Opening a brokerage is a multi-step process. If you still have questions after reviewing the steps below, contact RECA’s Brokerage Licensing Administrator at email@example.com or (403) 228-2954 (toll-free in Alberta at 1-888-425-2754).
Please review all the steps before beginning the process to open a brokerage.
In real estate, including property management, and mortgage brokerage, associates need at least two years of licensed industry experience within the last five years to be eligible to open a brokerage.
In your myRECA account, if you are eligible to become a broker, a button to Open a Brokerage will appear below your licence in your myRECA profile (do not click this button until you complete Step 2 below).
If you do not see this button, check the broker eligibility requirements to learn potential criteria you may not have met yet.
Once you have met the eligibility requirements, you can begin to set up your brokerage business. Before completing your application you will need to:
Review the list of RECA-approved Mortgage E&O providers to find a provider in your area.
Frequently Asked Questions
When you are eligible to become a broker, the Apply to Open a Brokerage button appears on the Current Licences page within the Licensing tab of your myRECA account.
Before you begin the application on myRECA, gather the documents listed below. You will need to upload these documents using myRECA to support your application. The exact documents you are required to provide depend on how you answer certain questions in the application.
If your brokerage is a corporation and you own more than 50%, you will need to provide:
If your brokerage is a corporation and you own 50% or less, you will need to provide:
If your brokerage is a partnership, you will need to provide:
If your brokerage is a sole proprietorship, you will need to provide:
Once you have the required documents, go to your myRECA account and click the Open a Brokerage button to begin. Follow the steps and pay the Brokerage Licensing Review Fee.
Review the Opening a Brokerage tutorial for more information.
If you want more information about the required documents, please contact RECA at firstname.lastname@example.org.