Real Estate Industry Members
In Alberta, real estate professionals, mortgage brokers, property managers, and real estate appraisers are governed by the Alberta Real Estate Act
and regulated by the Real Estate Council of Alberta
What is a Real Estate Associate?
Real estate associates (sometimes called real estate agents) are licensed by the Real Estate Council of Alberta to practice real estate within the borders of the province. Licensed as real estate associates, associate brokers, or brokers, they work on behalf of buyers and sellers, providing professional, consultative advice and services to help achieve a real estate transaction.
Only real estate practitioners who belong to a local real estate board, the Alberta Real Estate Association and the Canadian Real Estate Association have the privilege of calling themselves REALTORS®. REALTORS® are required to uphold the rules and regulations of the Canadian Real Estate Association, including a REALTOR® Code of Ethics and Standards of Business Practice. The vast majority of real estate practitioners choose to be REALTORS®.
Learn more about becoming licensed as a real estate associate here
What is a Mortgage Broker?
Mortgage brokers facilitate transactions between mortgage borrowers and lenders. They are responsible for providing paper work between the parties and generally streamlining the process of creating a mortgage. It is important to note that a mortgage broker neither originates nor provides funds for a loan. If the mortgage broker is unaffiliated with the lender, he/she may negotiate on behalf of the borrower for better terms. In any case, the mortgage broker receives a fee from the lender for locating the borrower and bringing him/her to the lender.
Learn more about mortgage brokers, including how to find one and how to become licensed as a mortgage broker here
What is a Property Manager?
Property managers are individuals who are charged with operating a real estate property for a fee. The duties of a property manager can include dealing with tenants, repairs, cleaning and general maintenance of a property. These duties can involve a single property or multiple properties. Learn more about property management, including finding a property manager here.
To learn more about becoming licensed as a property manager, visit www.reca.ca.
What is a Real Estate Appraiser?