Real Estate Associates Program
Red Deer College, in partnership with the Alberta Real Estate Association, is offering the Real Estate Associates Program. The program sets new training standards for real estate professionals entering the field of real estate sales and management. Everyone interested in becoming a licensed Real Estate Associate in Alberta must complete this mandatory program. Participants must possess a high school diploma or equivalency to participate in the program. It is recommended that you have a solid understanding of and are fully conversant in the English language. The program consists of three phases and four exams. Participants must pass each exam (minimum of 70%) before proceeding to the next phase. For program details please visit www.AREAhub.ca and www.rdc.ab.ca for further details.
Phase 1: Introduction to a Career in Real Estate
Phase 1 is offered only online through the Real Estate Council of Alberta. To register visit www.reca.ca. You must complete and pass Phase 1 in order to proceed into Phase II & Phase III.
Phase 2: Fundamentals of Real Estate
Phase 2 will be covered in six sections including:
- Interpersonal Relations & Communications; Handling Conflict & Negotiations; Planning & Time Management; Marketing; Sales Process; Technology
- Financing Real Estate Transactions
- Contract Law; Representation Relationships; Title Registration; Land Use Controls; Condominiums
- Real Estate Act
- Environmental Issues; Insurance & Loss Prevention
- Building Construction; Types; Measurement
Prerequisites: Proficiency in English and successful completion of Phase 1: Introduction to a Career in Real Estate (70% required). In addition, the following must be submitted to AREA (Alberta Real Estate Association) at least two weeks prior to the start of Phase 2:
- Canadian High School Diploma or equivalency (official transcripts)
- Completed AREA Phase 2 application
- Photocopy of Driver’s License
- Proof of name change (if applicable)
Phase 3: Real Estate Areas of Practice
The theory addressed in Phase 2 is applied to the real life real estate practices of industry members. Understanding the principles of property value and how to evaluate properties in residential, commercial and rural real estate is a major focus of this section. Working with clients is put into practice and students will work through several case studies that replicate real life real estate transactions. Prerequisite: Phase 2: Fundamentals of Real Estate (70% required).