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The Real Estate Council of Alberta (RECA) regulates the real estate brokerage, mortgage brokerage, property management, and condo management industries in Alberta, Canada. RECA operates on behalf of the Government of Alberta under the authority of the Real Estate Act. [1]
The Alberta Real Estate Association (AREA) represents 10,000+ real estate brokers and associates who are members of Alberta's 10 real estate boards. History [ edit ]
A real estate license is an authorization issued by a government body to give agents and brokers the legal authority to represent a home seller or buyer in a real estate transaction. Real estate agents and real estate brokers are required to be licensed when conducting real estate transactions in the United States and in a small number of other ...
A municipal district (MD) is the most common form of all rural municipality statuses used in the Canadian province of Alberta.Alberta's municipal districts, most of which are branded as a county (e.g. Yellowhead County, County of Newell, etc.), are predominantly rural areas that may include either farmland, Crown land or a combination of both depending on their geographic location.
Usually, the real estate appraiser has the opportunity to reach 3 levels of certification: Appraisal Trainee, Licensed Appraiser and Certified Appraiser. The second and third levels of license require no less than 2000 experience hours in 12 months and 2500 experience hours in no less than 24 months respectively.
The Special Areas Board is the governing body of Alberta's special areas. Special areas are designated rural municipalities similar to municipal districts; however, the elected advisory councils are overseen by four representatives appointed by the province, under the direct authority of Alberta Municipal Affairs. [4] [5]
Alberta has six specialized municipalities that had a cumulative population of 178,598 and an average population of 35,720 in the 2011 Census. [4] Alberta's largest and smallest specialized municipalities are the Strathcona County and the Municipality of Jasper with populations of 92,490 and 4,051 respectively. [4]
Alberta's largest city by population and land area is Calgary with 1,306,784 and 820.62 km 2 (316.84 sq mi), while Wetaskiwin is its smallest city by population with 12,594 and land area at 18.75 km 2 (7.24 sq mi). [3] Beaumont is Alberta's newest city; it became Alberta's 19th city on January 1, 2019. [15]