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Alberta Real Estate Association
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Practice Courses

At the Alberta Real Estate Association (AREA), we are dedicated to strengthening the real estate profession and supporting future REALTORS® in upholding the highest standards of practice. AREA provides educational tools to help prospective learners develop technical skills and achieve professional excellence. AREA is recognized by the Real Estate Council of Alberta (RECA), the real estate regulator, as a third-party course provider.

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.

Enroll Now

Practice Courses

Learn at your own pace. These courses can be taken at any time with no deadline or completion date.

Practice of Residential Real Estate

Cost: $400; Hours: 80

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 
Practice of Rural Real Estate

Cost: $400; Hours: 58

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 
Practice of Property Management - Updated as of August 28th, 2023, incorporating course updates based on valuable learner feedback and alignment with industry best practices and trends.
 

Cost: $400; Hours: 54

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
Practice of Commercial Real Estate

Cost: $400; Hours: 59

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
Real Estate Broker Program 

Cost: $400; Hours: 54

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 

Enroll Now

In Your AREA Podcast

A monthly, bite-sized podcast, all about things REALTORS® want to know.

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Alberta Real Estate Association Suite 217, 3332 20 Street SW Calgary, Alberta T2T 6T9
Toll Free: 1.800.661.0231 In Calgary: 1.403.228.6845
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Our membership work and live in Alberta, which we acknowledge as the traditional and ancestral lands of many peoples presently subject to Treaties 6, 7, and 8 – namely the Blackfoot Confederacy (Kainai, Piikani, and Siksika), the Cree, Dene, Saulteaux, Nakota Sioux, Stoney Nakoda and the Tsuu T’ina Nation, and the Métis People of Alberta. We recognize the many First Nations, Métis and Inuit who have cared for these lands for generations. We are grateful for the traditional Knowledge Keepers and Elders who are still with us today, and those who have gone before. We make this acknowledgement as an act of reconciliation and gratitude to those on whose territory we reside.
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