Brokerage Licence Suspended
Calgary, Alberta—on March 7, 2022, the Registrar of the Real Estate Council of Alberta (RECA) suspended the real estate brokerage licence of the John Doe Real Estate Group Ltd. o/a John Doe Realty. The brokerage is not licensed to trade in real estate or provide property management services.
The brokerage failed to immediately fund a trust shortage as directed by the Registrar. As a result, the Registrar has suspended the brokerage licence under section 35(1)(b) of the Real Estate Act Rules, which states:
35(1) In addition to the circumstances under which a licence may be suspended or cancelled under the Act, the registrar may suspend or cancel a brokerage for any of the following reasons:
- when the brokerage fails to immediately fund a trust shortage as directed by the registrar
Consumers currently engaged in a property management agreement with John doe Group Ltd. should contact them to discuss how their licence suspension impacts their ability to meet the obligations under their individual agreement. The brokerage can no longer provide any services that require a licence.
Consumers with money currently held in trust by the John Doe Real Estate Group Ltd. o/a John Doe Realty should contact RECA by emailing firstname.lastname@example.org.