Alberta Real Estate Tutor

Alberta Real Estate Tutor

How to Use Active Listings in a CMA | Alberta Real Estate Exam Prep When preparing a Comparative Market Analysis (CMA), should you use only sold properties — or do active listings matter too? This is a very common Alberta real estate exam question, and it’s also a real-world conversation you will constantly have with sellers. In this video from The Alberta Real Estate School, we break down: • Why SOLD properties are the foundation of a CMA • Why ACTIVE listings still matter when setting a listing price • How the Principle of Substitution impacts pricing strategy • Why overpriced...

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...

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...

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 •...

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...

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...