Suspensions (December 21 – February 17, 2022)
Case Summaries | suspensions

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)
Letters of Reprimand | Case Summaries

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)
Administrative Penalties | Case Summaries

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…

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

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

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 lockbox, but believed it was locked when they left. John did not…

Administrative Penalties (August 24 – September 21, 2021)
Administrative Penalties | Case Summaries

Administrative Penalties (August 24 – September 21, 2021)

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 to file the appropriate forms by June 30, 2021. RECA received the appropriate forms on August 4, 2021. $1,500 Real estate broker registered…

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

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
Case Summaries | Hearing Panel Decision

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))
Case Summaries | Administrative Penalties

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))
Case Summaries | Administrative Penalties

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)
Case Summaries | Administrative Penalties

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…