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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. [1]
The Alberta Assessment Appeal Board: Created in 1956, this board heard appeals of property taxation disputes. The Provincial Planning Board: Created in 1963 as a successor to the Town and Rural Advisory Planning Board (Est. 1929), this board heard appeals related to municipal land use plans.
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 ]
Alberta Municipal Affairs is a ministry of the Executive Council of Alberta.Its major responsibilities include assisting municipalities in the provision of local government, administering the assessment of linear property in Alberta, administering a safety system for the construction and maintenance of buildings and equipment, and managing Alberta's network of municipal and library system boards.
A property manager may be a licensed real estate salesperson but generally they must be working under a licensed real estate broker. Most states have a public license check system online for anyone holding a real estate salesperson or real estate broker's license. [35]
A real estate license is an authorization issued by a government body to give agents and brokers the legal authority to represent a home seller or buyer in a real estate transaction. Real estate agents and real estate brokers are required to be licensed when conducting real estate transactions in the United States and in a small number of other ...
The word tax assessment is used in different ways, but often refers to a tax liability owed by a taxpayer. In the case of property, a tax assessment is an evaluation or an estimate of value that is typically performed by a tax assessor. The assessment leads to an "assessed value," which is a base number used in the calculation of the property tax.
The value of assessed property in Alberta was approximately $727 billion in 2011. [137] Most real property is assessed according to its market value. [136] The exceptions to market value assessment are farmland, railways, machinery and equipment and linear property, all of which is assessed by regulated rates. [138]
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