Today we will know the Updated Exam Weightings for Property Management Course in Alberta.
Property Management is one of the most in-demand and popular career streams in the Real Estate Industry since a few years. With an increasing number of property deals for various purposes including personal, occupational, investment and other types, there is a substantial need for individuals who can manage the property business of individuals and/or organizations that are into property dealings.
RECA (Real Estate Council of Alberta) has recently updated the Property Management course content and thus here are the updated important topics to keep in mind after the update.
Exam Format
- Number of Questions: It has been allotted a total number of 100 Questions in the exam.
- Question Format: All the questions are multiple-choice. You can select the best option that you think is right from a given list of 4 options.
- Exam Duration: The total exam duration for Practice of Property Management Exam is 3 hours (180 minutes).
- Time allotted per Question: For ideal and expected results, you can allot an average of 1.80 minutes per question to complete the exam in the stipulated time.
Exam Weightings for Property Management Course in Alberta by RECA – Distribution by Unit
We will also understand the marginal distribution of the sub-topics that are covered under the topic Residential Real Estate. It will also include the weightage given to each of the topics by the Real Estate Council of Alberta in its real estate exams.
Property Management as a topic is parted into 11 Units (after the update):
- Introduction to Property Management
- Property Management and the Law
- Market Research and Tenant Selection
- Leasing
- Construction and Building Design
- Property Measurement
- Accounting and Budgeting
- Operational Management and Property Maintenance
- Personnel and Tenant Management
- The Property Management Plan
- Preparing for a Professional and Ethical Career in Property Management in Alberta
Property Management is one of the most important and diverse category in the Real Estate Licensing specializations.
Know all your options and the Initial Steps to Start A Career in the Alberta Real Estate Industry.
Each of them has different weightage criteria in the RECA exam. Have a look at the image to understand the segregation of questions and their weightage in the exam based on Course Units –
Minimum Passing Requirements for the Exam
- Passing Percentage: The minimum passing percentage for the Residential Real Estate Exam is 70%.
- Passing Marks: The minimum number of marks required to pass the exam is 70.
Number of Attempts
There are a total of 2 attempts available for you o pass the exam. If you fail in both the attempts, then you will have to re-register yourself with the course and pay re-registration fees to RECA.
Course Timeline
If this is your 1st Area of Specialization Course to get a Real Estate License in Alberta and you are doing it right after your Fundamentals of Real Estate Course, then you get 6 months to complete all the attempts for the course.
If you are doing this course after you have attained your Real Estate License in Alberta as an Additional Practice Course, you get 4 months to complete all the attempts to pass the course.
These are some important tips for fresh applicants who are planning to appear for the Practice of Property Management Exam by RECA but have minimal knowledge of the distribution of marks and emphasis given to each of the topics in the exam.
These will help you to plan your studies as well as the exams with a better understanding of the topics involved. You can anticipate accurate results when you are aware of these small details while you are preparing for the Property Management Exam in Alberta.
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