What type of real estate licence is required to trade in commercial real estate in Alberta?
Correct Answer
C) A commercial sector licence, after Fundamentals and the commercial practice course
Section 17 of the Real Estate Act prohibits trading in real estate as a real estate broker without the appropriate licence issued by the relevant Industry Council. RECA explains that Alberta's real estate industry has four sectors (residential, commercial, property management and rural), each with its own education and licensing: a commercial licensee completes the Fundamentals of Real Estate, the Practice of Commercial Real Estate course and the pre-licensing exam.
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