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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…
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…
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…
Be Aware of Unlicensed Practice
Be Aware of Unlicensed Practice RECA takes unlicensed activity seriously. A person cannot trade in real estate, deal in mortgages or act as a property or condominium manager without an licence issued by RECA (s. 17 of the Real Estate Act). Sometimes the line between licensed and unlicensed activity is misinterpreted, which unfortunately leads to Alberta…
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…
Lifetime Withdrawal from Industry
Lifetime Withdrawal from Industry Calgary, Alberta—On March 17, 2022, the Mortgage Broker Industry Council of the Real Estate Council of Alberta (RECA) approved an application by Jane Doe under section 54 of the Real Estate Act to permanently withdraw their licence, effective immediately. At the time of their application, Jane was the subject of an investigation under…