Joining a Cloud Brokerage as a New Realtor 🏡☁️ | What to Consider Before You Decide
Alberta Real Estate Tutor
Joining a Cloud Brokerage as a New Realtor 🏡☁️ | What to Consider Before You Decide In this Q&A session, Raman shares an honest and practical perspective on what new REALTORS® should think about before joining a cloud brokerage. Here’s what you’ll learn in this video: 🤝 Mentorship Matters — As a new agent, you’ll likely need more hands-on support. Joining a cloud brokerage where your mentor is in another city can be challenging. 🏡 Experience Counts — Learning from someone who has closed many deals can accelerate your growth — but joining someone who’s...
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Do You Need an ESA Every Time for a Rural Property? 🌾🏡 | Environmental Site Assessment Explained
Alberta Real Estate Tutor
Do You Need an ESA Every Time for a Rural Property? 🌾🏡 | Environmental Site Assessment Explained In this short Q&A session, Raman answers a common financing question: 👉 Do lenders require an Environmental Site Assessment (ESA) every time for a rural property? Here’s what you’ll learn: 🏡 ESA Requirements Depend on the Lender — Not every transaction requires a brand-new ESA. 📅 Age of the Report Matters — Lenders may accept a recent ESA (e.g., done within 2 years), but older reports (e.g., 10 years) usually aren’t accepted. 🌿 Why It’s Important — Rural...
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Can a Mortgage Insurer Come After A Person Who Defaulted
Alberta Real Estate Tutor
Can a Mortgage Insurer Come After You if You Default? | CMHC Explained In this Q&A session, Raman clears up a big misconception about mortgage default insurance in Canada. Many people believe that once CMHC or another insurer pays the lender, the borrower is off the hook — but that’s not always true. Here’s what you’ll learn in this video: What Happens After Default: If a buyer defaults, CMHC pays the lender the loss. Recovery Rights: The insurer can still come after the borrower to recover that loss. Why Insurance Doesn’t Mean “Free Pass”: Just like...
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Mortgage Insurance in Canada - CMHC, High-Ratio Mortgages & First Time Buyers
Alberta Real Estate Tutor
Getting to the Bottom of Mortgage Insurance in Canada 🏡 | CMHC, High-Ratio Mortgages & First-Time Buyers In this Q&A session, Raman breaks down one of the most misunderstood topics in Canadian real estate — mortgage default insurance (a.k.a. CMHC insurance). Here’s what you’ll learn in this video: 🏦 When Mortgage Insurance Is Required — Anytime a buyer puts less than 20% down, lenders require default insurance. 🧾 Why It Exists — Protects lenders if the buyer defaults on their loan, ensuring they’re not left with a loss if the market drops. 👩💼 Even with 20%...
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Does Renting a Room Make Your Property a Rental Property in Alberta? 🏡
Alberta Real Estate Tutor
Does Renting a Room Make Your Property a Rental Property in Alberta? 🏡 💬 In this Q&A clip, Raman explains an important legal distinction in Alberta real estate — whether renting out a room in your home makes it a rental property. Here’s what you’ll learn in this session: 🏠 Owner-Occupied Rentals: • If you live in the property and rent out a room, it’s not typically considered a full rental property. • You remain on-site, managing and maintaining the home directly. 🏢 Non-Owner-Occupied Rentals: • If you’re renting out multiple rooms and do not live on the...
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Why We Pull the Title and Historical Title in Alberta Real Estate 🏡 | Must-Know for REALTORS®
Alberta Real Estate Tutor
Why We Pull the Title and Historical Title in Alberta Real Estate 🏡 | Must-Know for REALTORS® In this Q&A clip, Raman explains why real estate professionals in Alberta should pull both the current title and the historical title when working with a property. Here’s what you’ll learn in this session: 📄 Current Title Search — Confirms the legal owner, outstanding liens, mortgages, encumbrances, property tax issues, and other registered interests. 🏠 Historical Title Search — Reveals past issues that may no longer be listed on the current title, such as: • Previous...
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Is a Mobile Home a Condominium in Alberta 🏡 Key Differences Explained
Alberta Real Estate Tutor
Is a Mobile Home a Condominium in Alberta? 🏡 | Key Differences Explained In this short Q&A clip, Raman explains why a mobile home is not considered a condominium under Alberta real estate law — and how ownership works differently. Here’s what you’ll learn in this session: 🏠 A mobile home park is typically owned by an investor or single owner. 📍 Each site is leased to the mobile home owner — meaning they own the home but not the land. 📝 The entire park sits on one land title, unlike condominiums which are divided into multiple individually owned units. 🚚 Because...
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Condo Classifications in Alberta | Conventional, Bare-Land, Bare-Land Built-Out & Barely Blended 🏢🏡
Alberta Real Estate Tutor
Condo Classifications in Alberta | Conventional, Bare-Land, Bare-Land Built-Out & Barely Blended 🏢🏡 In this Q&A session, Raman breaks down the four main types of condo classifications in Alberta real estate and how they work in practice. Here’s what you’ll learn in this clip: 🏢 Conventional Condos — Unit boundaries defined by walls, floors, and ceilings. 🌿 Bare-Land Condos — Ownership of land parcels, often used in recreational developments. 🏡 Bare-Land Built-Out — A hybrid of land ownership and detached single-family homes with condo corporation-managed common...
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Low Co-operating Commission in Real Estate | How to Handle It as a Buyer’s Agent 💼🏡
Alberta Real Estate Tutor
Low Co-operating Commission in Real Estate | How to Handle It as a Buyer’s Agent 💼🏡 In this Q&A clip, Raman breaks down a very real scenario many REALTORS® face in Alberta — when the co-operating commission offered by the seller is lower than the fee agreed to with the buyer. Here’s what you’ll learn in this session: 💰 What happens when the seller is paying less than your agreed-upon fee. 🤝 How to have a professional fee conversation with your buyer. 🚫 Why you’re not obligated to work for a lower commission. 📝 Options to address the gap — buyer top-up, moving...
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Transferring the Land Title in Alberta | Costs, Taxes & Legal Steps Explained 🏡
Alberta Real Estate Tutor
Transferring the Land Title in Alberta | Costs, Taxes & Legal Steps Explained 🏡 In this Q&A excerpt, Raman explains what happens when you transfer the land title of a property in Alberta — whether it’s between family members, partners, or other ownership changes. Here’s what’s covered in this quick session: 💰 Capital Gains Consideration — If the property value has increased since purchase, you may need to pay capital gains tax on 50% of that profit. 🏦 Mortgage Perspective — If there’s a mortgage, you’ll need to re-qualify or deal with possible penalties. 📜...
info_outlineAs a mortgage broker, how well do you understand the appraisal process?
It’s not just a formality — a low appraisal can kill a deal or reduce the mortgage amount your client qualifies for.
In this video, we cover:
What an appraisal actually is (and who orders it)
What happens when the appraisal comes in lower than the purchase price
The difference between lender-ordered vs. client-ordered appraisals
Why understanding appraisals is critical to protect your clients and keep deals on track
💡 Whether you’re preparing for your RECA mortgage exam or just starting your career, this knowledge is essential.
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