Conflict Of Interest? Selling A Family Members Property
Release Date: 05/14/2025
24-Hour Walkthrough: Term or Condition? Don’t Risk Killing the Deal!
Alberta Real Estate Tutor
Should you write the 24-hour walkthrough as a term or a condition in your real estate contract? 🤔 In this video, we break down one of the trickiest exam (and real-life!) questions Alberta real estate students face — and explain why getting it wrong could kill your deal. 💡 You’ll learn: The key difference between a term and a condition Why a 24-hour walkthrough should be a term How conditions work — and why missing a waiver deadline matters Whether you're preparing for the RECA exam or getting ready for your first transaction, this is a must-know! 👉 Subscribe for more exam...
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What To Expect On Your Practice Of Residential Real Estate Exam (Alberta)
Alberta Real Estate Tutor
What To Expect On Your Practice Of Residential Real Estate Exam (Alberta) Want to become a licensed residential real estate professional in Alberta? This video walks you through the Practice of Residential Real Estate Exam, so you know exactly what to expect. ✔️ Format and structure of the exam ✔️ What topics to study ✔️ Time limits and scoring ✔️ Real-world tips to prepare ✔️ What to bring on exam day ✔️ What’s next after passing 📌 Subscribe for more tips on succeeding in Alberta’s residential real estate industry. 📩 Got questions? Ask away in the...
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What To Expect On Your Practice Of Property Management Exam (Alberta)
Alberta Real Estate Tutor
What To Expect On Your Practice Of Property Management Exam (Alberta) Interested in managing residential or commercial properties in Alberta? This video explains everything you need to know before taking the Practice of Property Management Exam. ✔️ Structure of the exam ✔️ Key focus areas and competencies ✔️ How long you’ll have ✔️ Study and prep tips ✔️ What exam day looks like ✔️ Your next steps after passing 📌 Subscribe to stay informed as you start your career in property management. 📩 Drop any questions in the comments—we’re happy...
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What To Expect On Your Practice Of Mortgage Brokerage Exam
Alberta Real Estate Tutor
What To Expect On Your Practice Of Mortgage Brokerage Exam Ready to become a licensed mortgage associate? This video outlines what to expect when taking the Practice of Mortgage Brokerage Exam in Alberta. Learn how to prepare smart and pass with confidence. Detailed breakdown of the exam Topics and competencies tested How long the exam takes Prep strategies that work What to expect on exam day Licensing steps after the exam Subscribe for real-world advice on building your mortgage career in Alberta. Let us know your questions in the comments! ...
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What To Expect On Your Practice Of Commercial Real Estate Exam
Alberta Real Estate Tutor
What To Expect On Your Practice Of Commercial Real Estate Exam (Alberta) Aiming for your commercial real estate license in Alberta? In this video, we guide you through what to expect when taking the Practice of Commercial Real Estate Exam, including tips for mastering key content. ✔️ What topics are tested ✔️ How the exam is set up ✔️ Study tips specific to commercial real estate ✔️ What exam day looks like ✔️ Common pitfalls to avoid ✔️ What happens next after passing 📌 Subscribe for the latest tips on building your commercial real estate career...
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Trustees...How Does It Work?
Alberta Real Estate Tutor
Setting up a trust for real estate is a way to manage property ownership and ensure a smooth transfer of assets. A trust allows the property to be held and managed by a trustee for the benefit of designated beneficiaries, often used in estate planning to avoid probate, maintain privacy, or manage assets for minors or dependents. A will also plays a key role in real estate planning. It names an executor, who is responsible for managing the estate, including selling or transferring real property according to the deceased’s wishes. If there is no will, the estate goes through probate, and the...
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Types Of Misrepresentation | Reckless and Negligent
Alberta Real Estate Tutor
In Alberta, negligent and reckless misrepresentation involve providing false or misleading information during a real estate or mortgage transaction, but they differ in the degree of carelessness. Negligent misrepresentation occurs when a professional gives incorrect information while believing it to be true, but fails to exercise reasonable care to verify its accuracy. Reckless misrepresentation is more serious. It happens when a professional makes a statement without bothering to verify it at all, showing a complete disregard for whether it’s true or false. Both can...
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What To Expect On Your Fundamentals Of Mortgage Brokerage Exam
Alberta Real Estate Tutor
Thinking of Becoming a Mortgage Broker in Alberta? Here's What to Expect on the Exam! In this video, we break down everything you need to know before taking the Fundamentals of Mortgage Brokerage Exam in Alberta. Whether you're just starting your journey or about to schedule your test, we cover key points to help you feel confident and prepared. ✔️ Exam format and time limit ✔️ Types of questions and how they're scored ✔️ Study tips and resources ✔️ What to bring on exam day ✔️ How to avoid common mistakes ✔️ What happens after you pass This is your...
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Pulling The Title? When and Where
Alberta Real Estate Tutor
Pulling a property title is an important step in representing both buyer and seller clients. For a seller, the title should be pulled early in the listing process to confirm ownership, identify any registered encumbrances, and ensure accurate property details. For a buyer, the title is typically pulled only when the client is ready to make an offer. This ensures the information is current and allows the buyer to review any liens, easements, or caveats that may affect their decision or conditions in the offer. Regular title checks are not necessary unless there's a specific concern or delay in...
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Industrial Parks Why Do They Exist
Alberta Real Estate Tutor
Industrial parks are specially designated areas within a city planned for industrial and manufacturing activities. Municipalities create industrial parks to organize land use, support economic development, and separate heavy or noisy activities from residential and commercial areas. Typical land uses in industrial parks include warehousing, manufacturing, logistics, distribution centers, and utility services. These parks are often located near major highways, rail lines, or ports to support transportation needs. Cities often include a buffer zone—such as green space, fencing, or...
info_outlineWhen a REALTOR® is selling the property of a loved one—such as a spouse, parent, or close relative—they must disclose this relationship to all parties involved in the transaction. This is because it creates a potential conflict of interest.
Full disclosure ensures transparency and maintains public trust in the real estate process. Under the Real Estate Act Rules in Alberta, the REALTOR® must inform both their brokerage and any prospective buyers (or their agents) that they have a personal interest in the property. This disclosure must be made in writing and as early as possible in the transaction.
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