RECA: Unit 2 (Real Estate Act) Exam
Actual Questions and Answers 2026
RECA Legislation: 4 components -
correct answer ✅1. The Act (Responsibility of the Minister of
Service Alberta)
2. The Rules
3. The Regulations
4. The Bylaws
As a provincial statute, the act can only be amended by -
correct answer ✅provincial legislature.
- Not something that RECA can do on their own; it is the
responsibility of the Minister of Service Alberta to make
recommendations
The Act is divided into 6 parts -
correct answer ✅1. Real Estate Council of Alberta: establishes
RECA and outlines it's purpose/powers
2. Regulation of Business of a licensee
3. Conduct proceedings
4. Real Estate Assurance Fund
5. Alberta Real Estate Foundation
, RECA: Unit 2 (Real Estate Act) Exam
Actual Questions and Answers 2026
6. General guidelines on council orders, inspections, service of
documents, hearing panels, etc
Outline of Rules in the Act -
correct answer ✅1. Licences
2. Outlines industry standards
3. Establishes accounting, record keeping and reporting
requirements
4. REIX
5. Contains fee schedules
6. Identifies the date on which the rules came into force
7. Designation of Administrative Penalties
_____ can create and amend the rules but do so with due care
through industry consultation and stakeholder discussion -
correct answer ✅The Industry Councils
The Regulations (Two Types) -
correct answer ✅1. Ministerial Regulations
2. Exemption Regulations
Actual Questions and Answers 2026
RECA Legislation: 4 components -
correct answer ✅1. The Act (Responsibility of the Minister of
Service Alberta)
2. The Rules
3. The Regulations
4. The Bylaws
As a provincial statute, the act can only be amended by -
correct answer ✅provincial legislature.
- Not something that RECA can do on their own; it is the
responsibility of the Minister of Service Alberta to make
recommendations
The Act is divided into 6 parts -
correct answer ✅1. Real Estate Council of Alberta: establishes
RECA and outlines it's purpose/powers
2. Regulation of Business of a licensee
3. Conduct proceedings
4. Real Estate Assurance Fund
5. Alberta Real Estate Foundation
, RECA: Unit 2 (Real Estate Act) Exam
Actual Questions and Answers 2026
6. General guidelines on council orders, inspections, service of
documents, hearing panels, etc
Outline of Rules in the Act -
correct answer ✅1. Licences
2. Outlines industry standards
3. Establishes accounting, record keeping and reporting
requirements
4. REIX
5. Contains fee schedules
6. Identifies the date on which the rules came into force
7. Designation of Administrative Penalties
_____ can create and amend the rules but do so with due care
through industry consultation and stakeholder discussion -
correct answer ✅The Industry Councils
The Regulations (Two Types) -
correct answer ✅1. Ministerial Regulations
2. Exemption Regulations
