The following Information Bulletin is printed in its entirety. Summary: An industry member must not engage in conduct that undermines public confidence in the industry, harms the integrity of the industry, or brings the industry into disrepute. [See: Real Estate Act Rules s.38(d), s. 42(g] Conduct of industry members not directly associated with a trade in real estate, deal in mortgages, real estate appraisal or the provisions of services, may constitute conduct deserving of sanction when such conduct undermines public confidence in the industry, harms the integrity of the industry or brings the industry into disrepute. [Real Estate Act Rules, s. 42(g)]. The Real Estate Council of Alberta (RECA) recognizes the conduct of an industry member outside of their industry activities affects the public’s respect for the industry. There is a broad range of activity that could fall into this category with varying degrees of seriousness and impact on the industry overall. In some cases, industry members who engage in such conduct may also be subject to suspension or cancellation of their licence [Real Estate Act Rules, s. 38(d)]. The seriousness of the conduct, and its impact on the integrity of the industry, will be considered in determining how such conduct will be viewed by RECA. The following is a list of examples of conduct that may be a breach of section 42(g) of the Real Estate Act Rules:
As the courts or other regulatory or law enforcement bodies may be involved in these types of cases, RECA may not commence an investigation into the conduct of the industry member until the appropriate court or regulatory body renders a judgment or decision in the matter. RECA’s approach will depend on the circumstances of each case and public interest considerations.
|
Education CornerThe next real estate and mortgage broker Re-Licensing Education Program (REP) courses will be Real Estate Update 2009-2010 and Mortgage Broker Update 2009-2010. RECA Investigator Wins ARELLO AwardRon Lawson, investigations coordinator of the Real Estate Council of Alberta (RECA), has been selected as the 2009 recipient of the ARELLO® Investigator of the Year award. 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 |