You've Passed Your RECA Exams | Now What? | What Do I Do Next? |
Release Date: 09/05/2024
Classes of Real Estate Licenses in Alberta Explained | RECA Exam Prep
Alberta Real Estate Tutor
Classes of Real Estate Licenses in Alberta Explained | RECA Exam Prep Can you hold more than one real estate license in Alberta? And what exactly does “class of license” mean? This is a commonly misunderstood topic on the Alberta real estate and mortgage licensing exams — and it shows up in tricky RECA-style questions. In this video, we break down: • The four classes of real estate licenses in Alberta: Brokerage, Broker, Associate Broker, and Associate • The three classes of mortgage licenses: Brokerage, Broker, and Associate • Why you can only hold one class of license at a time...
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What’s the difference between a CMA, a real estate appraisal, and an income analysis?
Alberta Real Estate Tutor
This is one of the most tested comparison questions on the Alberta real estate and mortgage licensing exams — and understanding the distinction is critical. In this video from The Alberta Real Estate School, we break down the differences clearly and simply: CMA (Comparative Market Analysis) • Prepared by a real estate professional • Used to help buyers write offers • Used to help sellers determine listing price • Based primarily on sold comparable properties • Cannot be used for lender or legal purposes A CMA is a pricing tool — not a formal valuation for financing or legal...
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Transaction Brokerage in Alberta: Do You Disclose a Second Offer?
Alberta Real Estate Tutor
Transaction Brokerage in Alberta: Do You Disclose a Second Offer? What happens if another offer comes in during transaction brokerage? This is a highly tested concept on the Alberta real estate licensing exam — and many students get it wrong. In this video from The Alberta Real Estate School, we explain how disclosure works when you are acting in transaction brokerage and a second offer is received. Here’s what you need to know: • In transaction brokerage, you remain neutral between the buyer and seller • If another offer is received, you disclose it to the seller only •...
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RMS Measurements & Sloped Ceilings Explained | Alberta Real Estate Exam Prep How do sloped ceilings affect RMS measurements in Alberta?
Alberta Real Estate Tutor
RMS Measurements & Sloped Ceilings Explained | Alberta Real Estate Exam Prep How do sloped ceilings affect RMS measurements in Alberta? This is a highly tested measurement concept on the Alberta real estate licensing exam — and it can be confusing if you don’t understand the two-step rule. In this video from The Alberta Real Estate School, we break down RMS height requirements clearly and simply. Here’s what you must remember: Step 1: The 7-Foot Rule To include any space in Residential Measurement Standard (RMS) calculations, there must be at least 7 feet of ceiling height somewhere...
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Can You Add Conditions After an Offer Is Accepted? | Alberta Real Estate Exam Prep
Alberta Real Estate Tutor
Can you add conditions after an offer has already been accepted? This is one of the most common questions students ask when preparing for the Alberta real estate licensing exam. In this short training video from The Alberta Real Estate School, we break down exactly what happens once an offer is accepted — and whether new conditions can legally be added afterward. Here’s the key principle: Once an offer is accepted, you cannot simply add new conditions. However, additional terms may be introduced through an addendum — but only if both parties agree. If one party does not consent, the...
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If There’s No Buyer’s Agent, Does the Seller Save on Commission? 💰🏡 | Alberta Real Estate Explained
Alberta Real Estate Tutor
If There’s No Buyer’s Agent, Does the Seller Save on Commission? 💰🏡 | Alberta Real Estate Explained In this Q&A session, Raman explains what really happens when a buyer comes without an agent — and whether the seller actually saves on commission. Here’s what you’ll learn in this video: 🤝 How Commissions Work: • Typically, the seller agrees to pay a total commission, which is then split between the listing (seller’s) agent and the buyer’s agent. 📄 When There’s No Buyer’s Agent: • The seller’s agent ends up doing extra work — writing the offer,...
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Broker Delegation of Responsibilities | How Brokers Can Delegate Tasks in Alberta
Alberta Real Estate Tutor
Broker Delegation of Responsibilities 🏢 | How Brokers Can Delegate Tasks in Alberta In this Q&A session, Raman explains how broker delegation works in Alberta real estate brokerages — an important concept for both brokers and associates to understand. Here’s what you’ll learn in this video: 🧑‍💼 When Delegation Happens: • A broker may delegate responsibilities if they’re away on vacation, out of office, or unable to manage day-to-day operations temporarily. 🏡 Who Can Be Delegated: • The person must be licensed within the same brokerage. • They can be an...
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How Do You Access MLS in Canada? 🏡 | Realtor.ca vs. Licensed MLS Access
Alberta Real Estate Tutor
How Do You Access MLS in Canada? 🏡 | Realtor.ca vs. Licensed MLS Access In this Q&A session, Raman clears up a common confusion about MLS® access. Here’s what you’ll learn in this video: 🔍 Public Access: • Anyone can search for properties through realtor.ca, Canada’s public-facing platform that displays active MLS listings. • This is different from having direct MLS access as a licensed REALTOR®. 🏡 Licensed Agent Access: • Full MLS access is only available to licensed real estate professionals who are members of their local real estate board. • Agents get...
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Investing Condo Fees… Where Does the Interest Go? 🏢💰 | Alberta Condo Reserve Funds Explained
Alberta Real Estate Tutor
Investing Condo Fees… Where Does the Interest Go? 🏢💰 | Alberta Condo Reserve Funds Explained In this Q&A session, Raman answers a question many condo owners — and future REALTORS® — have: when condo fees are invested and earn interest, where does that money go? Here’s what you’ll learn in this video: 🏦 How It Works: • Condo corporations often invest the money collected through condo fees. • Any interest earned goes directly into the reserve fund — not to the corporation or unit owners. 💰 Why It Matters: • The reserve fund is used for major repairs and...
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Who Likes Condominiums? 🏢 | Why Seniors and Young Buyers Choose Condos in Alberta
Alberta Real Estate Tutor
Who Likes Condominiums? 🏢 | Why Seniors and Young Buyers Choose Condos in Alberta In this Q&A session, Raman explains why condominiums appeal to different groups of buyers, from seniors to young professionals and first-time homeowners. Here’s what you’ll learn in this video: 👵 Seniors & Retirees: • Condos offer low-maintenance living — no lawn mowing, no snow shoveling, and no major repair responsibilities. • Many senior-focused condominiums have age restrictions (e.g., 55+ or 60+) and offer amenities like nurse visits or community activities. 👩‍💻 Young Buyers...
info_outlineYou've Passed Your RECA Exams | Now What? | What Do I Do Next? | #realestateeducation #realestate
You've officially passed you RECA exams. Congratulations! But what now? Did you know that the clock to find a brokerage officially starts ticking once you've become licensed?
This concept and others are explored in this video as Raman explains what's required of you during this exciting time.
Start your career in Real Estate today! Our courses equip you with the skills needed to pass your licensing exam in Alberta. Link in the comments. đź’Ż
We train tomorrow's top Real Estate Agents and Mortgage Associates in Alberta! 🔥
đź’»: www.albertarealestateschool.com
đź“ž: 587-936-7779