The Alberta Real Estate Foundation supports and originates initiatives that enhance the real estate industry and benefit the people of Alberta.
The Foundation is funded by real estate transactions across the province. When a home buyer deposits money in trust through a real estate broker, the interest that’s earned on the deposit is accumulated and forwarded to the Foundation for reinvestment in Alberta’s communities. The Real Estate Act states that the Foundation’s purpose is to promote and undertake:
- the education of related professionals and the public in respect of the real estate industry,
- law reform and research in respect of the real estate industry, and
- other projects and activities to advance and improve the real estate industry.