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Residential Real Estate Professional Bundle Course Overview

The Residential Real Estate Professional Bundle combines two essential courses, the Fundamentals of Real Estate and the Practice of Residential Real Estate, into a comprehensive program designed to equip aspiring real estate professionals with foundational knowledge and practical skills. This bundle is ideal for those seeking to build a successful career in Alberta’s dynamic real estate market.

Fundamentals of Real Estate Course Overview

Topics Covered

1. Overview of Alberta’s Real Estate Sector
   Explore the structure, history, and key players in Alberta’s real estate market.
2. Real Estate Legislation
   Understand the governing laws, rules, and regulations that oversee the industry, ensuring compliance and professionalism.
3. Ethics Professionalism
   Learn about ethical conduct, professional standards, and strategies for identifying and mitigating risks in real estate transactions.
4. Real Estate Brokerage Operations
   Gain insight into the brokerage model, including its structure, operational practices, and regulatory obligations. Study the frameworks for managing client relationships, including designated agency and transaction brokerage.
5. Contract Law, Real Property Law and Related Legislation
   Delve into the fundamental principles of contract law and their application in real estate agreements. Explore property ownership, land titles, and legislative requirements that govern real estate transactions.
6. Condominiums and Strata Properties
   Learn about the unique aspects of condominiums, including governance, rights, and responsibilities.
7. Property Valuation Fundamentals
   Understand the basic theories and methodologies used in property valuation.
8. Mortgage Basics and Fraud Awareness
   Discover the essentials of mortgage financing, lending practices, and how to identify and prevent fraud.
9. Privacy, Confidentiality, and Legal Responsibilities
   Study privacy laws, confidentiality obligations, and the legal responsibilities of real estate professionals.
10. Health, Safety, and Public Protection
    Understand best practices for ensuring safety and protecting the public in all professional activities.

Practice of Residential Real Estate Course Overview

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.

Fundamentals of Real Estate Course
Course Summary

• Course Length: Approximately 75 hours of self-paced online learning.
• Complementary Question Bank: Practice test question bank at the end of each unit, plus mock test over 600 questions to test out learners understanding of concept. Unlimited times access and includes correct answer and thorough explanation for each question.
• Delivery Method: eLearning, accessible anytime, anywhere.
• Administering Body: The course is recognized by the Real Estate Council of Alberta (RECA).
• Completion Certificate: Provided upon successful course completion.
  • Certificate Validity: 3 months from completion.
• Exam Details:
  • Administered by RECA.
  • Duration: 3 hours.
  • Attempts Allowed by RECA: 2.
  • Passing Grade: 70%.

Practice of Residential Real Estate Course

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 accredited 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 through your MyRECA.ca account.
    • Exam Length: 3 hours.
    • Exam Attempts: 2 attempts.
    • Passing Grade: 70%.

Who Should Enroll?

This bundle is perfect for individuals looking to fast-track their real estate career in Residential Real Estate, combining theoretical knowledge from Fundamental to Practice of Residential Real Estate with the practical skills needed to excel in Alberta’s real estate market.