In Alberta, the Real Estate Council of Alberta (RECA) regulates real estate professionals, including those offering consulting services, to ensure compliance with established standards and legal requirements.
Under the Real Estate Act, individuals must hold a valid license to engage in real estate activities such as trading in real estate, acting as a broker, managing properties, or advertising themselves as professionals in these fields. Performing these activities without proper licensing is strictly prohibited.
Licensed professionals are required to adhere to high standards of conduct, including acting honestly, providing competent services, disclosing conflicts of interest, and complying with the Real Estate Act, its regulations, rules, and bylaws, as well as other applicable laws. These expectations ensure that professionals operate with integrity and professionalism, protecting public interest.
To enforce these standards, RECA investigates complaints and takes disciplinary actions when necessary. This may involve conducting thorough investigations, holding formal hearings, and imposing sanctions on those who fail to comply with regulations. By maintaining these regulatory measures, RECA ensures that real estate consultants in Alberta provide ethical, competent, and reliable services.
