Real estate associate program alberta

For detailed official information about REAP enrolment requirements, contact the regulatory authority below. Real estate associates and brokers who are registered by and in good standing with a regulatory organization elsewhere in Canada may be eligible for registration in Alberta if registered associates and brokers in the 2 jurisdictions have similar responsibilities and competencies. For more information, see What if I am already certified in another province or territory?

Real estate associates are independent business people who are employed by and work under the supervision of licensed real estate brokers. Real estate sales is a very competitive business and turnover in the first few years can be high. Experienced real estate associates with training in the real estate brokers program may advance to assist in brokerage management or, with more experience, may operate their own real estate brokerage.

Real estate associates may take the property management licensing course if they wish to specialize in this area. Real estate associates are part of the larger National Occupational Classification Real estate agents and salespersons. The employment outlook [pdf] in this occupation will be influenced by a wide variety of factors including:. In Alberta, the Real estate agents and salespersons occupational group is expected to have a below-average annual growth of 1.

In addition to job openings created by employment turnover, new positions are forecasted to be created within this occupational group each year. NOC groups often include several related occupations. Although there is labour market data for the larger NOC group, this occupation makes up only a part of that group. It means data for this occupation may be different than the data shown.

For example, only some of the new positions to be created will be for this occupation. It also applies to other data for the NOC group such as number of people employed. Employment turnover is expected to increase as members of the baby boom generation retire over the next few years.

Real estate associates are employed by brokerages. They work on a commission basis and must pay many of their expenses from their gross commissions. For example, real estate brokers may provide their associates with office space, supplies and clerical support on a fee-for-service basis. Earnings vary greatly from month to month and from one associate to another, as commission-based income is dependant on the volume of the transactions a real estate associate takes part in and also on the fluctuations in the real estate market.

Top selling associates earn most of the total earnings for all real estate associates. Survey Methodology. Survey Analysis. Swipe left and right to view all data. Scroll left and right to view all data. Wages and salaries do not include overtime hours, tips, benefits, profit shares, bonuses unrelated to production and other forms of compensation. Business, Finance and Real Estate. What You Need.

Real estate associates must be at least 18 years of age be proficient in English have a Canadian high school diploma or equivalent be a Canadian citizen or have a Permanent Resident card or work permit with no study restrictions successfully complete the Real Estate Associates Program REAP and any other mandatory pre-licensing courses submit a certified criminal record check to RECA secure employment with a real estate brokerage apply for licensing and registration with RECA through that brokerage.

Working in Alberta. Was this page useful? Practice exams are free for learners. Do not be misled by others offering practice exams. Using RECA practice exams means you are getting a practice exam from the actual exam provider. That said, some learners may seek the help of a tutor. Remember that seeking help from a tutor is not required to successfully complete RECA exams.

Individuals who breach or violate the Code of Conduct may be subject to the following consequences:. To avoid the consequences of breaking the Code of Conduct, learners should be vigilant when hiring tutoring services. Tutors should help you strengthen your knowledge of the subject area by clarifying concepts. The tutoring service that a learner chooses is discretionary and RECA is not responsible for any costs incurred. Learners have two attempts in total to write their respective exam.

Learners are responsible for paying the fee for each attempt. This course will provide you with the knowledge and skills that you will require to complete the Practice Courses.

Choose the Areas of Practice Courses that you wish to complete. Your Real Estate Career Path can take you in a variety of directions, and you can choose to become authorized in any or all of the areas of practice below:.

Residential B. Property Management C. Commercial D. Rural E.