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The Real Estate Council of Alberta (RECA) regulates the real estate brokerage, mortgage brokerage, property management, and condo management industries in Alberta, Canada. RECA operates on behalf of the Government of Alberta under the authority of the Real Estate Act.
Real Estate Council of Alberta (RECA) Regulatory/Adjudicative Administers the Real Estate Act , regulates real estate and mortgage brokers, property managers, and appraisers; sets and enforces standards of conduct; licenses industry members, establishes education criteria, monitors industry member trust accounts, administers the Real Estate ...
A mortgage banker is tied to one financial institution, while a mortgage broker works independently of lenders. As a result, mortgage brokers can help you compare options from various lending ...
A mortgage broker can find the right lender for tricky situations: If your credit history or financials aren’t great or the property you’re buying is unusual, a broker can find a lender who ...
The Alberta Real Estate Association (AREA) represents 10,000+ real estate brokers and associates who are members of Alberta's 10 real estate boards. History [ edit ]
The nature and scope of a mortgage broker's activities vary with jurisdiction. For example, anyone offering mortgage brokerage in the United Kingdom is offering a regulated financial activity; the broker is responsible for ensuring the advice is appropriate for the borrowers' circumstances and is held financially liable if the advice is later shown to be defective.