Last Update: May 5, 2022
Home Seller's Guide
The Real Estate Council of Alberta (RECA) sets, regulates, and enforces standards for real estate, mortgage brokerage and property management licensees. We work in the public interest, we protect consumers, and we’re a source of neutral, independent information for consumers about Alberta’s real estate industry and working with its licensees.
Actived: 5 days ago
Working with a Real Estate Licensee Home Seller's Guide
(5 days ago) 1) An entire real estate brokerage can act as your agent. This is a common law agency relationship, where even if you’re only directly working with a single real estate licensee or team of licensees, your agency relationship is with the brokerage and every licensee in that brokerage. 2) An individual real estate licensee (or team of licensees
Home Seller’s Guide
(6 days ago) The Real Estate Council of Alberta (RECA) sets, regulates, and enforces standards for real estate, mortgage brokerage, property management, and real estate appraisal professionals. We work in the public interest, we protect consumers, and …
Considering Offers Home Seller's Guide
(4 days ago) While your real estate licensees’ role is to guide you through the offer process, familiarizing yourself with various aspects of offers will help. For example: Terms: A term is a detail in the purchase contract that the buyer and seller agree to. Common terms include: Possession date: the date on which the buyer will take possession of the
Finding a Licensee to Work With Home Seller's Guide
(1 days ago) Finding a Licensee to Work With. Once you’re ready to sell your home, your likely next step is to find a licensee to assist you. You want to find a real estate licensee you trust, who can answer your questions, help you set an appropriate listing price, market your property, guide you through the process, and help you successfully negotiate a sale.
Completing the Seller Representation Agreement (Listing
(Just Now) Your real estate licensee has tools and information to help set an appropriate price. One of these tools is a Comparative Market Analysis (CMA). In a CMA, real estate licensees use data about recently sold comparable properties to arrive at an appropriate listing price for your property.
Negotiations Home Seller's Guide
(8 days ago) Negotiate! You can accept or reject the buyer’s offer, make a counter offer, or ignore the offer completely. if you accept the offer and it’s unconditional, congratulations! You’ve sold your home. if you accept the offer and it contained conditions, the buyer’s real estate professional will work with their clients to satisfy and waive
Conflicts of Interest Home Seller's Guide
(7 days ago) your real estate licensee represents the buyer of your property. This is a conflict of interest because your real estate licensee has the same responsibility of undivided loyalty to both you and the buyer, and cannot act in the best interests of both you and their buyer client. Licensees have an obligation to avoid, and disclose any conflicts
Finalizing a Purchase and Preparing for Possession Home
(6 days ago) Your real estate licensee and your mortgage broker will need the name of your lawyer because they will provide some of the needed documents directly to your lawyer. At some point, likely just a few days before possession, you will need to meet with your lawyer.
What to Expect on Possession Day Home Seller's Guide
(8 days ago) What to Expect on Possession Day. Typically, possession occurs – and the buyer will get the keys – around noon on possession day. If the buyer included a pre-possession inspection as a term in their Offer to Purchase, your real estate licensee will …