 Publications & Resources > News Releases > 2009
Calgary, Alberta - On, May 25, 2009, pursuant to s. 38 of the Rules made pursuant to the Real Estate Act, the Real Estate Council of Alberta cancelled the licence of Dave Huynh, registered as a mortgage associate with Centum Elite Mortgage in Edmonton.
The cancellation occurred because false or misleading information had been supplied in the licensing process and it would harm the integrity of the industry, bring the industry into disrepute and not be in the public interest to continue to license him.
As a result of this cancellation, Dave Huynh may not deal in mortgages in Alberta at this time. The cancellation of Mr. Huynh’s licence does not affect the trading activities of Centum Elite Mortgage.
Pursuant to section 39 of the Real Estate Act Rules, a person whose licence has been suspended or cancelled pursuant to section 38 of the Rules may request a review of the decision. Mr. Huynh has requested such a review. Mr. Huynh’s licence cancellation pursuant to section 38 of the Rules remains in effect until such time as the review of the cancellation occurs and a decision rendered.
(Note: Pursuant to section 39 of the Real Estate Act Rules, an Appeal Panel of the Real Estate Council of Alberta reviewed the executive director's decision to cancel Mr. Huynh's licence. On July 3, 2009, the Appeal Panel affirmed the decision of the executive director and Mr. Huynh's licence remains cancelled. Mr. Huynh will be eligible to re-apply for his licence in 36 months, as per section 14 of the Real Estate Act Rules. To read the complete Appeal Panel decision, please click here.)
The Real Estate Council of Alberta (RECA) is an independent, non-government agency, responsible for regulating real estate, mortgage broker, and real estate appraisal industry professionals under Alberta’s Real Estate Act. RECA is mandated to protect consumers and to provide services that enhance and improve the industry and the business of industry members. |
