A default is a failure to comply with the terms of a legal agreement. Default may lead to the termination of the agreement. In a mortgage agreement, default can mean a failure to make the payments which may result in foreclosure. If the agreement is a purchase agreement, default may allow the other party to terminate the agreement or seek damages.
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Alberta Real Estate Association 
WestMount Corporate Campus
300, 4954 Richard Road SW
Calgary, AB  T3E 6L1

Office Hours
Monday-Friday 8:30 am – 4:30 pm (MST)

Toll Free:    1-800-661-0231 
In Calgary: 
(messages can be left after hours and will be returned the following business day) 
Fax:             1-403-228-4360
E-mail: (general inquiries) (government relations/advocacy inquiries) (professional development inquiries) (forms content inquiries)