A person who trades in real estate on behalf of another for compensation, or holds oneself out as a real estate agent, is required to have a real estate licence from the Real Estate Council of Alberta (RECA), unless they are exempt by the legislation.
You do not need a licence when you buy or sell your own property.
In the most basic sense, trading in real estate means buying or selling real estate on behalf of someone else. But it also includes managing a rental property on behalf of someone else.
You must hold a licence to trade in real estate on behalf of another person.
You do not need a licence when you purchase or sell your own real estate, as long as you own 25% or more of the property.