The Regulator newsletter is a quarterly publication for industry professionals, industry associations, the Government of Alberta, and all other interested stakeholders.
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It has been an extremely busy Spring and Summer at RECA, with numerous changes coming to the way the industry regulates itself. As the Administrator of RECA, I continue to…
IMPORTANT: As of the publication of the Regulator (September 17, 2020), no sections of Bill 20 have been proclaimed. Until they are, the current Real Estate Act remains in effect.…
The renewal period is now open for all real estate, mortgage, appraisers, and property management professionals. Renewal applications must be completed and submitted through myRECA by September 30, 2020. Brokers…
The Real Estate Council of Alberta (RECA) will begin regulating condominium managers in mid- to late- 2021. In preparation, RECA is preparing Standards of Practice for condominium managers, which includes…
The popular, without prejudice advisory services offered by RECA’s practice advisors is continuing under RECA’s Regulatory Compliance Advisors. Beginning in 2012, the practice advisors offered timely, practical, confidential, without prejudice advice…
When the average person thinks about buying and selling real estate, they think about viewing multiple houses to find the perfect fit or staging their current home to attract an…
Practice reviews conducted recently by RECA have uncovered an increasing number of instances where lender commitments have been signed by borrowers after the commitment date has expired. Industry professionals must…
A common question RECA gets from mortgage licensees is about who can advertise their services as a “mortgage broker.” This confusion is understandable given that there are two licence classes…
