New RECABlog - Southern Alberta Floods: Cleaning Up and Moving Forward
Many residents of Southern Alberta are beginning to assess their property now that the flood waters have started to recede. This devastating event has and will continue to affect Albertans for many months.
The Real Estate Council of Alberta (RECA) has already received calls from industry professionals about what will happen to transactions that were underway. What should industry professionals do if the flood has destroyed their brokerage office, their contracts and other paperwork? What is to be done for a consumer who has sold his or her home and purchased a new one, when the new home has been damaged by flood waters? What about a seller brokerage agreement for a seller whose current home is no longer saleable because of extensive damage?
Additionally, RECA has created 2013AlbertaFlood@reca.ca; an email account specifically for inquiries from practitioners affected by the Southern Alberta floods. This email address will receive priority response from the RECA departments to which the inquiries are directed.