Cherie Ann Birch – Suspended from Authorization Ms Birch was previously registered as a real estate associate with Re/Max Real Estate Lethbridge and was most recently registered as a mortgage broker with Centum Professional Mortgage Group. James D. Mercier - Real Estate Associate Licence Suspended As a result of this suspension, Mr. Mercier may not trade in real estate in Alberta at this time. Mr. Mercier’s suspension does not affect the trading activities of Twin Oakes Real Estate 1993 Inc. o/a Re/Max House of Real Estate. Oldin Yadir Maldonado - Real Estate Associate Licence Suspended As a result of information received by the Real Estate Council of Alberta, it was concluded that a suspension of Mr. Maldonaldo’s license was in the public interest. As well, it was determined the continuation of his license would harm the integrity of the industry and bring the industry into disrepute. As a result of this suspension, Oldin Yadir Maldonado cannot trade in real estate in Alberta at this time. Sanjay Sharma - Real Estate Associate Broker Licence Suspended 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. Troy Lyle Zimmerling - Mortgage Associate Licence Suspended As a result of this suspension, Troy Lyle Zimmerling may not deal in mortgages in Alberta at this time.
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Education CornerThe next real estate and mortgage broker Re-Licensing Education Program (REP) courses – Real Estate Update 2009-2010 and Mortgage Broker Update 2009-2010 – will launch on October 1, 2009. LEgal cornerJudge dismisses an industry member's claims to commissions in a commercial real estate deal. Reduced FeesEffective July 1, 2009 through to September 30, 2009, the licensing and registration fee for each class of licence will be reduced to $100. CONTACT RECAThe Regulator is published by the Real Estate Council of Alberta. Please forward any questions regarding the content of the Regulator, or any questions regarding licensing or mandatory education, to info@reca.ca. Please forward your comments and suggestions for our next issue of the Regulator, and any broken links, to communications@reca.ca. |
REAL ESTATE COUNCIL 4954 Richard Road SW, Suite 350 Calgary, AB T3E 6L1 |
Phone (403) 228-2954 |
Executive Director Director of Audit and Investigations |
Director of Corporate Services Director of Industry Standards |