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…
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
Case Studies Jan-21
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Case Studies Dec-20
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News
Letters of Reprimand issued by RECA from June 13 to July 18, 2022
Letters of Reprimand issued by RECA from June 13 to July 18, 2022 Real Estate Act Rules s.42(a) A licensee must not make representations or carry on conduct that is reckless or intentional to mislead or deceive a person. Jane Doe: Condominium management broker registered with Catalyst Condo Management Ltd. On June 27, 2019, a…
Administrative Penalties by RECA from June 13 to July 18, 2022
Administrative Penalties by RECA from June 13 to July 18, 2022 Real Estate Act s.41(b) A real estate licensee must provide competent service. Jane Doe: Real estate associate broker registered with Walsh Real Estate 2010 LTD. o/a Re/Max Fort McMurray On November 15, 2021, Jane arranged an inspection for their buyer client Jane asked the…
RECA Hearing Panel Decisions from June 13 to July 18, 2022
RECA Hearing Panel Decisions from June 13 to July 18, 2022 Real Estate Associate registered at the time of conduct with Lampas Holdings Ltd. o/a Re/Max River City Issues: The Notice of Hearing submitted by the Registrar outlined four breaches of the Real Estate Act and the corresponding Rules. They are as follows: s. 54(3)…
Brokerage Trust Accounts Frozen
Brokerage Trust Accounts Frozen Calgary, Alberta – On February 25, 2022, the Real Estate Council of Alberta (RECA) froze the trust accounts of John Doe Real Estate Group Ltd. The John Doe Real Estate Group Ltd. is licensed in property management and real estate. At this time no deposits, withdrawals, or transfers can be made…
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…
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…
Real Estate University
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…
Understanding 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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