Practice Courses

The Practice of Residential Real Estate program will assist you in meeting the regulatory requirements of a Residential real estate licensee in Alberta. This program will cover the fundamentals of Residential real estate and will prepare you to be practice-ready.

Role of the Residential Licensee
Establishing Client Relationships
Residential Property Types
Residential Building Construction
Sustainability
Residential Measurement Standards
Legal Land Descriptions
Municipal Land Use
Land Titles
Property Research
Residential Property & Grow-Ops

Rural Residential Consideration
Environmental Stewardship
Utilities & Services in Rural Estate Settings
Economics & Principles of Real Property Valuation
Appraisal & Comparative Market Analysis
Advising Sellers
Advising Buyers
Residential Real Estate Contracts
Offers, Negotiation & Counter-Offers
Managing Contracts

The Practice of Rural Real Estate program will assist you in meeting the regulatory requirements of a Rural real estate licensee in Alberta. This program will cover the fundamentals of Rural real estate and will prepare you to be practice-ready.

Introduction to Rural Real Estate
Locating Rural Properties
Municipal Land Use
Rural Land Use
Rural Living and Rural Municipalities
Factors Affecting Rural Properties: Soil
Factors Affecting Rural Properties: Water & Irrigation
Factors Affecting Rural Properties
Rural and Country Building Construction

Rural Building Construction: Service Systems, Interior Finishes, Permitting
Rural Sewage Disposal
Rural Property Research
Evaluating Rural and Farm Properties
Tax Considerations
Investment Calculation and Financing
Client Representation
Completing the Transaction
Rural Real Estate Purchase Contracts

The Alberta Real Estate Association (AREA) has developed the following Practice of Property Management program to assist you in meeting the regulatory requirements of a property management licensee in Alberta. This program will cover the fundamentals of property management and will prepare you to be practice-ready.

Fundamentals of Property Management
Acts, Regulations and Governing Bodies
Introduction to Contracts
Landlord and Tenant Obligations
Property Manager Conduct and Responsibilities
Assessing and Mitigating Risk
Budgeting and Financial Reporting
Research and Marketing
Property Measurement
Selecting and Managing Tenants
Communication and Collaboration
Preventing and Managing Conflict

Documents and Contracts
Offers, Counteroffers and Negotiation
Construction and Industry Standards
Environmental Stewardship and Energy Conservation
The Building Envelope
Interior Finishes and Building Systems
Building Maintenance and Operations
Hiring and Managing Third-Party Contractors
Rural Properties: Land Descriptions
Rural Properties: Utilities
Rural Properties: Environmental Stewardship

The Alberta Real Estate Association (AREA) has developed the following Practice of Commercial Real Estate program to assist you in meeting the regulatory requirements of a commercial licensee in Alberta. This program will cover the fundamentals of commercial real estate and will prepare you to be practice-ready.

Note: This course was designed based on the RECA required HP10bll+ calculator. It is recommended learners utilize the HP10bll+ calculator while completing the course. Alternatively, the HP10bII+ mobile calculator app can be utilized to produce the same results as the physical calculator; however, the keystrokes are different and not provided in the course.

Introduction to Commercial Real Estate and Financial Calculators
Managing Liability
Commercial Sectors
Landlord and Tenant Obligations
Land use - Environmental and Client-Related Considerations
The Commercial Brokerage
Commercial Property Evaluation
Commercial Leasing

Retail Leasing
Investment Real Estate
Time Value of Money (TVM)
Amortization of Loans and Mortgages
Financing Sources and Underwriting
Prospecting
Representation Agreements
The Transaction
Purchase Contracts and Considerations
Financial Calculation Practice Questions

The Alberta Real Estate Association (AREA) has developed the following Real Estate Broker Program to assist you in meeting the regulatory requirements of real estate brokers in Alberta. This program will cover the fundamentals of operating a real estate brokerage and will prepare you to become a broker.

Becoming a Broker
Establishing a Brokerage
Self-Regulation and RECA
Administrative Justice and Sanctions
Ethics
Overseeing Advertising
Brokerage Supervision
Records Management
Brokerage Privacy Requirements
Managing Client Expectations
Developing A Business Plan

FINTRAC
Service Agreements
Managing Finance and Mitigating Risk
Trust Account Procedures
Risk and Insurance
Financial Risk Management Concerns
Managing Personnel
Workplace Health and Safety
Engagement, Retention and Succession
Creating an Operational Plan
Leveraging Technology

Practice Courses

Next Steps To Becoming a Licensed REALTOR^® in Alberta

Complete the Fundamentals of Real Estate Course.

Pass RECA Exam.

Select your AREA practice course.

Fill out the intake form.

Check your email inbox for registration details.