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Real Estate Council of Alberta
Alberta industry regulator for real estate, mortgage & appraiser associates.
Interests: Efficient and responsible self-regulation.
Recent Activity
It’s out there. You’ve read about it in the news. Maybe someone in your network of contacts has been directly affected. The WannaCry ransomware program began hitting computers worldwide on May 12. Ransomware is malicious software designed to block access to a computer system, often until the owners or users... Continue reading
Posted May 15, 2017 at RECA Blog
Law Day is this Saturday, April 22 at the Calgary Courts Centre, and the Real Estate Council of Alberta is participating for the third year in a row. Law Day is a national event that takes place every April, and serves as an opportunity for the public to learn about... Continue reading
Posted Apr 18, 2017 at RECA Blog
We’ve been talking about real estate and mortgage related fraud throughout Fraud Prevention Month – but do you know the role ID theft can play in both? Protecting your ID is an important part of protecting yourself from real estate and mortgage fraud, particularly a specific type of mortgage fraud... Continue reading
Posted Mar 27, 2017 at RECA Blog
March is Fraud Prevention month in Alberta, and the Real Estate Council of Alberta is participating once again! We want to encourage consumers to dig deeper when something seems fishy or too good to be true, and that starts with the right information. Each year during Fraud Prevention Month, RECA... Continue reading
Posted Mar 6, 2017 at RECA Blog
A few weeks ago, we circulated a communications survey to all licensees. We genuinely want to know how industry members feel about RECA communications, what we could be doing differently, what we should keep the same, and whether we’re providing the information industry members want. We’re still analyzing the responses,... Continue reading
Posted Jan 10, 2017 at RECA Blog
Television building contractors always remind their audience to hire reputable companies to do their renovations. They say one of the signs of a reputable company is a licence, insurance, and the fact you don’t pay for their work until the job is done. The same applies to other professionals, including... Continue reading
Posted Dec 8, 2016 at RECA Blog
Money laundering. The process of concealing the source of illegally-obtained funds, and then using the funds in legitimate financial transactions – thus “cleaning” the money. The financial scale of real estate transactions in Canada makes them a tempting cover for money laundering. A single real estate transaction could launder hundreds... Continue reading
Posted Nov 24, 2016 at RECA Blog
We all know how we feel after a late night enjoying one too many cocktails. It can leave you over-tired, nauseous, and even a little anxious. Now imagine feeling that way about one of the biggest financial decisions you’ll ever make: Buying a home. Over-extending yourself financially can leave you... Continue reading
Posted Nov 15, 2016 at RECA Blog
Imagine, you've worked hard and you've saved for a substantial down payment, your lender approved your mortgage at a great rate, you take possession in just a few days, and you're sitting down with your real estate lawyer to go over the final paperwork.... you can barely contain your excitement.... Continue reading
Posted Nov 10, 2016 at RECA Blog
You pre-qualified for a mortgage, you have a few bucks tucked away for a down payment, and you think you're ready to start life as a home owner. But are you? Did you take property tax into consideration for your monthly budget? Home insurance premiums? Did you know you might... Continue reading
Posted Nov 2, 2016 at RECA Blog
This logo is a seal of sorts; it affirms you’re licensed; that you’re part of a regulated profession. We know our industry professionals are not immune to online commenters who don’t know the education you have; who don’t know the robust requirements to enter the industry, nor the requirements that... Continue reading
Posted Oct 17, 2016 at RECA Blog
Is the market up? Is the market down? Is it balanced? What’s going on? Anyone can read stories in the news or check out the statistics provided by various real estate industry associations, but what does it all mean? What does it mean for a move-up buyer who just read... Continue reading
Posted Oct 6, 2016 at RECA Blog
On October 17, 2016 new federal mortgage financing rules come into effect, including a higher qualification rate, which will apply to all borrowers seeking insured mortgages. The federal government designed the changes as a “stress test” to ensure borrowers could continue to make their mortgage payments in the event interest... Continue reading
Posted Oct 4, 2016 at RECA Blog
RECA has extended the renewal period! Kidding. But if it were true, the only people who would find out right away would be industry professionals who keep their email address on file with RECA up-to-date. Email is the primary mode of communication between RECA and licensed professionals. We send the... Continue reading
Posted Sep 27, 2016 at RECA Blog
Would you believe I’ve found an article on a U.S.-based real estate appraisers website that makes the statement “measuring a home and counting rooms can be as clear as mud”? It’s true that even appraisers recognize how difficult it can be to get consistent property measurement. We know there are... Continue reading
Posted Aug 25, 2016 at RECA Blog
There are a variety of ways to define what it means to be professional, and no doubt much has been written on that very topic. As I looked into it this morning, I think one of the Merriam Webster dictionary definitions sums it up best for me: 1 c (1)... Continue reading
Posted Aug 9, 2016 at RECA Blog
A consistent residential measurement standard across Alberta means consumers can trust the accuracy of measurements in every corner of the province. As the governing body for real estate professionals, the Real Estate Council of Alberta (RECA) has the authority and responsibility to create a province-wide, mandatory standard for every licensed... Continue reading
Posted Jun 21, 2016 at RECA Blog
Imagine ACER Realty, a large Alberta brokerage, has indicated they are winding down and will be closing. What should the rest of the industry do with pending transactions that involve ACER? Do you continue to show your clients ACER listings? What about when your buyer client has deposits held in... Continue reading
Posted May 24, 2016 at RECA Blog
Short of the loss of life or limb, there is little more devastating to a couple, a family, or an individual than a natural disaster that causes the loss of personal property, especially when that property is a home or a business. Our thoughts are with the thousands of people... Continue reading
Posted May 9, 2016 at RECA Blog
Calgary, Alberta - As Alberta's economic situation remains uncertain, the Real Estate Council of Alberta (RECA) urges consumers facing foreclosure or who have a mortgage in arrears to be wary of individuals offering solutions that seem too good to be true. The Real Estate Council of Alberta (RECA) is the... Continue reading
Posted Apr 11, 2016 at RECA Blog