The Regulator newsletter is a quarterly publication for licensees, industry associations, the Government of Alberta, and all other interested stakeholders.
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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…
Update on FINTRAC Compliance Activities During COVID-19 To assist in the elimination of money laundering and the financing of terrorist activities, real estate professionals are required by law to report…
My first message as Administrator was in February of this year, but it feels like it was a year ago. The beginning of February was a different reality, one where…
