REIA Stands for Real Estate Insurance Alliance. What is its mandate?

• A. It is a partnership between The Manitoba Real Estate Association, New Brunswick Real Estate Association, Newfoundland and Labrador Association of REALTORS, Nova Scotia Association of REALTORS and Prince Edward Island Real Estate Association
• B. It regulates real estate licensing
• C. It manages mortgage lending
• D. It handles property valuations

Answer: (C)

The main idea is to understand what a Real Estate Insurance Alliance would do in the real estate sector. An alliance with this name is centered on financing and risk protection related to real estate transactions, which translates to managing mortgage lending—coordinating lenders, mortgage programs, and related insurance arrangements to help buyers secure financing and protect lenders. Licensing regulation is typically handled by government regulators, not industry alliances. Property valuations are the job of appraisers or valuation bodies, not an insurance-focused lending alliance. Therefore, the mandate most aligned with a Real Estate Insurance Alliance is to manage mortgage lending, making that option the best fit.