Authors Posts by Charles Stevenson

Charles Stevenson

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“Ask Charles” is a monthly question and answer column by Charles Stevenson, Director of Professional Standards with the Real Estate Council of Alberta (RECA), www.reca.ca. RECA is the independent, non-government agency responsible for the regulation of Alberta’s real estate industry. We license, govern, and set the standards of practice for all real estate, mortgage brokerage, and real estate appraisal professionals in Alberta. To submit a question, email [email protected]

How Do I Know if a Career in Real Estate is Right for Me?

I’ve recently been laid-off from my job in Alberta’s oil and gas industry. How do I know if a career in real estate...

Ask Charles – October 2020

Article by Charles StevensonI’d like to buy a home and I can afford monthly payments, but I’m working on improving my credit—Is a...

When Trying to Purchase a Home, is a Seller Obligated to Acknowledge My Offer?

I recently submitted an offer to purchase on a home. I have not received any response to my offer. Is the seller obligated...

Is a Buyer Allowed to Approach a Seller Directly?

I put an offer on a house that had competing offers. I later learned that one of the other buyers approached the seller...

Is a Realtor Allowed to Hold Off On Presenting My Offer Until a Specific...

I’m in a time crunch and need to buy a property fast. I made an offer with a very short expiry date, but...

Can I Sell My Home Without Involving my Real Estate Brokerage after I Listed...

I listed my home for sale with a real estate brokerage, but I found a buyer through friends. Can I complete the sale...

Why Should I Include a Financing Condition When I’m Prequalified for a Mortgage?

My mortgage broker had me prequalified for a mortgage, but still says I should include a financing condition when submitting an offer to...

Are There Any Risks When Buying a Foreclosure?

I recently found a house listed at a price that seems too good to be true. I discovered the house is a court-ordered...

Is it True that a Contractor Doesn’t Have to Have a License for Property...

I heard that if someone calls themselves a “contractor,” they don’t need to have a licence to provide property management services. Is that...

Can My Real Estate Professional Selling My Home Also Represent the Buyer?

I’m selling my home, and the potential buyers also want to use my real estate professional to represent them. Is that allowed? Yes, that’s...

A Real Estate Professional Will Buy My House If It’s Not Sold in 90...

I saw an ad saying a real estate professional will buy my house if it’s not sold in 90 days. Should I be...
realtor

Is it True that There is a Standard Rate of Commission in Alberta?

My real estate professional told me there is a standard rate of commission in Alberta, is that true? It depends what they mean...