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
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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…
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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…
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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…
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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…
