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About this course

Practice of Residential Real Estate Course Overview

The Practice of Residential Real Estate course is designed to provide aspiring real estate professionals with the practical knowledge and skills required to navigate the residential real estate market in Alberta. This course is delivered in an online, self-paced format, allowing flexibility for learners to study at their own pace. By completing this course, students will gain a deeper understanding of the various aspects of residential real estate transactions, from working with clients to valuing properties and securing financing.

Topics Covered

1. Understanding Residential Real Estate Clients
   Learn the best practices for building and managing relationships with buyers, sellers, and other parties involved in residential real estate transactions.
2. Understanding Residential Property Features
   Gain knowledge of the characteristics and functions of residential properties, including key features that influence their value.
3. Legal Awareness and Concerns
   Study the key legal aspects of residential real estate, including contracts, disclosures, and regulations that impact real estate transactions. Understand how to identify and address potential defects or hazards in residential properties, ensuring a safe and transparent transaction for all parties.
4. Measurement Standards and the RMS (Residential Measurement Standard)
   Learn how to accurately measure residential properties and understand the importance of adhering to the Residential Measurement Standard (RMS) for consistent and accurate listings.
5. Property Ownership and Valuation
   Explore the various forms of property ownership and the necessary documentation for real estate transactions, including title deeds and legal descriptions. Develop the skills to assess market trends and value properties accurately through market analysis and property valuation techniques.
6. Mortgage Basics
   Gain a foundational understanding of mortgage financing, lender requirements, and practical financing considerations
7. Introduction to Rural Residential Real Estate
   Learn about the unique aspects of rural residential properties, including their valuation, market conditions, and considerations for buyers and sellers in rural areas.
8. Buying and Selling Residential Properties
   Gain hands-on knowledge of the processes involved in buying and selling residential properties, from listing and marketing to negotiating and closing deals.

Course Summary

• Course Length: Approximately 70 hours of self-paced online learning.
• Complementary Question Bank: Practice test question bank at the end of each unit, plus mock test over 500 questions to test out learners understanding of concept. Unlimited times access and includes correct answer and thorough explanation for each question.
• Delivery Method: eLearning, available 24/7 for convenient access.
• Administering Body: The course is recognized by the Real Estate Council of Alberta (RECA).
• Completion Certificate: A certificate will be provided upon successful completion of the course.
  • Certificate Validity: 3 months from course completion.
• Exam Details:
  • Administered by RECA.
  • Exam Length: 3 hours.
  • Exam Attempts: 2 attempts.
  • Passing Grade: 70%.

Who Should Enroll?

This course is perfect for individuals pursuing a career in residential real estate who wish to gain the knowledge and skills needed to succeed in working with buyers, sellers, and residential properties.