Alberta Real Estate Licensing Exam Practice · Question
What is the primary function of the Real Estate Council of Alberta (RECA)?
RECA is the independent, non-government organization responsible for regulating the real estate industry in Alberta. Its mandate, outlined in the Real Estate Ac
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Question: What is the primary function of the Real Estate Council of Alberta (RECA)?
Answer options:
- To buy and sell real estate properties on behalf of consumers.
- To set interest rates for mortgages in Alberta. ✅ To license, govern, and discipline real estate professionals in Alberta.
- To provide property appraisals and market analysis reports.
Correct answer: To license, govern, and discipline real estate professionals in Alberta.
Explanation: RECA is the independent, non-government organization responsible for regulating the real estate industry in Alberta. Its mandate, outlined in the Real Estate Act, is to protect consumers and provide services that enhance the industry's integrity.
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