Activities that can cause Mortgage License Suspension in Alberta On February 16, 2022, a Hearing Panel for the Real Estate Council of Alberta (RECA) suspended the mortgage associate licence of John Doe for the period of three months, beginning April 1, 2022 The Hearing Panel determined that John breached the following: Real Estate Act Rules…
Brokerage Licence Suspended Calgary, Alberta—on March 7, 2022, the Registrar of the Real Estate Council of Alberta (RECA) suspended the real estate brokerage licence of the John Doe Real Estate Group Ltd. o/a John Doe Realty. The brokerage is not licensed to trade in real estate or provide property management services. The brokerage failed to…
Real Estate Act Rules s.41 A real estate licensee must provide competent service. 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…
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