RECA UNIT 2-1 REAL ESTATE ACT 2-2 BROKER AUTHORIZATION Q&A

RECA UNIT 2-1 REAL ESTATE ACT 2-2
BROKER AUTHORIZATION Q&A
Exemption Regulation - Answer-on-site manager for residential property
licensed under Retail Home Sales Business Licensing Regulation
non-profit organization

authorization - Answer-licensed and registered

licensing - Answer-eligibility
suitability
actual decision

Authorization process - Answer-1. meet enrollment requirement
2. meet education requirement
3. request certified criminal record check
4. obtain employment with brokerage
5. RECA determine suitability
6. RECA issue authorization
7. Complete re-licensing education
8. Renew registration

REAP - Answer-real estate associated program

Authorization reinstallment - Answer-under one year:
1. complete Associate/Associate Broker Application for Registration and have broker
submit to RECA prior to I year
2. complete REP course

between 1 year to 36 months - Answer-1. complete Associate/Associate Borker
Application for Registration and have broker submit to RECA prior to 36 months
2. Submit CCRC to RECA
3. Complete REP course

more than 36 months - Answer-1. complete license education
2. meet other requirement as 1st time applicant

classes of license - Answer-brokerage
broker
associate broker
associate

associate - Answer-qualification of real estate associate
licensed as associate by council