation changes to the Condominium Property Amendment Act and announced they will begin stage three consultation. RECA will be doing a separate consultation specifically on condominium manager licensing. For more information, contact Doug Dixon, Regulatory Compliance Advisor at: DDixon@reca.ca.
Information about the Government of Alberta’s progress on Condominium Property Act Consultation and Regulations can be found on Service Alberta’s website.
In December 2014, the Government of Alberta passed legislation that will require licensing for condominium managers. When the legislation takes effect, the Real Estate Council of Alberta (RECA) will be responsible for setting standards, licensing and regulating individuals who provide condominium management services.
In fall 2015, RECA launched a consultation to gather feedback from condominium industry stakeholders, including condominium managers, boards, owners and consumers on the proposed regulatory model for condominium managers. That consultation process included a consultation paper and town-hall meetings in Medicine Hat, Lethbridge, Ft. McMurray, Lloydminster, Edmonton, Edson, Grande Prairie, Calgary and Red Deer. Stakeholders were invited to respond to the consultation paper in writing by December 9, 2015 and attend one or more of the town hall meetings.
Results from Phase 1 consultation: Council approved a Regulatory Model for Condominium Managers.
The Real Estate Council of Alberta’s (RECA) Condominium Manager Implementation Advisory Committee (CMIAC) recently completed Phase 1 of the Condominium Manager Regulation Consultation. As a result of this consultation, CMIAC provided, and Council approved, recommendations in six areas:
Exemptions to Licensing
The Real Estate Act Exemption Regulation lists the individuals or entities who are exempt from the requirement to be licensed to perform services that require a licence under the Real Estate Act. The changes to the regulation pertaining to condominium management can be read here.
Education recommendations
Bonding or real estate assurance fund recommendation
Trust account audit & review program recommendations
Professional liability insurance recommendation
Unlicensed condominium manager activity and licensed condominium manager misconduct recommendation
RECA’s consultation on and implementation of Real Estate Act amendments for the regulation of condominium managers has been on hold pending the Government of Alberta’s completion of Regulations under the Condominium Property Amendment Act.
RECA’s Condominium Manager Implementation Advisory Committee met on February 20, 2018 to review the status of RECA’s project.
On December 14, 2018 the Government of Alberta announced the second stage of regulation changes to the Condominium Property Amendment Act and announced they will begin stage three. For more information, contact Doug Dixon, Regulatory Compliance Advisor: DDixon@reca.ca.
If you would like information about the Government of Alberta’s progress on CPAA Regulations, please visit the Service Alberta website at: http://www.servicealberta.ca/Consumer-condominiums.cfm.
