In this issue read about new consultations for RMS and mortgage standards of practice, money laundering, practice tips, your renewal education requirements, and more…
Highlights include approval of RECA’s budget, approved consultations on mortgage rules and the RMS, and appointments to the Hearing Panel Roster.
RECA has opened a consultation on proposed modifications to the Residential Measurement Standard (RMS) based on feedback from previous consultations.
RECA has opened a new consultation about proposed changes to the Real Estate Act Rules regarding mortgage broker standards of practice. The consultation is based on industry trends, emerging issues, and industry feedback.
Money laundering is a global issue that recently caught our country’s sober attention. Last May, the B.C. government released a report about money laundering in real estate which found that $47 billion was laundered across Canada last year.
As the regulator of the real estate industry in Alberta, it is important that we keep industry professionals as up-to-date as possible on issues and decisions that impact professionals as well as members of the public.