Through the summer months, your AREA Advocacy team has been hard at work with a dedicated group of volunteers from across the Boards/Associations, participating in the Government of Alberta’s transition and implementation planning for the updated Real Estate Act. In the coming weeks, you will be hearing more about how you can get involved by running or voting in your relevant Industry Council(s). AREA CEO Brad Mitchell and CREB® CEO Alan Tennant, who is our representative on the government’s transition Steering Committee, will share more about what to expect as the updated Act comes into force.
Brad Mitchell assumed the role of CEO at the Alberta Real Estate Association in January 2018. Since that time, Brad has overseen the implementation of AREA’s 2018-2021 Strategic Plan, which has included further operational efficiencies and new programs, such as the growth of AREA Wireless and the launch of Pillar 9 in partnership with the local real estate boards. Brad has lead AREA in advocacy, building stronger relations with government, and establishing Alberta Government Liaison Days.
Alan Tennant has served as the President & CEO of the Calgary Real Estate Board since 2011. Alan has over 34 years of experience in real estate, serving in multiple leadership roles in the industry. Previously, as a 26 year career REALTOR® and former associate broker, he achieved recognition as a top producer at the local, national and international levels. Alan also serves as AREA's representative on the Government of Alberta’s transition Steering Committee.
Should you have any questions please forward them through email@example.com.
Click here to download the presentation slides.
Q: Are RECA staff currently following the existing act or the new act?A: They are currently following the existing act. The new act will come into effect upon proclamation later this year.
Q: Are we at risk of going down the same path as BC?A: The act has been passed in the legislature, so there is no risk of going down the same path as BC.
Q: Are the rules being rewritten?A: No rules are being rewritten right now. This will happen after the transition. Right now the focus is on sitting the new governing bodies. Rules will be the responsibility of the Industry Councils.
Q: A non-industry Chair? I trust this will be a person knowledgeable with the process.A: The Industry Councils will each be chaired by an industry representative; and the Chair of the overall RECA Board will be a public member appointed by the minister. The Industry Councils will make all the rules for industry – the RECA Board will only be responsible for coordinating the actions of the different Councils.
Q: Can RECA veto applicants to the Industry Councils?A: No and the elections will be administered by a third-party election provider.
Q: Who will be responsible for discipline?A: RECA hearing panels are ultimately responsible for discipline. They will be coordinated by the RECA Board with a requirement to have industry-specific members on each respective panel. Board and Council members will not be permitted to participate.
Q: Who will the registrar accountable to?A: The Registrar will be responsible to the Board.
Q: Will there be rural representation on the Industry Councils?A: This will be determined through the election process, but there will be a spot for agricultural real estate on the commercial Industry Council.
Q: Will we be able to ensure that standard form contracts are part of the education process?A: Yes. Industry Councils will be responsible for setting education standards.
Q: Are practice advisors being phased out?A: Yes. Any RECA service outside of regulation and licensing will be phased out.