Lime Green Realty Blog

Press Release: Written Service Contracts Become Mandatory for Buyers in Alberta Effective July 1, 2014

June 16th, 2014

On July 1, 2014, the Real Estate Council of Alberta (RECA) will require industry members who establish a client relationship with a buyer who is trading in residential real estate to enter into a written service agreement with that buyer. RED DEER, AB – Alberta is following in the foot steps of Ontario with changes to section 43 of the Real Estate Act that will make it mandatory for a buyer ...

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The real estate listing information and related content displayed on this site is provided exclusively for consumers. personal, non-commercial use and, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate.

*Compared to a typical rate of 6% on the first $100,000 and 3% on the balance of the sale price, not applicable for agent or relocation referrals.
**$1,500 cash back on a property that sells over $250,000 and $1,000 for a property that sells under $250,000. Commission paid by seller must be 3% on the first $100,000 and 1.5% on the balance of the sale price. Not applicable for agent or relocation referrals. May be reduced or not applicable on for sale by owner properties.
***Includes transactions from the CARA MLS System. ****$3,000 flat fee commission only applicable on properties listed up to $650,000. 1% listing commission applicable on properties over $650,000.

Lime Green Realty Blog

Press Release: Written Service Contracts Become Mandatory for Buyers in Alberta Effective July 1, 2014

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