What legislation governs the licensing and regulation of real estate professionals in Alberta?
Correct Answer
B) The Real Estate Act
The Real Estate Act is the provincial legislation that establishes the regulatory framework for real estate professionals in Alberta. It creates the Real Estate Council of Alberta (RECA) as the regulatory body and sets out licensing requirements, professional standards, and disciplinary processes.
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- → In Ontario, when must interest earned on deposits held in trust be paid to the client?
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