Under the RECA Rules, what allows a real estate associate to trade in real estate in Alberta?
Correct Answer
B) A licence from the Industry Council, while registered with a brokerage
Rule 6(2) provides that an associate licence issued by the relevant Industry Council, when registered to a brokerage, is the licence required under the Act to trade in real estate on behalf of that brokerage, and Rule 6(4) forbids trading until the individual is both licensed and registered. Rule 53 then requires the associate to trade only in the name on the licence and the name of the brokerage with which they are registered.
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