Mandatory agreements coming to real estate transactions in Alberta

The process of buying or selling a home in Alberta will soon change as a result of new rules instituting mandatory written service agreements between consumers and real estate professionals.

The agreements, which take effect July 1, have long been a standard in the industry. The move by Alberta
real estate's governing body to make them mandatory comes from the desire to increase clarity and protection
for consumers, said Kevin Clark, chair of the Real Estate Council of Alberta (RECA).