Publications & Resources > News Releases > 2010

For immediate release
July 26, 2010

Gerard Yoofi Hagan – Real Estate Associate License Suspended

Calgary, Alberta – On July 26, 2010, Gerard Yoofi Hagan’s authorization to trade in real estate was suspended by order of a Hearing Panel of the Real Estate Council of Alberta (RECA) for a period of one month.  Mr. Hagan was also ordered to pay a fine in the amount of $2,500 and costs in the amount of $1,500, as well as to complete educational requirements.

At times relevant to this disciplinary action, Mr. Hagan was registered as a real estate associate with XCD Realty Inc. o/a XCD Realty and with Sterling Realty (Alberta) Ltd. o/a Sterling Real Estate.
Mr. Hagan acted contrary to the Real Estate Act Rules when he made an inaccurate representation which misled a person at RECA.  In particular, he failed to act honestly in making several misrepresentations that he had no prior criminal conviction and swore two affidavits attesting to the truth of this misrepresentation.

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.