Transferring the Land Title in Alberta | Costs, Taxes & Legal Steps Explained 🏡

In this Q&A excerpt, Raman explains what happens when you transfer the land title of a property in Alberta — whether it's between family members, partners, or other ownership changes. Here's what's covered in this quick session:

💰 Capital Gains Consideration — If the property value has increased since purchase, you may need to pay capital gains tax on 50% of that profit.

🏦 Mortgage Perspective — If there's a mortgage, you'll need to re-qualify or deal with possible penalties.

📜 Legal Process — If there's no mortgage, the title transfer is straightforward. A lawyer typically handles the paperwork, and the transfer fee is around $200. T

his is an important topic for future licensees and property owners to understand. Real estate professionals should be able to guide their clients through the financial and legal implications of title transfers confidently.

👉 Learn more or enroll at www.albertarealestateschool.com

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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

📞: 587-936-7779

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Key Hand-Off on Possession Day | How the Final Step Works in Alberta Real Estate

In this short Q&A clip, Raman explains how the key hand-off works on possession day in a typical Alberta real estate transaction. Once the buyer's lawyer sends the funds to the seller's lawyer and the funds are confirmed in trust, the seller's lawyer notifies the seller's agent that the keys are releasable. From there, the buyer's agent gets the go-ahead — and that's when the buyer finally gets possession.

🏡✨ This is a critical step in closing a deal, and understanding this sequence helps new agents guide their clients confidently through possession day.

👉 Want to learn more about Alberta real estate transactions?

📚 Enroll at www.albertarealestateschool.com

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

📞: 587-936-7779

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What Happens to the Deposit When a Real Estate Deal Falls Through in Alberta 💰

🏡 In this Q&A clip, Raman explains one of the most common questions buyers have — what happens to the deposit if the deal doesn't go through? Here's what's covered in this session:

💵 Before Condition Removal — If conditions like financing or inspection aren't satisfied, buyers can back out legally and get their deposit back.

📄 After Condition Removal — Once conditions are waived, the deal is firm. If the buyer backs out, they lose the deposit and may face legal action.

⚖️ Real Case Example — Raman shares a real scenario where a buyer in Toronto lost their deposit and had to pay the difference when the property value dropped. Understanding this process is crucial for new agents, buyers, and sellers to protect themselves and avoid costly mistakes.

👉 Want to learn more about Alberta real estate transactions?

📚 Enroll at www.albertarealestateschool.com

📲 Subscribe for more practical Q&As, tips, and exam prep content!

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

📞: 587-936-7779

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The Warranties Section of the Purchase Contract Explained | Alberta Real Estate Q&A

In this Q&A session, Raman breaks down one of the most important sections of the Alberta Residential Purchase Contract — Warranties and Representations. This section outlines what the seller is guaranteeing to the buyer, including:

🏡 Legal right to sell the property

📄 No outstanding liens or encumbrances on included goods

📍 Compliance with city bylaws and restrictive covenants

🌿 Proper permits for improvements and no material latent defects

We'll also touch on special scenarios like non-resident sellers, leased equipment (like water heaters or solar panels), and how restrictive covenants can affect a transaction. Whether you're a future licensee preparing for your exams or already in practice, understanding this section is crucial for smooth transactions and protecting your clients.

👉 Subscribe for more Q&A sessions, tutorials, and tips for real estate students and professionals in Alberta.

👉 Learn more or enroll at www.albertarealestateschool.com

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

📞: 587-936-7779

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Real Estate Conflict of Interest Explained | 2 Must-Know Scenarios for Agents What does a conflict of interest really look like in real estate?

In this video, Raman from the Alberta Real Estate School walks you through two real-life scenarios every agent should understand:

1️⃣ When a realtor represents a seller and an unrepresented buyer wants to make an offer.

2️⃣ When the same agent represents both a buyer and a seller who now want to deal on the same property.

These common situations can lead to serious regulatory issues if not handled correctly. Learn what your obligations are, how to stay compliant, and how to protect your clients — and your license.

🔔 Subscribe for more exam tips, real-world case studies, and Alberta real estate guidance! 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

📞: 587-936-7779

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Straight from the parking lot of victory! 🚗✅

One of our amazing students just crushed the Practice of Mortgage exam—and couldn't wait to jump on our Live Q&A Zoom to share his excitement. His words? "I was over-prepared. The exam felt easy after going through the Alberta Real Estate School's Study Guide." 💪

📚 We love seeing students succeed—and even more when they feel confident walking in and walking out!

💡 Study smart. Get support. Pass with confidence.

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

📞: 587-936-7779

#TestDaySuccess #AlbertaRealEstateSchool #MortgageExam #RECAExamPrep #RealEstateEducation #PassedWithConfidence #ZoomFromTheLot #StudentSuccess #RealEstateGoals #MortgageProInTheMaking

What does "fee simple" really mean in Alberta real estate? It's the most common form of land ownership — but students often get confused by the legal wording. In this quick explainer, we cover:

What fee simple ownership means under Alberta's Land Titles Act

Why it's considered the highest form of land ownership

The difference between fee simple and other types of interests (like leasehold or life estate)

What rights a fee simple owner has — and what restrictions can still apply (like zoning and easements)

💡 If you're studying for the RECA exam or just trying to speak real estate with confidence — this one's a must-know!

✔️ Subscribe to The Alberta Real Estate School for more plain-English breakdowns of key real estate terms, exam prep, and practical knowledge. 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

📞: 587-936-7779

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Exercise care and skill" — sounds simple, right?

But what does it really mean in day-to-day real estate practice in Alberta?

In this video, we break it down: What RECA expects when it comes to this general obligation Examples of how a realtor demonstrates care and skill in their work Common mistakes that show lack of care — and could lead to complaints Why it matters for consumer protection and your reputation

💡 Whether you're studying for the RECA exam or starting your real estate career, this is one of the most important obligations to understand.

✔️ Subscribe to The Alberta Real Estate School for more licensing prep, industry guidance, and must-know rules for Alberta realtors. 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

📞: 587-936-7779

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As a mortgage broker, how well do you understand the appraisal process?

It's not just a formality — a low appraisal can kill a deal or reduce the mortgage amount your client qualifies for.

In this video, we cover:

What an appraisal actually is (and who orders it)

What happens when the appraisal comes in lower than the purchase price

The difference between lender-ordered vs. client-ordered appraisals

Why understanding appraisals is critical to protect your clients and keep deals on track

💡 Whether you're preparing for your RECA mortgage exam or just starting your career, this knowledge is essential.

✔️ Subscribe to The Alberta Real Estate School for more mortgage training, exam prep, and real-world lending advice!

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

📞: 587-936-7779

Does the owner of a real estate brokerage in Alberta need to be a licensed broker?

The short answer: No.

But the long answer explains how it actually works behind the scenes. 🏢

In this video, we break down:

The difference between a brokerage owner and a real estate broker

Why the broker of record must hold a broker licence, but the owner does not

How RECA regulates brokerages and who's legally responsible

Real-world examples: investors or business owners who operate the company but hire a broker to manage operations and compliance

💡 This is key for anyone studying for the RECA exam — or thinking of starting a brokerage one day.

✔️ Subscribe to The Alberta Real Estate School for more RECA licensing insights, career tips, and industry best practices!

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

📞: 587-936-7779

#AlbertaRealEstateSchool

#RECAExamPrep

#RealEstateBrokerage

#BrokerVsOwner

#RealEstateBusiness

#StartABrokerage

#AlbertaRealEstate

#RealEstateEducation

#BrokerOfRecord

#LicensedBrokerExplained