In 1909, the Edmonton Real Estate Exchange was created. It introduced a shared listing concept, a uniform rate of commission for services, a goal of creating a high standard of integrity, and encouraged a spirit of fair and honourable competition in the marketplace. The exchange only operated until 1913, overwhelmed by the political and economic upheaval of the times.
Reflecting better economic times of the late 1920s, members of the Edmonton real estate industry established the Edmonton Real Estate Association in 1927. This organization adopted a code of ethics, established a two-tier membership system of salesmen and agents, and a committee system for operating. Its most important accomplishment was passing the Real Estate Agents’ Licensing Act in 1929, a bill that required persons to furnish qualifications to act as real estate agents.
In 1952, the Association evolved into the Edmonton Real Estate Board Co-operative Listing Bureau Ltd., just in time to service the post-war boom. The next three decades would be the golden age of real estate in Edmonton.
Some interesting events to note:
- The Multiple Listing Service® was introduced in the early 1960s.
- A catalogue, introduced in 1973, replaced daily perforated listing sheets for REALTORS®.
- Computerized operations at the Board began in 1979, with the conversion of its membership records.
- Members accessed MLS® System information from their first database using the Vandat system in 1984.
- The EREB acquired an existing real estate weekly newspaper in 1985, renaming it the Real Estate Weekly.
- In 1990, the EREB became the first board in Canada to use secure electronic keyboxes to store keys on listed properties. In 2007, the keyboxes were updated with new wireless technology and security systems.
- Today, REALTORS® use enhanced software programs to coordinate their clients’ home buying and selling needs.
- Entering its second century of service, the Edmonton Real Estate Board celebrated its 80th Anniversary in 2007.
- On May 18, 2007, the 80th anniversary, the EREB changed its name to the REALTORS® Association of Edmonton, to reflect its role as a professional association of REALTORS®.
- On May 18, 2021, we celebrated our 94th anniversary!
Who We Are
The REALTORS® Association of Edmonton (the RAE), founded in 1927, is a professional association of real estate brokers and associates in the Greater Edmonton Area and beyond. Outside of Edmonton, we serve communities in the following surrounding regions:
- Bon Accord
- Cold Lake
- Drayton Valley
- Pigeon Lake
- St. Albert
- Elk Point
- Fort Saskatchewan
- Leduc and Leduc County
- Parkland County
- St. Paul
- Sherwood Park
- Spruce Grove
- Stony Plain
- Strathcona County
- Sturgeon County
Our team of approximately 30 staff work to advance the integrity and professionalism of REALTOR® services. We are committed to serving the needs of our approximately 4,300 members, who, in turn, serve their clients in delivering professional real estate services. The Association administers the Multiple Listing Service®, provides professional education to its members and enforces a strict Code of Ethics and Standards of Business Practice.
We also advertise property listings and publish consumer information online at realtorsofedmonton.com and REALTOR.ca. Our members are also actively involved in surrounding communities, support charities and not-for-profit organizations through the REALTORS® Community Foundation.
The main reason the RAE exists as an association; the RAE’s core purpose; the RAE’s reason for being. Engaging with our members to support an environment where our members have the opportunity to be highly valued, respected and successful professionals.
The aspirational outcome we hope to achieve by living out our mission every day, as viewed by our members and by the Association.
For our members, it's that...
REALTORS® are highly valued and respected by consumers during their real-estate experience.
For our Association, it's that...
RAE is a leader in creating value by fostering a positive culture of integrity, respect and diversity amongst our members.
The focus and motive behind everything we do.
1. Provide real value to our members.
2. Treat our members like clients with a focus on service excellence and respect.
3. Build our members’ confidence in their Association.