Alberta Real Estate School passing grades are the highest of all the course providers in Alberta. In addition to that, the marks that our students get are the highest too. One of the reasons why our students do so well in the final exam is because at Alberta Real Estate School we are truly committed to our students’ success. Having said this, we are the best Real Estate School in Alberta! Look at the following charts provided by the Real Estate Council of Alberta (RECA):
In these charts, you can see the names of course providers, exam attempts, success rates, and average scores from students. If you want to explore these statistics further, visit RECA’s official website.
Now let’s take a sneak peek and go behind the scenes and see what Alberta Real Estate School students see when they join our courses:
1. Students support 💪
We are here to support you; we’re just an email or a phone call away. If you need help with anything, please feel free to email your questions to our support email or call us during business hours. We have a Facebook group where you can ask questions as you are going through the material. We also have bi-weekly Q&A Sessions. In the Q&A sessions, Raman answers questions about course topics or concepts that aren’t clear to you. Please make sure that you use these valuable support tools.
2. Course materials 📒
The course is set up in a way that supports people with different learning methodologies, choose the one that works best for you. Make sure that you complete the slides and unit quizzes, those are the requirements for passing the course. In addition to that, we have given you PDFs. If you like to learn by reading and writing on paper, you can download the PDFs and make your own notes. We also provide videos. Videos are optional, but we highly recommend watching them, as Raman explains the many concepts, giving you a deeper understanding. Secondly, she points out concepts that are important to learn to prepare for the Alberta Real Estate final exam. Make sure that you pay attention to these important topics.
3. Access Exam Prep Materials 📑
We have summarized notes in point form, so you don’t have to go through the entire course material again, focusing on things that are important to know before you take the exam. We have also added extra questions for every unit, important topic review videos, and PowerPoint slides with concepts you need to know.
4. Mock tests 📝
We have 3 timed mock tests that have the same structure as RECA’s final exam. You will receive the same number of questions and they are timed for three hours. Once you complete the test, you can go back and review your answers. These answers have explanations to help you learn the concept in case you missed it during the course.
Watch the following video to dive in behind the scenes:
At Alberta Real Estate School, we equip with the necessary skills future Real Estate Agents and Mortgage Associates in Alberta. Pass your Alberta Real Estate exam on the first attempt.
The Real Estate Exam in Alberta is a very tricky exam. There are a lot of topics to understand. Thus, the Alberta Real Estate Exam Format is also designed to match the format of the content. Alberta Real Estate Exams are multiple-choice and thus, the questions asked in the exam are divided in to:
[I] Definition Questions
Definition Questions go with their name. They do exactly what they say i.e., Terms or Definitions. So, they can either give you a term to define and they will ask you for the definition of that term or they can give you a definition and they will ask you what term that describes. For example, things like real property, real estate, land, GDP,etc.
[II]Scenario Questions
One of the most difficult types of questions to expect in the Alberta Real Estate Exam would be Situational or Scenario Questions. Scenario questions basically ask you who, what, when, where or why of any situation. So, they will give you a scenario and based on that, you will have to answer the given question.
Let’s try to understand some Sample Real Estate Questions with Solutions –
Examples of Real Estate Exam Questions in Alberta
Example 1
Which of the following statements best describes the concept of Scalable Enforcement under RECA’s professional conduct review program?
RECA will consult the courts and other governing bodies to impose disciplinary sanctions
Disciplinary Sanctions will be first carried out by the brokers and then referred to RECA if the same infraction occurs
Industry Professionals will receive sanctions that can and will escalate upon future occurrences of the same activity
Failing to comply with brokerage policies and procedures will result in monetary fines that increase with each breach
Correct Answer: 3
Rationale: So, in this case, it is a Scenario Question. The reason of the statement being true is RECA will put an easier Sanction initially, but if the other party does not improve their behavior and keep repeating the same mistakes again and again, the Sanctions will be higher. So they will escalate upon future occurrences of the same activity.
Example 2
Which of the following statements is an example of an inappropriate inducement?
A brokerage agrees to pay the buyer’s moving costs to close a transaction
A brokerage ad states that it will pay the appraisal fee for all the first time home buyers
A real estate professional agrees to pay the first mortgage payment to get new business
A real estate professional pays for the seller’s window repair to make the sale
Correct Answer: 4
Rationale: So, in this case, they are asking us which of the following is an Inappropriate Inducement. It is a Definition Question. So, you have to understand the Definition of Inducement and apply the understanding of the concept to answer the question. Now, if you have learnt the concept thoroughly, you will know that paying the cost of window repair of a seller is not a Real Estate Agent’s liability. Thus, the answer is 4.
Example 3
Which of the following applies to the payment of Referral Fees?
Real Estate brokerages may be paid Referral Fees by Mortgage Brokerages
Real Estate Professionals may pay referral fees to mortgage brokerage professionals
Real Estate Professionals may pay referral fees to unlicensed individuals if the broker approves
Real Estate Professionals may be paid referral fees by mortgage brokerages
Correct Answer: A
Rationale: This is again a Definition Question. According to the concept of Referral Fees, Real Estate Agents are allowed to pay Referral Fees. However, they have to be paid through the Brokerage and not directly. So, the process goes as – We send Referral Fess to Mortgage Brokerage and then the Brokerage sends the fees to the Mortgage Brokers.
Example 4
Which of the following Disclosures are required by a brokerage when one of its real estate professionals wants to purchase a property that the brokerage has listed for sale?
Disclose to the client the name of the real estate professional
Disclose to the client the existence of a conflict of interest
Disclose to the client the opportunity to seek independent advice
All of the above
Correct Answer: 4
Rationale: If a real estate professional wanted to buy a property that is listed by another agent in the same brokerage, it means that the brokerage is representing the seller. So, in this case, we would have to do some disclosures and we would have to disclose the name of the real estate professional who is involved. We would have to say that there is a conflict of interest and the client will have the opportunity or we have to provide them the opportunity to seek independent advice on how to proceed. Thus, our correct answer here is D – All of the above.
Example 5
The rules require an individual trading in real estate to hold an authorization with RECA unless they are exempt. Which of the following is not exempt?
A person acting directly by statute or court order to dispose of real estate
A bank, credit union, loan corporation, trust corporation or insurance company administering real estate
A full time assistant that holds open houses for a real estate professional
A member in good standing of the Law Society of Alberta when in the practice of law
Correct Answer: C
Rationale: The person who is acting based on a court order and they are auctioning of the property or it’s some sort of a foreclosure and they’re dealing with the property, that person does not require a license anything under the court order does not require a license because they’re only working with one particular property that the court is dealing with. So, they don’t require a license.
Generally, when there’s a foreclosure or anything like that, they will hire a real estate professional to represent and that’s why we don’t have to worry about it. So anything under the court is completely exempt. Also any kind of bank, credit union, loan corporation, all these types of companies are allowed to provide mortgages. Normally, you would require a license from RECA or authorization from RECA in order to get mortgages. However, in this case, these companies fall under their own regulation.
So for example, if it’s an insurance company like Manulife, they give out mortgages but they would fall under the Insurance Act and therefore, they don’t have to go through RECA under the Real Estate Act, Same way, a bank or a credit union they have their own banking regulation or credit union regulations that they fall under and therefore they are exempt from RECA authorization because they already have a similar regulation that they fall under.
Here, Option D states a lawyer. Basically, we will work with lawyers in closing the transactions and lawyers do not fall under RECA’s jurisdiction. Again, because they are under the Law Society of Alberta. They have their own rules that apply to them. In case of Option C, it refers to a full-time assistant that holds open houses for a real estate professional. Now, the problem here is a full-time assistant is not allowed to do open houses. So, this is act in person when we have contract with somebody. We are the ones who are supposed to act on behalf of that person. We are the one with authorization. If a person is working as a full-time assistant that means they’re unlicensed and they’re not allowed to do open houses for us. They’re not allowed to represent a client, sign a contract or do any of those things. So, all those activities require a license. Thus, a full-time assistant would not be able to do this transaction, they would need a license. So they’re not exempt.
Example6
Which of the following groups of statements are correct regarding the Real Estate Act Rules? Choose the correct statements.
The Rules may only be amended by the Provincial Legislature
RECA posts the most current version of the rules on its website
The Rules refer to the Standards of Practice for industry professionals
When contemplating amendments to the Rules, RECA consults with industry professionals and stakeholders
Options:
A. Statements I, II and III
B. Statements II, III and IV
C. Statements I, III and IV
D. All Statements are correct
Correct Answer: B
Rationale: Here, the statements 2, 3 & 4 are correct as RECA is allowed to amend the rules and bylaws. They don’t have to go through the provincial legislature. Only we have to go through the provincial legislature. If there are any sort of amendments required to the Real Estate Act, only provincial legislature can amend it. However, the rules and bylaws can be amended by RECA. Thus, the 1st Statement is not correct. But the other Statements state that RECA will post most current version of the rules on their website. Rules are the standards of practice that we have to follow in our day-to-day. So, they apply to all Real Estate Industry Professionals and then any time when RECA wants to do changes, they will consult industry professionals i.e., us. They will get feedback from all the professionals who would be in that industry plus the stakeholders and change the rules. Therefore, Option B is correct.
These are some great examples of Real Estate Exam Questions that you can expect in the Alberta Real Estate Exams. The examples clearly show the level of complexity these questions can create. Thus, you should understand and learn the concepts whole-heartedly to crack the actual meaning of the questions. Once you breakdown the question in smaller parts, you start to understand the answer they are looking for and you can then answer it without any confusion.
Want to tackle Definition Questions in the Real Estate Exams more confidently? Get all the Important Real Estate Terminology right with Alberta Real Estate School.
Join Alberta Real Estate School for expert help with understanding the concepts of Real Estate and getting uncommon and detailed tutoring sessions personalized as per your needs. Get our personalized Notes designed to get you through the Real Estate Exams in the first attempt! Visit our list of Real Estate Tutoring Sessions for details.
If you have any doubts for Exam Preparation of any of the real estate courses or topics, reach out to us directly at 587.936.7779.
Happy Studying!
We hope you found this information useful. You can also listen to this blog on the Podcast Channel below. Stick to us for our latest updates.
Alberta is the 2nd largest agricultural producer in Canada. Thus, there is huge scope and demand for Rural Real Estate Agents in Alberta. The Rural Real Estate is one of the simplest Areas of Specialization in the Real Estate Associate Program. In order to become a Rural Real Estate Agent, one has to take the Practice of Rural Real Estate Course designed by RECA in Alberta. We have scraped out the Exam Weightings for Rural Real Estate Exam in Alberta.
Get a visual idea of the blog through the video below –
https://www.youtube.com/watch?v=tRGDIMzMmSk
Who is a Rural Real Estate Agent?
First of all, let’s understand what rural real estate is. Rural Real Estate refers to real estate dealings with properties and land that is located outside the urban areas and cities like small towns, rural landscapes, properties located at outskirts of the city, villages, hamlets, and other rural areas.
Thus, aRural Real Estate Agent is an agent who deals with rural properties like farms, farmland, farmhouses, etc.
Exam Weightings for Rural Real Estate Course
The Rural Real Estate Course in Alberta covers a detail understanding of all the Rural Real Estate concepts and laws.
One needs to know the important topics that are relevant in the Rural Real Estate Exam. We have identified the exam weightings for Rural Real Estate Course based on individual units and their weightings in the Alberta Real Estate Exam. Have a look –
Questions in the Exam
You can expect a total of 125 Questions in the Rural Real Estate Exam in Alberta. All the questions are multiple choice. The Exam duration is 3 hours. So, based on the basic math, you have around 1.45 minutes for each question in the exam.
Passing the Exam
The Rural Exam is worth 125 Marks. To Pass the exam, you need a minimum score of 70% i.e., 87.5 marks in the exam.
Join Alberta Real Estate School for expert help with understanding the concepts of Real Estate and getting uncommon and detailed tutoring sessions customized as per your needs. Get our personalized Notes designed to get you through the Real Estate Exams in the first attempt! Visit our list of Real Estate Tutoring Sessions for details.
If you have any doubts for Exam Preparation of any of the real estate courses or topics, reach out to us directly at587.936.7779.
Happy Studying!
We hope you found this information useful. You can also listen to this blog on the Podcast Channel below. Stick to us for our latest updates.
The Real Estate Exam in Alberta is a very tricky exam. There are a lot of topics to understand. Thus, the Alberta Real Estate Exam Format is also designed to match the format of the content. Alberta Real Estate Exams are multiple-choice and thus, the questions asked in the exam are divided in to:
Types of Questions in the Alberta Real Estate Exams
Now, Definition Questions go with their name. They do exactly what they say i.e., Terms or Definitions. So, they can either give you a term to define and they will ask you for the definition of that term or they can give you a definition and they will ask you what term that describes. For example, things like real property, real estate, land, GDP,etc.
Watch the video here –
What are Scenario Questions?
One of the most difficult types of questions to expect in the Alberta Real Estate Exam would be Situational or Scenario Questions. Scenario questions basically ask you who, what, when, where or why of any situation. So, they will give you a scenario and based on that, you will have to answer the given question.
Scenario Questions are best answered by understanding the concepts. It is a multiple-choice exam. So, there is no need to memorize everything because things will be in front of us, they will ask us a question, and the options will be in front of us. But what we do want to do is understand the key concepts, because once you understand the key concepts, you will have a much easier time answering the questions.
Examples of Scenario Questions
Let us look at some of the examples of Scenario Questions that you can use in the Real Estate Exams.
Example 1
Mary Thomas is a real estate professional with Polaris Realty. She signs a written service agreement with her client, Jen, to sell her property. Who is the real estate relationship that is established between?
The brokerage and Jen
Mary Thomas and Jen
The broker and Jen
The brokerage and Mary Thomas
Correct Answer: A
Example 2
Sophia is a real estate professional with True North Realty. She has recently listed her clients’ property for sale. An unrepresented buyer approaches Sophia and wants to see the property. After viewing the property, he wants to write an offer on it. What must Sophia do?
Document the relationship
Discuss the type of relationships
Disclose her representation capacity
Acting consistently with the relationship established
Correct Answer: C
Example 3
Shelly is a real estate professional who has been hired by an investor, Mark, to help him find a property or a few lots that can be assembled and developed into a multi-family housing project. As a result, Shelly approaches a number of owners of properties that would fit the Mark’s criteria. Which of the following would best describe Shelly’s relationship with the various parties?
Mark is the customer, and the property owners are clients
Mark is the client, and the property owners are customers
Both, Mark, and the property owners are clients
Both, Mark, and the property owners are customers
Correct Answer: B
Example 4
Willian and Jen Bellinger are very excited about purchasing a brand-new home for their growing family. They meet with their mortgage professional and find out that they don’t quite qualify for the mortgage as their income is a little less than what the banks require. Both William and Jen know that they can make the mortgage payments as they’re both responsible people. Since they know William will be getting a raise in the next 6 months, they decide to change the employment letter from their employer to reflect the higher salary that William will be getting. They’re then able to get the mortgage and move into their new home. What type of mortgage fraud is demonstrated in this scenario?
Fraudulent Occupancy
Non-occupancy Scheme
Fraudulent Qualification
Buyer Financing Scheme
Correct Answer: C
Example 5
Jason and Jen Cole are a newly married couple who are very excited about purchasing a new home in a small town and starting their life journey together. They had a fabulous dream wedding which was a little on the expensive side but well worth the price. Unfortunately, that leaves them a little short on funds for the down payment. Since Jen’s heart is really set on the cute house that she believes is perfect for them, Jason decides to borrow $20,000 from his friend, Dell. They both have good jobs so they’re confident they’ll be able to save the money to pay back Dell as well as afford the mortgage payments. With the money in their account, they’re able to qualify for the mortgage and move into their new house. What type of mortgage fraud is demonstrated in this scenario?
Buyer Financing Scheme
Equity Access Scheme
False Deposit
Secret second
Correct Answer: C
These are some great examples of Scenario Questions that you can expect in the Alberta Real Estate Exams. The examples clearly show the level of complexity these questions can create. Thus, you should understand and learn the concepts whole-heartedly to crack the scenarios. Once you breakdown the scenarios in smaller parts, you start to understand the actual question and can then answer it without any confusion.
Want to tackle Definition Questions in the Real Estate Exams more confidently? Get all the Important Real Estate Terminology right with Alberta Real Estate School.
Join Alberta Real Estate School for expert help with understanding the concepts of Real Estate and getting uncommon and detailed tutoring sessions personalized as per your needs. Get our personalized Notes designed to get you through the Real Estate Exams in the first attempt! Visit our list of Real Estate Tutoring Sessions for details.
If you have any doubts for Exam Preparation of any of the real estate courses or topics, reach out to us directly at 587.936.7779.
Happy Studying!
We hope you found this information useful. You can also listen to this blog on the Podcast Channel below. Stick to us for our latest updates.
