RECA Press Release

press briefing
RECA Press Release

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…

reca press release
RECA Press Release

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

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Case Studies

Case Studies Jan-21

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Brain
Case Studies

Case Studies Dec-20

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News

Calgary housing market
News

Real Estate Council of Alberta warns public of common fraud schemes as part of Fraud Prevention Month

Real Estate Council of Alberta warns public of common fraud schemes as part of Fraud Prevention Month Calgary, Alberta – March marks the beginning of Fraud Prevention Month across Canada. The Real Estate Council of Alberta (RECA) is taking action to raise awareness about common fraud scenarios in the real estate sector. “During the pandemic we’ve…

Calgary housing market
News License Cancelled

Real Estate Licence Cancelled, Barred from Becoming Licensed for Seven Years

Real Estate Licence Cancelled, Barred from Becoming Licensed for Seven Years Calgary, Alberta — on February 24, 2022, a Hearing Panel for the Real Estate Council of Alberta (RECA) cancelled the licence of John Doe and barred John from becoming eligible for licensing for seven years. John is not licensed to trade in real estate in…

Calgary housing market
News

Lifetime Withdrawal from Industry

Lifetime Withdrawal from Industry Calgary, Alberta—On March 17, 2022, the Mortgage Broker Industry Council of the Real Estate Council of Alberta (RECA) approved an application by Jane Doe under section 54 of the Real Estate Act to permanently withdraw their licence, effective immediately. At the time of their application, Jane was the subject of an investigation under…

Calgary housing market
News

Be Aware of Unlicensed Practice

Be Aware of Unlicensed Practice RECA takes unlicensed activity seriously. A person cannot trade in real estate, deal in mortgages or act as a property or condominium manager without an licence issued by RECA (s. 17 of the Real Estate Act). Sometimes the line between licensed and unlicensed activity is misinterpreted, which unfortunately leads to Alberta…

Real Estate University

Understanding Real Property Report

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Real Property Report

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…

Calgary Market Predictions

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