The Real Estate Council of Alberta (RECA) requires industry members who establish a client relationship when trading in residential real estate, property management, or when dealing in mortgages to enter into a written service agreement with that client. Written service agreements help ensure the role of an industry professional is clear, & when clients are better informed, there is less confusion and typically, fewer disputes.Written service agreements help industry professionals clearly & confidently communicate with clients about:
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- Describe the role and services of the real estate professional
- Outline the obligations of the real estate professional and the client
- Set out the fees (If any)
- Provide consent to collect, maintain use and distribute client’s personal information
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