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 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 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 Act s.17(a) & (b) s.17(a). No person shall deal as a real estate broker unless that person holds theappropriate authorization.s.17(b). No person shall deal as a mortgage broker unless that person holds theappropriate authorization. Not licensed • Instance 1 – $25,000• Instance 2 – $25,000• Instance 3 – $25,000• Instance 4 – $25,000•…
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…
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 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 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…
A Reputation Built on Trust
