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Provides for the creation of a real estate council to set and enforce standards of conduct for the real estate industry. Source: Real Estate Act There’re no views created for this resource yet.. The Alberta Real Estate Act. The Real Estate Act of Alberta is the primary legislation governing the real estate industry in the province. This act establishes the regulatory framework for real estate professionals, including real estate agents and brokers. Here are some essential aspects of the Alberta Real Estate Act: 1.

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The Real Estate Council of Alberta (RECA) is the independent governing authority that sets, regulates and enforces standards for residential real estate, commercial real estate, property management, condominium management, and mortgage brokerage professionals in Alberta. RECA derives its authority from the Real Estate Act.. The Real Estate Act of Alberta is the legislation governing residential real estate, commercial real estate, property management, condominium management, and mortgage brokerage licensees in Alberta. RECA administers the Act on behalf of the provincial government. Download the Real Estate Act, current as of November 16, 2022.