Letters of Reprimand (August 24 – September 21, 2021)
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Letters of Reprimand (August 24 – September 21, 2021)

Real Estate Act Rules s.41(b) Real estate licensees must provide competent service. Real estate associate registered with BGB Realty Inc. o/a Re/Max Realty Professionals. On May 7, 2021, John brought their buyer clients to view a property. The sellers returned home to find their back door and the lockbox open. John had trouble securing the…

Administrative Penalties (August 24 – September 21, 2021)
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Administrative Penalties (August 24 – September 21, 2021)

Real Estate Act Rules s.91(4) A real estate brokerage must file their brokerage’s accounting within threemonths of the end of their fiscal year. Real estate broker registered with Best Step Real Estate Services Ltd. Best Step Real Estate Services Ltd.’s fiscal year end was on March 31, 2021. RECA sent numerous email reminders to John…

John William Wade – Hearing Panel Decision – Phase 2: Decision on Sanction and Costs
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John William Wade – Hearing Panel Decision – Phase 2: Decision on Sanction and Costs

Real estate associate registered at the time of conduct with 4th Street Holdings Ltd. o/a Re/Max Real Estate (Central). Currently registered with Irealty Calgary Inc. o/a Re/Max IRealty Innovations. On August 11, 2021, a Hearing Panel concluded a Phase 2 hearing and made a decision on sanctions and costs after a Phase 1 hearing confirmed…

Understanding the Real Property Report (R.P.R)

Understanding the Real Property Report (R.P.R)

HOW DOES A REAL PROPERTY REPORT PROTECT YOU? A current Real Property Report (RPR) provides accurate, clearly presented, formal information about one of the largest financial investments most people ever make. Sellers who can provide a Real Property Report with Compliance from the city protect themselves from liability and provide solid reassurance to Buyers that…

John William Wade – Hearing Panel Decision
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John William Wade – Hearing Panel Decision

• No person shall (b) trade in real estate as a real estate broker unless that person holds the appropriate licence for that purpose issued by the Real Estate Council of Alberta. • Industry members must: (d) fulfill their fiduciary obligations to their clients • Industry members must: (e) ensure the role of the industry…

No person shall trade in real estate unless that person has proper authorization (Real Estate Act s.17(a))
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No person shall trade in real estate unless that person has proper authorization (Real Estate Act s.17(a))

Real estate associate registered with Northern Lights Realty Ltd. o/a Royal Lepage Northern Lights Realty• In January 2020, John contacted a buyer client to arrange to show them a commercial property• John drove the buyer and their assistant to a commercial property• John contacted an agent via telephone in the property parking lot, which they…

Mortgage brokers must ensure the business of the brokerage is carried out competently (Real Estate Act Rules s.67(1)(e))
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Mortgage brokers must ensure the business of the brokerage is carried out competently (Real Estate Act Rules s.67(1)(e))

Mortgage broker registered at the time with 1318749 Alberta Ltd. o/a Dominion Lending Centres House, now called 1318749 Alberta Ltd. o/a Harman deep Arora Group Mortgage Alliance.• From July 1, 2019 to June 22, 2020, John’s mortgage brokerage failed to have insurance in place• John was the broker at the time• During the period of…

Real estate licensees must provide competent service (Real Estate Act Rules s.41-b)
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Real estate licensees must provide competent service (Real Estate Act Rules s.41-b)

Real estate associate registered with Sterling Realty (Alberta) Ltd. o/a Sterling Real Estate• John was representing buyers interested in viewing a property • John’s brokerage adopted a brokerage policy that individuals present for showings must wear a mask• On March 29, 2021, John had permission to bring their buyer clients to view a property• The…

HOW DOES A REAL PROPERTY REPORT PROTECT YOU?

HOW DOES A REAL PROPERTY REPORT PROTECT YOU?

A current Real Property Report (RPR) provides accurate, clearly presented, formal information about one of the largest financial investments most people ever make. Sellers who can provide a Real Property Report with Compliance from the city protect themselves from liability and provide solid reassurance to Buyers that they are not investing in future trouble. A…

Consumer Alert: Dreamland Homes – Unlicensed Brokerage

Consumer Alert: Dreamland Homes – Unlicensed Brokerage

Calgary, Alberta – The Real Estate Council of Alberta (RECA) is warning consumers about Dreamland Homes, which has been offering real estate and mortgage services without a licence in the Calgary area. Dreamland Homes, formerly operating as Nawab Homes, is an unlicensed brokerage operated by two unlicensed individuals: Azher Haleem Chaudhary (Chaudhary) and Syed Hassan-Nawab…

Consumer Alert: Warren Phipps and Mountain Park Real Estate – Unauthorized Property Management

Consumer Alert: Warren Phipps and Mountain Park Real Estate – Unauthorized Property Management

Calgary, Alberta—The Real Estate Council of Alberta (RECA) is warning consumers about Warren Phipps, a former real estate broker, and Mountain Park Real Estate Ltd., a former brokerage in the Calgary area. Phipps was offering property management services through Mountain Park Real Estate Ltd. without holding a real estate licence from RECA. On March 26,…

Case Studies Jan-21

Case Studies Jan-21

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Case Studies Dec-20

Case Studies Dec-20

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