Becoming an Industry Professional

If you’re interested in joining the real estate industry in Alberta, you’ve come to the right place.

The real estate industry (the industry) includes mortgage brokerage, real estate appraisal, real estate brokerage, and property management.

As the province’s governing body for the industry, RECA provides the guidance, education, and licensing you need in order to become a licensed industry professional.

A career in the real estate industry can be dynamic and rewarding. It requires business acumen, interpersonal skills, and a strong work ethic.

If you think you have what it takes to join Alberta’s 16,000 real estate agents, mortgage brokers, property managers, and real estate appraisers, we have summarized what you need to know to become a licensed professional.

The Path to Becoming an Industry Professional

First, it’s important to learn about the industries RECA regulates and determine the one(s) that best align with your skillset and interests.

  • Mortgage brokerage
  • Real estate appraisal
  • Real estate brokerage (you can choose up to four practice areas, but we only require that you choose one)
    • Property management
    • Commercial
    • Residential
    • Rural

 

 

The fees to join the industry vary depending on which industry and practice area you select. RECA’s fees include all eligibility fees, required education courses, and licensing fees.

The total estimated cost to join the industry is $3,090 – $5,490.

Depending on your industry, and whether or not you wish to also join your trade association, there may also be association and brokerage fees. But these are not a requirement to become a licensed professional.

Once you have a licence with RECA, you must renew it annually. The annual renewal fee ranges from $475 to $650 depending on your industry, and is subject to change.

 

 

RECA has initial eligibility standards*. You must be:

  • at least 18 years of age
  • able to lawfully study and work in Canada
  • able to provide specific government-issued identification (ID)
  • have a minimum of Canadian high school education or equivalent
  • be proficient in the English language

*You must provide proof you meet these standards.

As a part of the licensing process, RECA also considers past criminal proceedings, regulatory proceedings, civil proceedings, and bankruptcies, among other things. We give applicants the option to undergo a “suitability review” early in the application process so RECA can consider these types of events that may prevent you from going further down the path to becoming a licensed professional.

 

 

Each industry has pre-licensing courses you must complete before applying for a licence. You have 18 months to complete the courses from the date you first enroll. You must score a minimum of 70% on exams to pass.

All education programs are through our online platform called myRECA. You will need to register for a myRECA account to access the education courses.

There may also be re-licensing educational requirements to maintain a licence in a specific practice area. We will let you know when these are required as they may not occur every year. We want to ensure industry professionals have the skills to competently serve the public.

 

 

Once you’ve completed the education, a licensed Alberta brokerage must hire you.

We encourage you to be choosy—every brokerage is different in size and level of supervision. It’s important to choose a brokerage that suits you best.

 

 

 

Once you’ve been hired by a brokerage, your broker must complete the licensing process with you. At this point we collect your licensing fees. When your licence status is “active” on your myRECA account, you are fully licensed, registered, and ready to work!

Every year you need to renew your licence by September 30.

Read more about getting your licence.

 

 



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