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12 Feb

RECA Changes How Suited Properties are Listed on MLS

Investment (Rental) Properties

Posted by: Garth Chapman

Of interest to property investors who want to buy Suited Houses in Alberta will be a significant recent change to procedure made by RECA as a result of a recent lawsuit by a buyer of a property that was deemed to be improperly or incompletely described.

The result of all this is that REALTORs® are essentially now almost virtually unable to describe a house as containing a secondary suite.

An article by Edmonton Realtor James Knull describes why and how Realtors are now required to list properties in Alberta that have suites when it is not a legal suite.

Read James’ article here