Conflict Of Interest? Selling A Family Members Property
Release Date: 05/14/2025
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...
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Conflict Of Interest? Selling A Family Members Property
Alberta Real Estate Tutor
When 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...
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A City Notice! Now What?!
Alberta Real Estate Tutor
Here's a short video taken from our school's exclusive zoom sessions where students can ask their burning questions. Just one of the benefits of choosing The Alberta Real Estate School! When a property owner receives a notice from the city—such as a weed notice, unsightly premises notice, or cleanup order—it is typically registered against the property, not the individual. This means the notice stays with the property, even if ownership changes. If the property is sold before the issue is resolved, the new owner becomes responsible for complying with the notice and any...
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Alberta Real Estate Transaction Explained Buyer to Key Handoff Step-by-Step!
Alberta Real Estate Tutor
Thinking of buying or selling a home in Alberta? In this video, we walk you through a complete real estate transaction—from mortgage pre-approval to key handoff! Whether you're a future homeowner, aspiring realtor, or mortgage professional, this real-world example will help you understand the roles of the buyer, seller, realtor, and mortgage broker. We'll cover: ✅ Getting pre-approved for a mortgage ✅ Working with a real estate professional ✅ Making an offer and negotiating terms ✅ The mortgage approval and underwriting process ✅ Conditions, home inspection, and appraisals ✅...
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Obeying Lawful Instruction
Alberta Real Estate Tutor
What is a lawful instruction? What is an unlawful instruction? As a realtor we need to understand the difference. It's our duty to our client that we obey their instructions. That being said, it's also our duty to understand what an unlawful instruction is. 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. 💯 We train tomorrow's top Real Estate Agents and Mortgage Associates in Alberta! 🔥 💻: www.albertarealestateschool.com 📞: 587-936-7779 #becomearealtor #albertarealestate...
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Finding A Brokerage For You
Alberta Real Estate Tutor
Let's talk about the search for a brokerage again. It really is an important topic as you need the right fit for you! 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. 💯 We train tomorrow's top Real Estate Agents and Mortgage Associates in Alberta! 🔥 💻: www.albertarealestateschool.com 📞: 587-936-7779 #realestateschool #realestate #becomearealtor #albertarealestate
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.
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. 💯
We train tomorrow's top Real Estate Agents and Mortgage Associates in Alberta! 🔥
💻: www.albertarealestateschool.com
📞: 587-936-7779