RECA 2026 REAL ESTATE COUNCIL OF
ALBERTA LICENSING EXAM PROPERTY LAW
AND REGULATIONS STUDY GUIDE
PACKAGE
◉ Who created the Real Estate Act?
Answer: The Alberta provincial legislature.
◉ What does the Real Estate Act govern?
Answer: Licensing, conduct, and discipline of real estate
professionals.
◉ Who enforces the Real Estate Act?
Answer: RECA enforces the Act but does not create it.
◉ What are the purposes of RECA?
Answer: To administer the Act, set and enforce standards,
investigate mortgage fraud, and protect consumers.
◉ Which activities require a RECA licence?
, Answer: Soliciting listings or property management contracts and
collecting borrower information for lenders.
◉ What is required to be authorized to trade in real estate?
Answer: A licence and a licence certificate.
◉ What does a licence certificate confirm?
Answer: Authorization under a brokerage.
◉ Which industries are regulated by RECA?
Answer: Real Estate, Mortgage Brokerage, Property Management,
and Condominium Management.
◉ What are the four licence classes?
Answer: Brokerage, Broker, Associate Broker, and Associate.
◉ When can the Executive Director refuse a licence?
Answer: If false information is provided, an unsatisfied judgment
exists, a lifetime withdrawal is approved, or the applicant lacks good
character.
◉ When can the Executive Director suspend or cancel a licence?
ALBERTA LICENSING EXAM PROPERTY LAW
AND REGULATIONS STUDY GUIDE
PACKAGE
◉ Who created the Real Estate Act?
Answer: The Alberta provincial legislature.
◉ What does the Real Estate Act govern?
Answer: Licensing, conduct, and discipline of real estate
professionals.
◉ Who enforces the Real Estate Act?
Answer: RECA enforces the Act but does not create it.
◉ What are the purposes of RECA?
Answer: To administer the Act, set and enforce standards,
investigate mortgage fraud, and protect consumers.
◉ Which activities require a RECA licence?
, Answer: Soliciting listings or property management contracts and
collecting borrower information for lenders.
◉ What is required to be authorized to trade in real estate?
Answer: A licence and a licence certificate.
◉ What does a licence certificate confirm?
Answer: Authorization under a brokerage.
◉ Which industries are regulated by RECA?
Answer: Real Estate, Mortgage Brokerage, Property Management,
and Condominium Management.
◉ What are the four licence classes?
Answer: Brokerage, Broker, Associate Broker, and Associate.
◉ When can the Executive Director refuse a licence?
Answer: If false information is provided, an unsatisfied judgment
exists, a lifetime withdrawal is approved, or the applicant lacks good
character.
◉ When can the Executive Director suspend or cancel a licence?
