WHEREAS by Section 11 of the Real Estate Act, the Real Estate Council of Alberta (the “Council”) has the authority to make bylaws.
THEREFORE BE IT RESOLVED THAT:
The Council hereby adopts the Administrative Penalty as follows:
first contravention of Rule 49 $1,000
second contravention of Rule 49 $2,500
Schedule 2, attached, to the bylaws is amended accordingly.
DATED at Calgary, Alberta, this 24th day of January 2007.