Real Estate Council of Alberta Fundamentals Practice Exam

Which entity has the authority to amend the Real Estate Act?

1. Real Estate Council of Alberta

2. Provincial Legislature

3. Municipal Government

4. Alberta Land Surveyors' Association

The correct answer is: Provincial Legislature

The Provincial Legislature holds the authority to amend the Real Estate Act because this act is a piece of provincial legislation. The process of amending laws within the province, including the Real Estate Act, is exclusively the responsibility of the legislative body that represents the citizens of the province. This typically involves introducing a bill, debating its provisions, and voting on it within the legislature. While other entities, such as the Real Estate Council of Alberta, may have regulatory authority and can create guidelines or policies within the framework established by the Act, they do not possess the power to change the law itself. Municipal governments operate at a different jurisdictional level and focus on local regulations and bylaws, while organizations like the Alberta Land Surveyors' Association are professional bodies that do not have legislative authority. Therefore, it is clear that the Provincial Legislature is the correct entity empowered to amend the Real Estate Act.