Is it a GOOD TIME to become a Real Estate Agent in Alberta?

Real Estate Raman Gakhal

A common question before someone starts the course is: ‘Is this a good time to become a Real Estate Agent in Alberta?’ According to me, it is always a good time to become a realtor, but I am an educator, and I am very passionate about Real Estate, so for me, it is always a good time. However, is it really a good time to become a Realtor in Alberta?

Now, there are a few things to consider:

Benefits of Real Estate in Alberta

1- Alberta is growing 📈

We are witnessing a lot of migration from different parts of Canada into Alberta. Many people are moving because Real Estate in Alberta is more affordable compared to other places like Ontario and BC. Moving to a new province can feel overwhelming, especially when you’re on the hunt for a new place to live. Real Estate Agents can help clients with the legal requirements and provide more information about neighborhoods.

2- Newcomers 🛬

We also have a lot of immigrants coming to Canada. Even though they may initially land in Ontario or BC, many will eventually make their way to Alberta. Our population is trending upwards, which means we need more homes, and more people will be looking for properties to buy. All these people looking to purchase properties will need someone to help them with the process, especially if they are coming from outside the city, province, or a different country. They may not know the process of buying Real Estate in Alberta, and therefore, they will need someone to guide them through it. This will create job opportunities in this area.

3- Real Estate investors 💰

Another reason to become a realtor is the increase of investors moving into Alberta or looking to invest in Alberta. I am a Real Estate investor, and I love all aspects of Real Estate. From an investor’s point of view, Real Estate in Alberta is more affordable, and the return on investment is much better. You don’t need $2 million to buy a house in Alberta, which makes it easier for many investors to purchase properties in Alberta. That being said, if somebody is an out-of-town investor, they won’t know the process and the market, so they will need guidance to buy properties. Even if someone is an investor in Alberta, they may not have access to all the properties that realtors will have access to.

4- You control your schedule 📅

Being a Real Estate Agent in Alberta is a rewarding career. Unlike the traditional jobs, Real Estate Agents have the benefit of having a flexible schedule, especially for those who want a more work-life balanced life. You decide the times you will be working for your clients while maintaining a personal life.

5- No cap on your earnings 🤑

In a 9-to-5 job, your earnings may be restricted by the job market. However, when you work as a real estate agent, you are self-employed and can increase your processes, attract more clients, and, therefore, increase your earnings. Scaling up your earnings is easier as a self-employed Real Estate Agent, as you don’t need permission to earn more. You can be more competitive and actually earn more.

After highlighting these points, as I mentioned earlier, it’s always a good time to become a realtor, especially now, as our market dynamics are changing. Alberta is growing, and its economy is expanding. We are witnessing a lot of migration, resulting in more people looking for houses, whether it’s for investment or for living. I expect this trend to continue. Additionally, as the Bank of Canada possibly changes its interest rates and lowers them over time, we are likely to see even more people entering the housing market.

At Alberta Real Estate School, we equip future Real Estate Agents and Mortgage Associates in Alberta with the necessary skills. Pass your Alberta Real Estate exam on the first attempt.

Check out the list of courses we offer for you:

Fundamentals of Real Estate

Fundamentals of Real Estate Exam Prep Course

Fundamentals of Real Estate Mock Test

Practice of Residential Real Estate

✅Practice of Residential Real Estate Exam Prep Course

Practice of Residential Real Estate Mock Test

Fundamentals of Mortgage Brokerage

Fundamentals of Mortgage Brokerage Mock Test

For more information, you can give us a call at 587-936-7779. We are open Monday – Friday from 8:30am to 5pm MST.

💯 We train tomorrow’s top Real Estate Agents and Mortgage Associates in Alberta!

This is WHY you should Join Alberta Real Estate School

Cover for Join Alberta Real Estate School

Are you ready to become a Real Estate Agent or Mortgage Associate in Alberta? One of the questions we often hear is “why should I choose Alberta Real Estate School?”

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):

Fundamentals of Real Estate course in Alberta
Practice of Residential Real Estate in Alberta
Fundamentals of Mortgage Brokerage in Alberta

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.

Check out the list of courses we have for you:

Fundamentals of Real Estate

Fundamentals of Real Estate Exam Prep Course

Fundamentals of Real Estate Mock Test

Practice of Residential Real Estate

✅Practice of Residential Real Estate Exam Prep Course

Practice of Residential Real Estate Mock Test

Fundamentals of Mortgage Brokerage

Fundamentals of Mortgage Brokerage Mock Test

For more information, you can give us a call at 587-936-7779. We are open Monday – Friday from 8:30am to 5pm MST.

💯 We train tomorrow’s top Real Estate Agents and Mortgage Associates in Alberta!

RECA Approved Course Providers – June 2022 Update

Alberta Real Estate School - RECA-recognized Course Providers Update - June 2022

As of June 1st, 2022, RECA (Real Estate Council of Alberta) has divested itself from offering Real Estate Licensing Courses in Alberta. This has been a big news in the Alberta Real Estate Industry as RECA is the direct authority that regulates Real Estate / Mortgage Brokerage – Licensing Services in Alberta.

In reference to the same topic, there has been a buzz about the new “RECA-Recognized Course Providers” for Real Estate / Mortgage Brokerage Education in Alberta. And we are absolutely pleased to announce that we, Alberta Real Estate School, have been approved as a RECA-recognized Course Provider to offer Real Estate Pre-Licensing Courses in Alberta.

Check it out yourself at RECA’s website for the list of approved Course Providers.

First of all, who is RECA?

The Real Estate Council of Alberta (RECA) is the governing body for Alberta’s real estate brokerage, mortgage brokerage, property management, and (New) condominium management licenses.

In other words, RECA licenses and regulates real estate agents, mortgage brokers, property managers, and condominium managers to enhance consumer protection.

What were RECA’s original duties?

Licensed professionals have to meet RECA’s Eligibility Criteria to enter the industry. They’re required to comply with RECA’s rules for doing business along with competently assisting the public of Alberta in buying, selling, or managing a property or condominium, or obtaining a mortgage.

RECA primary role in the industry was to offer:

  1. Education – Eligibility, Courses, Exams: RECA offered Eligibility guidelines for applicants in order to enter into Pre-licensing courses. Self-paced online pre-licensing course materials were offered by RECA. The pre-licensing exams were also under RECA’s administration.
  2. Issuing, Renewing and Cancelling Licenses: RECA is the only body who is authorized to issue, renew or cancel licenses for real estate, mortgage brokerage, property management and condominium management professionals in Alberta.
  3. Information & Resources: RECA is the one-stop shop for all the resources that you may need as a Real Estate / Mortgage Brokerage Professional or client.
  4. Regulation of Bylaws: RECA sets and regulates the functionality of the industry standards and makes periodic checks on the professionals to ensure fair operations are taking place.

Why RECA gave up Pre-Licensing Education?

Couple of years ago, KPMG (Klynveld Peat Marwick Goerdeler) did an audit on RECA and realized that education should be moved away from RECA and should be passed on to other educational institutions.

This created a need to amend the Real Estate Act (REA), Alberta, thereby changing RECA’s role in the Alberta Real Estate Industry to make it more robust and useful to the learners and other industry professionals. Visit the link ahead to get further details on the Amendments to the Alberta Real Estate Act.

The course content is still licensed by RECA. All courses and course providers become recognized by RECA if they pass the application process; Also, RECA’s content can be licensed but some course providers are creating their own materials. All recognized course providers must map their courses to RECA’s competency exam blueprints.

Tip for New Learners

The course materials offered by the various course providers will stick to RECA’s course competency exam blueprints. The exams for the courses will still be offered by RECA in the same format and approach, without making any major changes making it good for the learners.

Steps for becoming a Licensed REALTOR®, Mortgage Broker, Property Manager, Condo Manager in Alberta – After June 1, 2022

The way it would work from June 1, 2022 onwards is –

STEP 1: Register yourself with RECA by meeting RECA’s Eligibility Requirements.
STEP 2: Select a RECA-Recognized Course Provider for the specific courses that you are interested in.
STEP 3: Pass the required number of courses that you need for a specific license you are looking to get.
STEP 4: Join a Brokerage – and that completes the process to get you licensed in any of the industries (real estate, mortgage brokerage, property management or condominium management).

Changes in total that are effective in the Alberta Real Estate Industry since June 1, 2022

  1. RECA’s Education Divestment
  2. Changes in the REA (Real Estate Act)
  3. New Course Providers for Existing Pre-Licensing Courses
  4. Changes in the Condominium Property Act
  5. Introducing Condominium Management Licenses & Pre-Licensing Courses

Benefits of RECA Changes to New Learners & Licensees

  1. Learners will have more options to explore and select the course providers that suits them and will not have to self-study everything by themselves.
  2. All these course providers will be RECA-Recognized.
  3. The base content of the courses offered by the RECA-Recognized course providers will be inline with RECA’s course competency and exam blueprints, making it reliable for learners.
  4. Some course providers will also have the option of offering multiple training options including tutoring or in-person training, thereby making it beneficial for the learners.

Where to find more updates?

Some of these changes are still in-process and are functioning on an ongoing basis. More updates will be posted once there is a confirmation about the news from reliable sources. Keep in touch!

Need help with Exam Prep for Real Estate & Mortgage Brokerage Courses?
Visit our YouTube Channel and watch a demo of our Tutoring Sessions!!

Get our Focused Study Guides, Video Courses and “in-demand” Tutoring Sessions to get you through the Real Estate Exams on the first attempt!

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How to get Clients as a New REALTOR®

Becoming a Real Estate Agent is a hectic process, but what after you become one? What do you do after getting your Real Estate License? How will you get clients as a New REALTOR®??

Here’s the time where most new REALTORS® need help and support with. New Agents are already overwhelmed as they take their baby steps in the Real Estate Industry. Let alone getting to know the Real Estate laws, rules, policies and education, they also have to manage their Real Estate business. Real Estate Agents are their own brands and they have to manage branding and marketing of real estate business in order to make it run. And to be successful with it is a big challenge. Let’s see what can we do in this.

An Interview between Experts – Indy Khosah & Raman Gakhal

In the Interview between Indy Khosah and Raman Gakhal today, we will discuss some of the most important strategies that will help new real estate agents find sources to build clientele and run their real estate careers successfully.

Indy Khosah is a veteran Real Estate Agent/Mentor and have been successfully serving the Alberta Real Estate Industry since 12 years now. Raman Gakhal, as we all know is a role model for New REALTORS® , being a successful REALTOR® – turned Tutor – turned Broker for Venus Realty and is now turned MENTOR for New REALTORS® to teach them all the tips and tricks to get running in the Alberta Real Estate Industry.

How to get Clients as a New REALTOR®

Becoming a Real Estate Agent is owning a business. Real Estate Agents can only dream of sitting back and waiting for leads to come to them to give them business. But the fact is, you will have to take necessary steps in order to get business. The first step you can take is:

1. Work on Your Sphere of Influence

Your sphere of influence are the people you already know. Rather than finding new people and marketing yourself to them, first target your connection and let them know that you are a REALTOR®. Not everybody will know that you have got your real estate license. Tell your friends and relatives that you have become a Real Estate Agent and that you can help them with their real estate needs. Ask for their connections who might be in need of any real estate help or advice, and get in touch with them. They already know you as an individual and that can definitely help you to eliminate the first step of marketing yourself from scratch.

2. Target your Community

Your community is the next closest thing to advertise after your circle of networks. Word of mouth spreads faster in small and closed communities – be it religious, cultural or social groups. Once you spread the word in your network, they can help you in socializing your brand within the community.

3. Act as a Real Estate Counsellor rather than a Businessman

As a Real Estate Professional, you can offer some free giveaway(s) and act as a valuable resource of information and advice when it comes to real estate. You can offer Free Home Evaluation to potential clients, Real Estate Investing Tips to close friends and relatives, host seminars or webinars on Facebook groups for free real estate advice like staging tips, or generic information that can help people get into real estate like first time home buyer tips, mortgage pre-approval advice, credit score information, real estate news and updates, and much more.

4. Use the power of Social-Media

Social Media is the biggest tool of marketing in today’s day and age. It can influence your brand to an extent that you might not need any other source of marketing if you can master it. Just post regularly on sites like Facebook, Instagram, YouTube, and Linked, participate on groups, advertise your services on sites like marketplace, Kijiji, etc.

You can create your own organic content like posts, reels, videos, share your projects, experiences, details – basically anything and everything that you do in your business. Apart from this, you can also run ads for promotion.

5. Create a Professional Website

A website these days acts like a business card. All the information about you and your business can be made available on your website. For example, we have made a website for our Real Estate Brokerage – Venus Realty.

All the information related to your work is presented at one place. A website also creates trust and credibility for your brand from a client’s perspective. You can post personal blogs and information that you want to share through the website. It can boost your local SEO, can be a primary source to promote yourself as well as provide you options to get leads through landing pages.

6. Start Email Marketing

The leads that you collect through social media, website forms as well as other enquiries can be used to create a database for your email marketing campaigns. It is a very important tool as it can passively turns leads into conversions and sales. Sending out emails is the best way to stay in touch with your audience. You can send tips insights on various real estate topics on the email. It can remind them about you as a New REALTOR® and increases your chances of getting clients.

7. Top up your Local SEO game

Local SEO includes location-based marketing. If you are serving a particular community, area, or city for your real estate services, you can market yourself as the “Local REALTOR®” of that region. It will help you target your close communities and circles which increases your chances of getting clients that you might already know. It can include – social media marketing targeted on specific location, on-page SEO of the website with location keywords, google-my-business marketing and much more.

8. Networking within the Real Estate Community

It is very important to know updates and inside stories about the local real estate industry within the community you are serving. It gives you real-time updates, access to insider information, and makes you aware of current local case-studies. The information that you get with community networking can help you understand the local market in a much better way and helps you strategize your moves accordingly.

9. Tie up with a Mortgage Broker

Every REALTOR® should work with a Mortgage Broker, especially Buying Agents. The reason being – your clients are home buyers and most of them can be first-time home buyers. When buying a house, along with the type of property, a client has to also keep in mind his mortgage – as without one, it is almost impossible to buy a property. If you as a Real Estate Agent, can offer your clients mortgage services by tying-up with a local mortgage broker, it will give your clients convenience. This will make them want to work with you as they will get most of the necessary services at one place.

By the way, once you have pulled the Certificate of Title, do you know how to read a certificate of title?

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.

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