broker authorization Exam Actual
Questions and Answers 2026
Real Estate Act -
correct answer ✅provincial legislation
regulating real estate, mortgage brokerage, real estate appraisal
Act components -
correct answer ✅the Act by Minister of Service
The Rule by Council
The Regulation by Minister
The Bylaw by Council
Act parts -
correct answer ✅part 1 - RECA
part 2 - Regulation of business of an industry member
Part 3 - conduct proceeding
Part 4 - Real estate assurance fund
Part 5 - Alberta Real Estate Foundation
Part 6 - General
, RECA unit 2-1 real estate act 2-2
broker authorization Exam Actual
Questions and Answers 2026
Rules overview -
correct answer ✅Part 1 - authorizations, licenses and registration
Part 2 - industrial standards of practice
Part 3 - accounting, records and reporting requirement
Part 4 - errors and omissions insurance
part 5 - fees
part 6 - coming into force
Bylaw overview -
correct answer ✅part 1 - council members
part 2 - council proceeding
part 3 - administration
part 4 - administrative penalties
part 5 - hearing and appeal panels
part 6 - real estate assurance fund
part 7 - fee schedules