 Publications & Resources > News Releases > 2010
Calgary, Alberta – On February 16, 2010, pursuant to section 53(1)(a) of the Real Estate Act, the Real Estate Council of Alberta temporarily suspended the authorization of Joel David Helm, former broker and associate broker registered with Helm Property Management & Realty Ltd. in Edmonton pending the outcome of conduct proceedings under Part 3 of the Real Estate Act.
It is alleged that contrary to the Real Estate Act and Rules made pursuant to the Real Estate Act, Mr. Helm failed to keep complete and accurate financial records; failed to deposit funds in a timely manner; disbursed money in a manner contrary to the terms governing the trust; failed to act honestly or in strict accordance with the Real Estate Act; failed to advise the executive director of a trust shortage and failed to fund the shortfall as soon as determined; made misleading representations; and, engaged in conduct that brings the industry into disrepute.
As a result of this suspension, Mr. Helm cannot trade in real estate and cannot provide property management services in Alberta at this time. Mr. Helm’s suspension does not affect the real estate trading and property management activities of Helm Property Management & Realty Ltd.
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. |
