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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.
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 ]
Administers the Real Estate Act, regulates real estate and mortgage brokers, property managers, and appraisers; sets and enforces standards of conduct; licenses industry members, establishes education criteria, monitors industry member trust accounts, administers the Real Estate Assurance Fund, and investigates and enforces complaints.
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 many other countries.
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Flat-fee real estate agents charge a seller of a property a flat fee, $500 for example, [11] as opposed to a traditional or full-service real estate agent who charges a percentage of the sale price. In exchange, the seller's property will appear in the multiple listing service (MLS), but the seller will represent him or herself when showing the ...
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