The Government of Alberta has deemed real estate agent services, and services that provide access to credit, stocks or other forms of liquidity or finance to individuals, groups or businesses to be essential services. This exempts licensed real estate and mortgage professionals from restrictions during the COVID-19 outbreak, as long as they follow all public health guidelines, including physical distancing measures.Below is a message from the Real Estate Council of AB:
“RECA’s mandate is first and foremost to protect the public, and it remains our highest priority,” said Duane Monea, Administrator of the Real Estate Council of Alberta. “By being deemed an essential service, real estate and mortgage professionals have been given a great responsibility in assisting Albertans during this crisis. I am confident the industry will meet the challenge, and adapt their business practices in order to protect the health and safety of the public.”
Firstly, professionals must ensure they explain to their clients the impacts of COVID-19 in their real estate or mortgage transaction, and discuss all options together with their advantages and disadvantages, so their clients can make informed decisions. Professionals can be a reliable source of information on minimizing any health risks involved in trading in real estate or dealing in mortgages at this time. Professionals should point clients to RECA’s COVID-19 for Real Estate Consumers website.
Secondly, professionals must also assess their own risk, and remain vigilant to their own health, the health of their clients, and the health of their colleagues. They must take steps to minimize their health risks and stop the spread of COVID-19.
We are here for you....
We are committed to the above and more to continue to serve our clients well throughout this unsettling time. It seems that there are updates hourly on how this pandemic is affecting the management of Real Estate transactions. We will continue to implement whatever is necessary to continue to meet the needs of our clients.
Although the market has slowed during this crisis, homes are still being listed, shown and sold. 346 new listings entered the market and 222 have sold in the past 7 days. We just sold a home in West Hillhurst with multiple offers for full-list price!
If you (or someone you know) have any Real Estate needs in the weeks / months to come, we can help you navigate through the process safely.
Contact us anytime with your questions or needs,
RealPros Real Estate Consultants
Toll Free: 1-855-547-1222
GOING THE EXTRA MILE!