Recent Case Summaries
Suspensions (December 21 – February 17, 2022)
Jane was most recently registered as a mortgage associate with MA Mortgage Architects Inc. O/A Mortgage Architects. On January 31, 2022, the Chair of the Mortgage Broker Industry Council of the Real Estate Council of Alberta (RECA) suspended the mortgage associate license of Jane. Jane is not licensed to deal in mortgages. The Chair determined…
Letters of Reprimand (December 21 – February 17, 2022)
Mortgage Associate registered at the time of conduct with The Mortgage Alliance Company of Canada Inc. o/a Mortgage Alliance. Currently registered with 1170245 Alberta Inc. o/a Dominion Lending Centres Global Between August 2016 and July 2017, John was approached by three separate clients for their assistance in obtaining financing for three separate properties John’s clients…
Administrative Penalties (December 21 – February 17, 2022)
Not licensed • Instance 1 – $25,000• Instance 2 – $25,000• Instance 3 – $25,000• Instance 4 – $25,000• Instance 5 – $25,000• Instance 6 – $25,000 Total Fines: $150,000 On November 30, 2020, John’s license was suspended by order of the Administrator of the Real Estate Council of Alberta Between April–September 2021, John represented…
June 16 – July 21, 2021 Case Summaries
Warren Phipps – Lifetime Withdrawal from Industry
Real estate trust account shortages, Trust rule violations, Missing net-rent payments, Misleading representations, Failure to provide competent service, Practicing without proper authorization
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))
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))
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)
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…
Hey!! To Facilitate the Readers, We have also classified Case Summaries on the basis of Administrative actions taken against certain individuals who were not complying with the Real Estate Rules and Regulations
Administrative Penalties
Real Estate Council of Alberta imposed Administrative Penalties on Realtors
Real Estate Council of Alberta imposed Administrative Penalties on Realtors Real Estate Act s.41(a) A real estate licensee must act honestly. Real estate associate registered at the time of conduct with 4 million.ca Inc. o/a Estateview. Currently Grand Realty & Management Ltd. o/a Grand Realty. On September 25, 2020, John submitted a License Renewal Application…
Unlicensed Activity
Unlicensed Activity Calgary, Alberta – The Real Estate Council of Alberta (RECA) is warning consumers against hiring John Doe who is not licensed to provide real estate and mortgage services in Calgary. John was formerly licensed with RECA, but his licenses were suspended by RECA on November 30, 2020, pending the result of an investigation into…
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…
Hearing Panel Decision
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…
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…
Lifetime Withdrawal
Realtors who face lifetime withdrawal from Alberta Housing Market
Realtors facing lifetime withdrawal from Alberta Housing Market On April 13, 2022, the Residential Property Manager Industry Council of the Real Estate Council of Alberta (RECA) approved an application by John Doe under section 54 of the Real Estate Act to permanently withdraw their license from Alberta Housing market, effective immediately. At the time of…
Warren Phipps – Lifetime Withdrawal from Industry
Real estate trust account shortages, Trust rule violations, Missing net-rent payments, Misleading representations, Failure to provide competent service, Practicing without proper authorization
