Alberta Real Estate Tutor

Alberta Real Estate Tutor

By Raman GakhalBusinessEducation
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Alberta Real Estate Tutor episodes

  • Buyer and Seller Cut Out the Agents? The Holdover Clause Explained

    📞 Call: 587-936-7779

    ✉️ Email: [email protected]

    🌐 Website: www.albertarealestateschool.com

    Buyer and Seller Cut Out the Agents? The Holdover Clause Explained

    What happens when a buyer and seller wait out their agreements and make a direct deal to avoid paying the agents? Raman from Alberta Real Estate School explains how representation agreements protect your commission.

    Buyer and seller representation agreements set a time period, for example three months. A clause in the contract says that if you showed the property to someone during that period and they write an offer within the following 30 to 60 days, the commission is still due. If they wait longer than that, there's nothing you can do.

    In this video:

    • Buyer and seller representation agreements in Alberta

    • How the holdover period protects agents

    • What happens when buyers and sellers go around agents

    #AlbertaRealEstate #RECAExam #RealtorTips #RealEstateExamPrep #AlbertaRealEstateSchool

    2 min
  • Selling a Tenanted Home in Alberta: RTA Rules Every Realtor Must Know

    Get ready for your RECA licensing exam with Alberta Real Estate School. 📞 Call: 587-936-7779 ✉️ Email: [email protected] 🌐 Website: www.albertarealestateschool.com Selling a rental property with a tenant in it? Raman from Alberta Real Estate School explains how the Residential Tenancies Act (RTA) changes how you list, market and close the sale. First question to ask: is there a lease, and what type? With a fixed-term lease and six months left, you can't ask the tenant to move out mid-lease, so the buyer has to be an investor or someone who can wait. With a month-to-month tenancy, notice is 90 days after conditions are removed and must start on the first of the following month. Conditions off on September 9 means notice on October 1 and closing no earlier than the end of December, four months or more from offer to possession. In this video: • Fixed-term vs month-to-month tenancies when selling • 90-day notice and when it starts • Why a 30-day closing with a tenant doesn't work • Why the RTA and pro forma analysis are in the residential course #ResidentialTenanciesAct #SellingRentalProperty #PassYourRECAExam #RealEstateExamPrep #AlbertaRealEstateSchool

    4 min
  • How Long Does It Take to Lease a Retail Space? | Alberta Commercial Real Estate Q&A

    How long does it take to secure a retail space for a tenant? A student asks a commercial exam question, and Raman from Alberta Real Estate School breaks down the real timeline.

    Once a prospective tenant contacts the landlord, expect about three months. The whole process can run three to nine months because the tenant has to lease the space, apply to the city for permits and complete leasehold improvements (the build-out alone can take three to six months). That's why landlords commonly give a three-month rent-free period so the tenant can get their fixturing done.

    In this video:

    • Retail leasing timelines for commercial real estate in Alberta

    • Permitting and leasehold improvements

    • Rent-free periods and fixturing

    • How to approach this question on your commercial licensing exam

    Get ready for your RECA licensing exam with Alberta Real Estate School.

    📞 Call: 587-936-7779

    ✉️ Email: [email protected]

    🌐 Website: www.albertarealestateschool.com

    #CommercialRealEstate #RetailLeasing #AlbertaRealEstate #RECAExam #RealEstateLicense #LeaseholdImprovements #RealEstateExamPrep #AlbertaRealEstateSchool

    2 min
  • Who Pays Real Estate Listing Expenses if the Seller Changes Their Mind?
    Enroll in courses here: https://www.albertarealestateschool.com/shop/ or call our Success Team at 📞: 587-936-7779 What happens to listing expenses if a seller changes their mind during a Seller Representation Agreement? Real estate professionals are generally paid through commission when the property sells — meaning they are paid based on results, not simply for the time, effort, or expenses invested. During a listing, a realtor may incur costs such as: ✔️ Professional photography ✔️ Advertising and marketing expenses ✔️ Listing-related promotional costs A Seller Representation Agreement can include terms addressing what happens if the seller decides to end the agreement early during the contract period. In some cases, one option for ending the contract may involve reimbursing the realtor for certain expenses incurred in marketing and listing the property. This is an important concept in understanding listing agreements, compensation structures, and real estate practice in Alberta. #albertarealestateschool #PassYourRECAExam #HowToBecomeARealtorInAlberta #AlbertaRealEstate #albertarealtor
    2 min
  • Trust Account vs Operating Account What Happens During a Trust Shortage
    Trust Account vs Operating Account: What Happens During a Trust Shortage? Enroll in courses here: https://www.albertarealestateschool.com/shop/ or call our Success Team at : 587-936-7779 What happens if there is a trust account shortage in a real estate brokerage? Real estate brokerages typically maintain separate accounts, including: ✔️ Trust Account – Holds money belonging to clients, such as deposits. ✔️ Operating Account – Used for brokerage business expenses. When acting as the listing brokerage, a buyer's deposit is usually held in the trust account. But mistakes can happen. Examples may include: ✔️ A deposit cheque bouncing ✔️ An accounting or commission transfer error ✔️ Incorrect funds being transferred out Brokerages maintain trust ledgers and reconciliations to track deposits, withdrawals, and balances. If a shortage is discovered, it must be investigated and corrected immediately. The broker is ultimately responsible for ensuring trust funds are properly handled and shortages are addressed. Using trust funds improperly — such as using client money for investments or unauthorized purposes — is a serious violation and can lead to severe regulatory consequences. Understanding trust accounting is a critical concept in Alberta real estate brokerage practice. Start your career in Real Estate today! Our courses equip you with the skills needed to pass your licensing exam in Alberta. Link in the comments. 💯 We train tomorrow's top Real Estate Agents and Mortgage Associates in Alberta! 🔥 💻: www.albertarealestateschool.com #AlbertaRealEstateSchool #PassYourRECAExam #YEGRealEstate #TheBestRealEstateSchoolInAlberta #AlbertaRealEstate
    4 min
  • Title Insurance Explained Lender Policy vs Owner Policy

    Enroll in courses here: https://www.albertarealestateschool.com/shop/

    or call our Success Team at : 587-936-7779

    What's the difference between Lender Title Insurance and Owner Title Insurance?

    Lender Policy A lender title insurance policy protects the mortgage lender's interest in the property. It helps protect the lender against certain title-related risks such as:

    ✔️ Fraud or forgery

    ✔️ Title defects

    ✔️ Registration errors

    ✔️ Unknown liens or ownership issues

    This policy protects the lender's mortgage, not the homeowner. Owner Policy An owner title insurance policy protects the property owner. It can help cover losses related to certain title issues affecting ownership, such as:

    ✔️ Title fraud

    ✔️ Boundary or survey issues (depending on coverage)

    ✔️ Title defects

    ✔️ Certain encroachments or undiscovered title problems

    The key difference: Lender Policy = protects the lender's mortgage interest Owner Policy = protects the homeowner's ownership interest

    Understanding title insurance is an important concept in real estate and mortgage education.

    #AlbertaRealEstateSchool #PassYourRECAExam #HowToBecomeARealtorInAlberta #HowToBecomeAMortgageBrokerInAlberta #RealEstateEducation

    2 min
  • Why Some Real Estate Agents Succeed: The Power of Lead Generation

    Enroll in courses here: https://www.albertarealestateschool.com/shop/

    or call our Success Team at : 587-936-7779

    What separates successful real estate agents from those who struggle to get started? Real estate is often misunderstood as simply "joining a brokerage and getting clients." In reality, it operates much more like running your own business. One of the biggest success factors is having:

    ✔️ A business plan

    ✔️ A marketing plan

    ✔️ A consistent lead generation strategy

    A lead is someone who may be interested in buying or selling real estate. Successful agents typically build a lead funnel — a system for meeting people, generating conversations, following up, and developing future business opportunities.

    Lead generation can involve effort, consistency, and ongoing follow-up. Over time, this process can grow into referrals and repeat business.

    Agents who struggle are often the ones who do not actively focus on where their leads are coming from or rely solely on waiting for opportunities to appear.

    Understanding business planning, marketing, and lead generation is key to building a real estate career.

    #AlbertaRealEstate #AlbertaRealEstateSchool #LeadGeneration #RealEstateMarketing #RealEstateCareer #BusinessPlanning #RealEstateEducation #RECA #AlbertaRealtor #RealEstateTraining #RealEstateTips #RealEstateShorts #SalesPipeline

    3 min
  • Sublease vs Assignment of Lease What's the Difference
    Enroll in courses here: https://www.albertarealestateschool.com/shop/ or call our Success Team at : 587-936-7779 Confused about subletting, assignment of lease, and privity concepts? Here's a simple breakdown. Sublease (Subletting) A tenant rents part or all of their leased space to another person while remaining on the original lease. Example: A business has extra office space and sublets part of it to another professional. In a sublease: ✔️ The original tenant remains on the lease ✔️ The original tenant is still responsible to the landlord for rent, utilities, and lease obligations ✔️ The subtenant typically deals with the original tenant — not directly with the landlord Assignment of Lease An assignment transfers the lease to a new tenant, usually with the landlord's approval. Example: A business relocates and transfers its office lease to another business. In an assignment: ✔️ The lease is transferred to the new tenant ✔️ Lease responsibilities move to the new tenant ✔️ The new tenant becomes responsible for rent, costs, and lease obligations moving forward A helpful analogy: Sublease = letting someone else use your leased car while you remain responsible. Assignment = transferring the lease entirely so the new person takes over. Understanding lease structures and privity concepts is important in commercial real estate and property management. Start your career in Real Estate today! Our courses equip you with the skills needed to pass your licensing exam in Alberta. Link in the comments. 💯 We train tomorrow's top Real Estate Agents and Mortgage Associates in Alberta! 🔥 💻: www.albertarealestateschool.com #ALBERTAREALESTATESCHOOL #passyourRECAexam #albertarealestateeducation #Albertamortgagebroker #ALBERTAREALESTATE
    4 min
  • Seller Representation Agreements: What Happens If the Seller Doesn't Renew?
    Seller Representation Agreements: What Happens If the Seller Doesn't Renew? Enroll in courses here: https://www.albertarealestateschool.com/shop/ or call our Success Team at : 587-936-7779 If a seller decides not to renew a Seller Representation Agreement, do they still owe the agent for expenses? Not typically. There is an important difference between: ✔️ Ending a contract early (changing their mind during the agreement term) ✔️ Choosing not to renew after the agreement expires If a seller decides partway through the agreement that they no longer want to sell, the contract may include terms dealing with costs, fees, or compensation for ending the agreement early. However, if the agreement simply reaches its end date and the seller decides not to renew, those early-termination provisions generally do not apply. So how long should a listing agreement be? A 3-month listing period is commonly used because it gives enough time to market the property while still providing flexibility and comfort for the seller. Longer terms may be used, but some sellers prefer not to be locked into lengthy agreements. Understanding seller representation agreements is key for Alberta real estate professionals and exam preparation. Start your career in Real Estate today! Our courses equip you with the skills needed to pass your licensing exam in Alberta. Link in the comments. 💯 We train tomorrow's top Real Estate Agents and Mortgage Associates in Alberta! 🔥 💻: www.albertarealestateschool.com #albertarealestateschool #passyourrecaexam #bestrealestateschool #AlbertaRealtor #AlbertaRealEstate
    3 min
  • RMS Measurements Do You Measure a House From the Inside or Outside
    Enroll in courses here: https://www.albertarealestateschool.com/shop/ or call our Success Team at : 587-936-7779 Confused about RMS measurements and bay windows? When measuring a home under the Residential Measurement Standard (RMS), the home is generally measured from the exterior. However, special features such as a bay window can require additional calculations because of their shape — whether rectangular, curved, or otherwise irregular. In those cases, formulas may be used to properly calculate that section, but the overall property measurement process still relies on the outside dimensions of the home. Understanding RMS measurement rules is essential for Alberta real estate professionals and exam preparation. Start your career in Real Estate today! Our courses equip you with the skills needed to pass your licensing exam in Alberta. #albertarealestateschool #passyourrecaexam #howtobecomearealtorinalberta #howtobecomeamortgagebrokerinalberta #albertarealestate
    2 min

About Alberta Real Estate Tutor

From the publisher's feed

If you're interested in a real estate career, this podcast will provide you with tips and tactics to help you in that journey. Join your Alberta Real Estate Tutor, Raman, in this highly actionable show that helps you become a Real Estate Agent in Alberta. Get an in-depth understanding of key exam topics, real estate vocabulary, exam questions as well as tips and tactics for passing the Alberta Real Estate licensing exam. The show also features interviews with Real Estate Agents practicing in Alberta as well as students who have passed the exams recently. "Subscribe" now and get started in you real estate career in Alberta.