Legislation & Information Bulletins > Council Resolutions
Resolution 96006 of the Real Estate Council of Alberta
WHEREAS by Rule 34(5) under the Real Estate Act, S.A. 1995, c. R-4.5, the Real Estate Council of Alberta (the "Council") has the power, duty and responsibility to prescribe the guidelines to be followed by the accountant in making an examination for the purposes of the Accountant’s Report;
THEREFORE BE IT RESOLVED THAT:
The Council hereby prescribes the Table of Recommended Minimum Examination Guidelines attached hereto as Schedule "A" as the guidelines to be followed by the accountant in making an examination for the purposes of the Accountant’s Report.
DATED at Calgary, Alberta on this 9th day of July 1996.
SCHEDULE REAL ESTATE ACT
TABLE OF RECOMMENDED MINIMUM EXAMINATION GUIDELINES
For use in completing the Accountant's Report.
Real Estate Trades - Non-Property Management
Estimated Monthly Real Estate Trades Buy/Sell
Recommended Examination Numbers in the Selected Month (except where the Accountant's Report requires a specific number)
0-50
Examine all to a maximum of 10
51-200
Examine 20%
over 200
Examine 40
Real Estate Trades - Property Management
Number of Properties Managed in the Selected Month
Recommended Examination Numbers in the Selected Month (except where the Accountant's Report requires a specific number)
0-50
Examine all to a maximum of 10
over 200
Examine 20% to a maximum of 20
The properties selected should be representative of the agent's monthly rental income. As a further guide, the sample size should be in the following recommended proportions.
Clients Estimated Monthly Rental Income in the Selected Month
