Alberta Real Estate Tutor

Get ready for your RECA licensing exam with Alberta Real Estate School. 📞 Call: 587-936-7779 ✉️ Email: support@albertarealestateschool.com 🌐 Website: www.albertarealestateschool.com Selling a rental property with a tenant in it? Raman from Alberta Real Estate School explains how the Residential Tenancies Act (RTA) changes how you list, market and close the sale. First question to ask: is there a...

How long does it take to secure a retail space for a tenant? A student asks a commercial exam question, and Raman from Alberta Real Estate School breaks down the real timeline.   Once a prospective tenant contacts the landlord, expect about three months. The whole process can run three to nine months because the tenant has to lease the space, apply to the city for permits and complete leasehold im...

Enroll in courses here: https://www.albertarealestateschool.com/shop/ or call our Success Team at 📞: 587-936-7779   What happens to listing expenses if a seller changes their mind during a Seller Representation Agreement?   Real estate professionals are generally paid through commission when the property sells — meaning they are paid based on results, not simply for the time, effort, or expenses...

Trust Account vs Operating Account: What Happens During a Trust Shortage? Enroll in courses here: https://www.albertarealestateschool.com/shop/ or call our Success Team at : 587-936-7779 What happens if there is a trust account shortage in a real estate brokerage? Real estate brokerages typically maintain separate accounts, including: ✔️ Trust Account – Holds money belonging to clients, such as de...

Enroll in courses here: https://www.albertarealestateschool.com/shop/ or call our Success Team at : 587-936-7779 What's the difference between Lender Title Insurance and Owner Title Insurance?   Lender Policy A lender title insurance policy protects the mortgage lender's interest in the property. It helps protect the lender against certain title-related risks such as: ✔️ Fraud or forgery ✔️ Title...

Enroll in courses here: https://www.albertarealestateschool.com/shop/   or call our Success Team at : 587-936-7779 What separates successful real estate agents from those who struggle to get started? Real estate is often misunderstood as simply "joining a brokerage and getting clients." In reality, it operates much more like running your own business. One of the biggest success factors is having:...

Enroll in courses here: https://www.albertarealestateschool.com/shop/ or call our Success Team at : 587-936-7779   Confused about subletting, assignment of lease, and privity concepts? Here's a simple breakdown.   Sublease (Subletting) A tenant rents part or all of their leased space to another person while remaining on the original lease. Example: A business has extra office space and sublets par...

Seller Representation Agreements: What Happens If the Seller Doesn't Renew? Enroll in courses here: https://www.albertarealestateschool.com/shop/ or call our Success Team at : 587-936-7779   If a seller decides not to renew a Seller Representation Agreement, do they still owe the agent for expenses? Not typically. There is an important difference between: ✔️ Ending a contract early (changing their...

Enroll in courses here: https://www.albertarealestateschool.com/shop/ or call our Success Team at : 587-936-7779   Confused about RMS measurements and bay windows? When measuring a home under the Residential Measurement Standard (RMS), the home is generally measured from the exterior. However, special features such as a bay window can require additional calculations because of their shape — whethe...

Enroll in courses here: https://www.albertarealestateschool.com/shop/ or call our Success Team at : 587-936-7779   Real Estate Incentives: Do Promotions Have to Be Offered to Everyone?   Do real estate incentives always have to be advertised publicly to everyone? Not necessarily. An incentive does not always mean a broad public advertisement. Sometimes, a brokerage or real estate professional may...

Enroll in courses here: https://www.albertarealestateschool.com/shop/ or call our Success Team at : 587-936-7779   Purchase Contract vs Addendum: Where Do Inclusions Go in Alberta Real Estate?   Should a client add something directly into the purchase contract or use an addendum? The answer depends on when the change is being made. If parties are still negotiating the offer, additions such as incl...

Post-Tension Cables in Condos: Why Are They a Concern? Enroll in courses here: https://www.albertarealestateschool.com/shop/ or call our Success Team at : 587-936-7779   What are post-tension cables, and why can they affect condo purchases and financing? Many older high-rise buildings used post-tension cable systems as part of their structural design. These cables are typically made of steel and p...

Percentage Lease Explained: How Do Landlords Share in Retail Revenue? Enroll in courses here: https://www.albertarealestateschool.com/shop/ or call our Success Team at : 587-936-7779 What is a percentage lease in commercial real estate? A percentage lease is commonly used in retail properties, shopping centres, and plazas. Under this type of lease, the tenant typically pays: ✔️ Base Rent ✔️ Operat...

Titles Delays: What Does "Pending Registration" Mean? Enroll in courses here: https://www.albertarealestateschool.com/shop/ or call our Success Team at : 587-936-7779 What happens when Land Titles is backlogged? If registrations have not yet been fully processed — including certain notices or registrations — you may still see a "Pending Registration" status. A pending registration is not invisible...

Enroll in courses here: https://www.albertarealestateschool.com/shop/ or call our Success Team at 📞: 587-936-7779   What does it mean when fee simple ownership rights extend from the surface to the airspace? While fee simple ownership includes rights associated with the land and the space above it, that does not mean an owner can build anything they want without restrictions.   For example, if a...

Enroll in our courses here: https://www.albertarealestateschool.com/shop/ or call our Success Team at 📞: 587-936-7779   What happens when the government takes a property through expropriation? If a government authority needs land for a public project — such as building a recreation centre, road, or other public infrastructure — the property owner cannot simply have their property taken without pa...

Enroll in courses here: https://www.albertarealestateschool.com/shop/ or call our Success Team at : 587-936-7779   Do Real Estate Ads Need the Brokerage Name? Social Media Rules Explained   Do real estate advertisements on Instagram, Facebook, or social media need to show the brokerage name? If a real estate professional is advertising a property or real estate services, brokerage information requ...

Enroll in courses here: https://www.albertarealestateschool.com/shop/ or call our Success Team at : 587-936-7779 Confused about default insurance and title insurance? They are not the same thing. Default Insurance (High-Ratio Mortgage Insurance) When a buyer has a high-ratio mortgage — meaning: ✔️ Down payment is less than 20% ✔️ Loan-to-Value (LTV) is greater than 80% …the borrower is generally r...

Trying to understand first mortgages, mezzanine loans, junior mortgages, and the capital stack in commercial real estate? Think of the capital stack as the mix of debt and equity used to finance a commercial property purchase or development. For example, on a $5 million commercial project, a bank may not finance the entire amount — especially on higher-risk projects with limited leases, constructi...

Can a Brokerage Use a Client List for Marketing? Consent Rules Explained Enroll in courses here: https://www.albertarealestateschool.com/shop/ or call our Success Team at : 587-936-7779   Can a brokerage use its client list for marketing without getting additional consent? It depends on what the marketing is for. In real estate, client relationships are typically between the brokerage and the clie...

Are Residential Mortgages Really Simple? | Alberta Mortgage Exam Prep Are residential mortgages simple… or can they be just as complex as commercial deals? Many students assume commercial mortgages are complicated and residential mortgages are straightforward. That assumption can cost you marks on the Alberta mortgage licensing exam. In this video from The Alberta Real Estate School, we break down...

With Tenants in Common, each owner holds a separate ownership share, and their interest passes to their estate — not automatically to the co-owner. Example: If two friends purchase a rental property together and register as joint tenants, one friend's share would automatically transfer to the other upon death. That may not align with their estate planning intentions. This is why understanding owne...

How to Use Active Listings in a CMA | Alberta Real Estate Exam Prep When preparing a Comparative Market Analysis (CMA), should you use only sold properties — or do active listings matter too? This is a very common Alberta real estate exam question, and it's also a real-world conversation you will constantly have with sellers. In this video from The Alberta Real Estate School, we break down: • Why...