Sanjay Sharma - Real Estate Associate Broker Licence Suspended
Calgary, Alberta - On June 4, 2009, pursuant to section 53(1)(a) of the Real Estate Act, the Real Estate Council of Alberta temporarily suspended the authorization of Sanjay Sharma, an associate broker trading in real estate and registered with Best Buy Realty operating in Edmonton, pending the outcome of conduct proceedings under Part 3 of the Real Estate Act.
Allegations against Mr. Sharma include that he failed to fulfill his fiduciary duties, failed to disclose a conflict of interest, participated in fraudulent or unlawful activities in connection with provision of service and engaged in conduct that undermines the confidence in the industry.
As a result of this suspension, Mr. Sharma may not trade in real estate in Alberta at this time. Mr. Sharma’s suspension does not affect the trading activities of Best Buy Realty.
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.
