Information Bulletins

Real Estate Council of Alberta (RECA) has created a suite of Information Bulletins on topics of interest and importance to licensees.

Use the arrows in the column headings to sort alphabetically by title or by date.

 

 

Search Information Bulletins

A - Z
Purpose Related Legislation
Date
Service Agreements—Condominium Management The minimum content required in a service agreement and issues that relate to a service agreement being in force 2022
Termination of Service Agreement—Condominium Management Service agreement termination requirements and the minimum steps that must be followed when a condominium management 2022
Professional Ethics of Condominium Managers The professional and ethical obligations a condominium manager has to condominium corporations under management and to their condominium manager brokerage 2022
Exemptions to Condominium Manager Licensing When a licence is not required to provide condominium management services 2022
Managing Condominium Corporation Funds Requirements that condominium managers must follow in handling and accounting for condominium corporation funds under their management 2022
Financial Reporting to Condominium Corporations Financial reporting requirements of condominium management brokerages to condominium corporations 2022
Unlawful Instructions from Chair or Condominium Board Unlawful instructions by a condominium corporation Chair or board and how to respond 2022
Complaints—Condominium Management Condominium related complaint issues and RECA's process for responding to complaints 2022
Conflict of Interest Disclosure—Condominium Managers Common types of conflicts of interest that can arise in condominium management 2022
Condominium Management and Legislative Scope Obligations of a condominium manager to follow all applicable legislation when providing condominium management services 2022
Mortgage Brokerage - Acting as an Intermediary Mortgage brokerage requirements when acting as an Intermediary 2022
Records - Mortgage Brokerage This bulletin explains the Real Estate Act and Rules related to record maintenance requirements 2022
Assistants - Condominium Management The responsibilities condominium manager licensees have to supervise assistants and the tasks assistants may perform and not perform. 2021
The Real Estate Act and Board Rules Reviews the relationship between the Real Estate Act, the Real Estate Act Rules and real estate association and board rules including listing database rules. 2021
Condition-free Offers This bulletin explains a licensees responsibility to ensure their clients are fully informed before they make a condition-free offer. 2021
Radon This bulletin describes the practice standards with respect to the detection, disclosure, and remediation of radon gas when trading in real estate or providing property management services. 2019
Brokerage - Occupational Health and Safety This bulletin highlights the requirements brokerages must meet under Alberta’s Occupational Health and Safety Act. 2019
Commissions-Payment from Trust 2019
Brokers - Delegation This bulletin explains when and how you may delegate, or assign, your responsibilities to another industry member. 2018
Education Code of Conduct This bulletin explains the conduct RECA expects of learners who enrol in RECA education programs. 2018
Prohibition - Fraudulent or Unlawful Activity This bulletin assists industry professionals to identify illegal and fraudulent activities and bring awareness to protect their integrity. 2018
Responsibilities and Prohibitions - Real Estate Brokerage This bulletin explains real estate brokerage responsibilities and prohibitions. 2018
Comply with Legislation To emphasize you must practice in accordance with the Real Estate Act, Regulations, Rules, Bylaws and any other laws that govern industry professionals. 2018
Cost of Credit Disclosure - Mortgage Brokerage To explain the cost of credit disclosure requirements and the responsibilities of mortgage broker professionals. 2018
Delivery of Documents - Mortgage Brokerage This bulletin explains the delivery of documents when you represent the lender. 2018
Disclose Cost of Services This bulletin explains why and when licensees must disclose to their clients how they will receive pay for their services. 2018
Financial Hardship - Options and Obligations This bulletin explains the obligations and options available when industry members and/or their businesses run into financial hardship. 2018
Mortgage Brokerage - File Review and Commission Payment Processes by Franchisor This bulletin explains the requirements when National Mortgage Broker Networks provide file review and commission payment services to Alberta mortgage brokerages. 2018
Incentives To help industry professionals understand brokerage incentives. Different from inducements. 2018
Mortgage Brokerage Relationship Options This bulletin explains the relationship options mortgage brokerages can have with borrowers and lenders and the requirement to clearly explain their role to borrowers and lenders. 2018

Service Agreements—Condominium Management

2022

The minimum content required in a service agreement and issues that relate to a service agreement being in force

Real Estate Act Rules s.43, 80.82, 80.87, 80.89, 110.24

Termination of Service Agreement—Condominium Management

2022

Service agreement termination requirements and the minimum steps that must be followed when a condominium management

Real Estate Act Rules s.110.29

Professional Ethics of Condominium Managers

2022

The professional and ethical obligations a condominium manager has to condominium corporations under management and to their condominium manager brokerage

Real Estate Act Rules s.41, 42, 44, 80.84, 80.86, 80.87, 80.88, 80.89

Exemptions to Condominium Manager Licensing

2022

When a licence is not required to provide condominium management services

Real Estate Act s.2(6)
Real Estate Act Exemption Regulation s.2(4), (5), (6)

Managing Condominium Corporation Funds

2022

Requirements that condominium managers must follow in handling and accounting for condominium corporation funds under their management

Real Estate Act Rules s.82–92 & 110.24–110.28
Condominium Property Act s.43
Condominium Property Regulation s.31.1, Schedule 2

Financial Reporting to Condominium Corporations

2022

Financial reporting requirements of condominium management brokerages to condominium corporations

Real Estate Act Rules s.110.23

Unlawful Instructions from Chair or Condominium Board

2022

Unlawful instructions by a condominium corporation Chair or board and how to respond

Real Estate Act Rules: s.80.84 (e) & (f), 80.88(b) & (h)

Complaints—Condominium Management

2022

Condominium related complaint issues and RECA's process for responding to complaints

Real Estate Act s.37, 38, 38.1, 39

Conflict of Interest Disclosure—Condominium Managers

2022

Common types of conflicts of interest that can arise in condominium management

Real Estate Act Rules s.80.82(1)(d)(e)(f), (2), (3); 80.87(1)(c), (3); 80.89(1), (2)

Condominium Management and Legislative Scope

2022

Obligations of a condominium manager to follow all applicable legislation when providing condominium management services

Real Estate Act
Real Estate Act Rules
Condominium Property Act (CPA)
Condominium Property Regulation
Bylaws specific to condominium corporations b

Mortgage Brokerage - Acting as an Intermediary

2022

Mortgage brokerage requirements when acting as an Intermediary

Real Estate Act Rules – section 41, s.43, s.44, s.65(c), s.71

Records - Mortgage Brokerage

2022

This bulletin explains the Real Estate Act and Rules related to record maintenance requirements

Real Estate Act s.1(1) (aa), 25(1), 25(9), 38(4.1), 74
Real Estate Act Rules s.13(2)(c), 13(4)(b), 44(1), (2), 67(1)(g)(i)(j), 69(c), 91, and 105(1), (2), (3)

Assistants - Condominium Management

2021

The responsibilities condominium manager licensees have to supervise assistants and the tasks assistants may perform and not perform.

The Real Estate Act and Board Rules

2021

Reviews the relationship between the Real Estate Act, the Real Estate Act Rules and real estate association and board rules including listing database rules.

  • Real Estate Act sections 5, s.12, s.17
  • Real Estate Act Rules – sections 41 to 63 inclusive

Condition-free Offers

2021

This bulletin explains a licensees responsibility to ensure their clients are fully informed before they make a condition-free offer.

• Real Estate Act Rules – section 41(b)(d)
• Real Estate Act Rules – section 53(c)(d)

Radon

2019

This bulletin describes the practice standards with respect to the detection, disclosure, and remediation of radon gas when trading in real estate or providing property management services.

  • Real Estate Act Rules, sections 1(1)(t), 41(b), 41(j), 57(i), 59(4)(e), 59.1(4)(b)(v)

Brokerage - Occupational Health and Safety

2019

This bulletin highlights the requirements brokerages must meet under Alberta’s Occupational Health and Safety Act.

Commissions-Payment from Trust

2019

Brokers - Delegation

2018

This bulletin explains when and how you may delegate, or assign, your responsibilities to another industry member.

  • Real Estate Act Rules – sections 52, s.68

Education Code of Conduct

2018

This bulletin explains the conduct RECA expects of learners who enrol in RECA education programs.

  • Real Estate Act Rules – Schedule 3 Education Code of Conduct
  • Real Estate Act Rules – Schedule 4 Education Code of Conduct for Learners: Compliance Process and R

Prohibition - Fraudulent or Unlawful Activity

2018

This bulletin assists industry professionals to identify illegal and fraudulent activities and bring awareness to protect their integrity.

  • Real Estate Act Rules – section 42(b)

Responsibilities and Prohibitions - Real Estate Brokerage

2018

This bulletin explains real estate brokerage responsibilities and prohibitions.

  • Real Estate Act Rules – sections 14(h), s.32, s.49, s.50
  • Part 3 Accounting, Records and Reporting Requirements

Comply with Legislation

2018

To emphasize you must practice in accordance with the Real Estate Act, Regulations, Rules, Bylaws and any other laws that govern industry professionals.

  • Real Estate Act Rules – section 41(g)

Cost of Credit Disclosure - Mortgage Brokerage

2018

To explain the cost of credit disclosure requirements and the responsibilities of mortgage broker professionals.

  • Real Estate Act Rules – s.71(1)(b), s.73(4), s.74(1)(a)
  • Consumer Protection Act
  • Consumer Protection Act Regulations
  • Cost of Credit

Delivery of Documents - Mortgage Brokerage

2018

This bulletin explains the delivery of documents when you represent the lender.

  • Real Estate Act Rules – sections 73(3) , s.74

Disclose Cost of Services

2018

This bulletin explains why and when licensees must disclose to their clients how they will receive pay for their services.

  • Real Estate Act sections 18(2) and 18(3)
  • Real Estate Act Rules section 41(c), s.43(1)(2)(b)(viii), s.44, s.45, s.56,
    s.65(c), s.70, s.71, s. 73(1)(2)(b)(viii)

Financial Hardship - Options and Obligations

2018

This bulletin explains the obligations and options available when industry members and/or their businesses run into financial hardship.

  • Real Estate Act Rules – sections 14(1)(m), 34(1)(e), 40(1)(e), 42(g)

Mortgage Brokerage - File Review and Commission Payment Processes by Franchisor

2018

This bulletin explains the requirements when National Mortgage Broker Networks provide file review and commission payment services to Alberta mortgage brokerages.

  • Real Estate Act Rules – section 70(1)(c)

Incentives

2018

To help industry professionals understand brokerage incentives. Different from inducements.

  • Real Estate Act Rules – sections 1(1)(o)(q), s. 54(1)(d), s.70(1)(d)

Mortgage Brokerage Relationship Options

2018

This bulletin explains the relationship options mortgage brokerages can have with borrowers and lenders and the requirement to clearly explain their role to borrowers and lenders.

  • Real Estate Act Rules – sections 41(e) and 65(c)(i)(ii)