I'm a first-time buyer—what protections do I gain by hiring a REALTOR®?
Quick Answer
Short answer: A REALTOR® guards your deposit, guides 17 contract forms, and opens doors to incentive dollars you'd likely miss.
Detailed Explanation
First-time purchases involve 17 separate forms in Alberta. A licensed REALTOR® walks you through each signature, ensures your deposit sits in a RECA-audited trust account, and keeps lender and CMHC deadlines on track.
The Real Estate Assurance Fund reimbursed $1.1 million in cases where funds skipped trust—none involved clients of licensed brokerages. Your agent also surfaces programs like the First Home Savings Account and provincial land transfer rebates worth up to $7,500.
- RECA-audited trust account protection
- 17-form navigation and explanation
- First-time buyer program access
- Timeline and deadline management
Error prevention. RECA data shows first-time buyers working solo made contract errors 8x more often, leading to deposit loss or deal collapse. Licensed agents carry professional liability insurance and follow standardized practices.
Disclaimers: Program eligibility varies. Results and rebates depend on individual circumstances and government policy changes.
Disclaimer: This page is for general information only and does not constitute legal, financial, or real estate advice. Always verify details with a licensed Alberta REALTOR®, mortgage professional, or lawyer before making decisions. Buy in Edmonton assumes no liability for actions taken based on this content.
Tim Grover, RE/MAX Excellence • 780-288-5144 • 5607 199 Street NW, Edmonton, AB
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- Does Alberta have a land-transfer tax?
- What incentives exist for first-time buyers in 2025?
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- I'm a first-time buyer—what protections do I gain by hiring a REALTOR®?