Real Estate Council of Alberta Fundamentals Practice Exam

What is one of the primary responsibilities of RECA?

1. Establishing realty marketing strategies

2. Handling professional conduct reviews

3. Conducting real estate auctions

4. Negotiating commission rates

The correct answer is: Handling professional conduct reviews

One of the primary responsibilities of RECA (Real Estate Council of Alberta) is handling professional conduct reviews. This function is central to maintaining the integrity and professionalism of the real estate industry within Alberta. RECA oversees the conduct of licensed real estate professionals to ensure they adhere to the standards and regulations set forth in the Real Estate Act. This includes investigating complaints against real estate professionals and determining whether any breaches of professional conduct have occurred. Conducting professional conduct reviews allows RECA to uphold consumer protection and ensure that practitioners in the industry are providing services that meet legal and ethical standards. By managing these reviews, RECA helps to foster public trust in the real estate profession and ensures that licensees are held accountable for their actions. This role is vital in supporting a fair and transparent real estate market in Alberta. In contrast, establishing marketing strategies, conducting real estate auctions, and negotiating commission rates are tasks typically performed by real estate professionals themselves rather than the regulatory body. These responsibilities do not fall within RECA's core mandate, which is primarily focused on regulation and oversight of the profession.