RECA – Real-Estate Council of Alberta

Posted by Richard Moxley on May 15, 2009 · 1 Comment

Just like Doctors or Lawyers Mortgage Brokers are governed by RECA – Real-Estate Council of Alberta. This council is composed of twelve members, representing residential and commercial real estate, property management, mortgage brokers, real estate appraisers, and the public. RECA was established in 1996 as a non government and independent association. Their responsibilities include determining setting and enforcing standards of conduct and business practices for industry professionals, providing services that enhance and improve the industry, and administering the Real Estate Act, Bylaws, and Rules. Having a governing body make a lot of sense seeing as a Mortgage Broker we are a critical part in helping you in making probably one of your biggest investments in your life.

RECA has some great tools to help you protect yourself and make sure you are working with an industry professional that is in good standings. Any professional in the real-estate industry, if found doing anything illegal or unethical will be suspended and in most cases fined and not allowed to get re-licensed. The best part is that this is all public knowledge. They actually have a news letter called the Regulator that advertises if anyone was recently suspended.

Another very key tool that I suggest you use anytime that you are going to work with someone in the industry is to put their name in RECA’s website to get a current update on each persons status and who they are licensed with. I think many consumers don’t understand what RECA does and if more Albertans took advantage of the above motioned tools then we would see fewer victims of un professional Mortgage brokers, Realtors, and appraisers out there.

For more information visit www.mortgagebrokerrate.com

Filed under Check out these Videos · Tagged with Alberta Mortgage Broker, Real-Estate Council of Alberta, RECA

One Response to “RECA – Real-Estate Council of Alberta”

Trackbacks

Twitter Tweets about Real Estate Broker as of July 15, 2009

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!

You must be logged in to post a comment.

Featured Videos

Alberta takes 1st place in Mortgage Foreclosures

Everyone likes to come in First place but not when we are talking about Mortgage Foreclosures. This is making “Big News” and the hype is up on how we are leading Canada and that we are double what we were the last few years and I’ve heard other reports as high as 3,500 in foreclosure proceedings here in Alberta. By providing the highest quality of home mortgage Alberta, best mortgage rate Alberta, low mortgage rates Alberta mortgagebrokerrate.com can help you even when you cannot help yourself.

Most people give up when they get behind on payments, taxes, condo fees, or special assessment fees. Once they go into foreclosure and people get the notice most of them do everything they can to sell, refinance, or straighten things out. I know a condo complex that had almost 30 people go into foreclosure proceedings at the beginning of the year. Once they got the letter about being foreclosed on they cleared up and now months later there are only 2 people left. The 2^nd point is that foreclosure proceedings don’t necessarily mean they are going to be foreclosed on.

Please before everyone freaks out this is Canada not the U.S, we are very conservative. Even if there were 3,500 foreclosures with a population around 3.5 million we are at 1% on the population. Now I’m not saying foreclosures aren’t a big deal and it is a huge deal for those 2,500 – 3,500 going through one. Here is a link to another video and report that explains how you can avoid going through a foreclosure.

Digg Stumble Upon Del.icio.us Buzz

Check out these Videos

RECA – Real-Estate Council of Alberta

Trackbacks

Featured Videos

Alberta takes 1st place in Mortgage Foreclosures

Check out these Videos

Important Links