Alberta Real Estate School

Enroll in courses here:
https://www.albertarealestateschool.com/shop/

or call our Success Team at 📞: 587-936-7779

Happy Birthday to Dave Chappelle! 🎂

For this week’s Monday Motivation, we look to Dave Chappelle, who said:

"You know, be able to do something great in your life, you're gonna have to realize your failures. You're gonna have to embrace them and figure out how to overcome it."

Failure can be one of our greatest teachers, especially when we're working toward something new.

At The Alberta Real Estate School, we know the journey toward becoming a REALTOR® or mortgage broker isn't always a straight line.

You might struggle with a difficult concept.
You might get questions wrong on a mock exam.
You might need to revisit a lesson several times before it finally clicks.

That's part of the process.

The important thing is what you do next.

Review the mistake. Understand why it happened. Ask questions. Strengthen that area of your knowledge. Then try again.

That same mindset becomes even more important once you enter the profession. Not every deal will come together. Not every client interaction will go perfectly. Not every strategy will produce the result you expected.

Successful professionals learn, adjust, and come back better prepared.

At The Alberta Real Estate School, we're here to help you build that mindset from the beginning. Our courses, instructors, Q&A sessions, study resources, and mock exams are designed to help you identify where you need improvement and develop the knowledge and confidence to move forward.

Don't let a failure define your journey. Let what you do after it define you.

Learn from it. Overcome it. Keep going.

Enroll in courses here:
https://www.albertarealestateschool.com/shop/
or call our Success Team at : 587-936-7779
💯 We train tomorrow's top Real Estate Agents and Mortgage Associates in Alberta! 🔥

Should a client add something directly into the purchase contract or use an addendum?

The answer depends on when the change is being made.
If parties are still negotiating the offer, additions such as inclusions or negotiated terms are typically added directly into the purchase contract under Additional Terms.

If changes happen later — for example after a home inspection, during condition removal, or when new requirements are being added after the contract is already in place — those changes are generally handled through an addendum attached to the purchase contract.

Understanding the timing can help you know whether to amend the contract itself or use an addendum.

Learn Alberta real estate licensing concepts with The Alberta Real Estate School.

Enroll in courses here:
https://www.albertarealestateschool.com/shop/
or call our Success Team at 📞: 587-936-7779

🎉 Congratulations to Our July First-Try Exam Draw Winner! 🎉

A huge congratulations to Ashmeet Kaur, whose name was drawn from 18 eligible students in our July Alberta Real Estate School First-Try Exam Draw! 🏆

Every student entered into the draw successfully passed their licensing exam on their very first attempt — an achievement worth celebrating on its own!

Congratulations to Ashmeet, and well done to all 18 students who earned a spot in this month’s draw. Your hard work, preparation, and dedication paid off! 👏

Who will be our next First-Try Exam Draw winner? 👀

Post-Tension Cables in Condos: Why Are They a Concern?
Enroll in courses here:
https://www.albertarealestateschool.com/shop/
or call our Success Team at : 587-936-7779

What are post-tension cables, and why can they affect condo purchases and financing?
Many older high-rise buildings used post-tension cable systems as part of their structural design.
These cables are typically made of steel and protected by a coating or encasing material. Over time, deterioration can occur. If moisture reaches the steel, corrosion and rust can weaken the system.
Why does this matter?
Potential concerns can include:
✔️ Structural integrity issues in aging buildings
✔️ Costly engineering reviews and repair programs
✔️ Major remediation work or reinforcement requirements
✔️ Risk of large special assessments for unit owners
✔️ Financing concerns, as some lenders may be cautious with certain buildings
Because of these potential risks, buyers, condo boards, and lenders often pay close attention to whether a building contains post-tension cables and how the building has managed maintenance, inspections, and engineering recommendations.
Understanding condo building systems and risk factors is important in Alberta real estate and property management.

Percentage Lease Explained: How Do Landlords Share in Retail Revenue?
Enroll in courses here:
https://www.albertarealestateschool.com/shop/
or call our Success Team at : 587-936-7779

What is a percentage lease in commercial real estate?
A percentage lease is commonly used in retail properties, shopping centres, and plazas.
Under this type of lease, the tenant typically pays:
✔️ Base Rent
✔️ Operating Costs (where applicable)
✔️ Additional Percentage Rent once sales exceed a specified breakpoint
Here’s the basic idea:
Shopping centres and plazas often invest in marketing and promotions that drive customer traffic to retailers. For example, a large mall marketing campaign can attract more shoppers, helping retailers increase sales.
Because the landlord contributes to creating that business traffic, the lease may allow the landlord to receive a percentage of the tenant’s revenue above a certain sales threshold (breakpoint).
For example, a tenant might pay base rent plus an additional 2%–3% of sales above the agreed breakpoint.
That additional amount is paid to the landlord, which is why it’s called a percentage lease.
Understanding commercial lease structures is key for commercial real estate education and exam preparation.


Start your career in Real Estate today! Our courses equip you with the skills needed to pass your licensing exam in Alberta. Link in the comments.
💯 We train tomorrow's top Real Estate Agents and Mortgage Associates in Alberta! 🔥
💻: www.albertarealestateschool.com