Alberta Real Estate Tutor

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...

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,...

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...

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...

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...

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...

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...

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...

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...

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%...