FEb 24, 2022

by James Porter, RECA Investigations Manager

RECA takes unlicensed activity seriously. A person cannot trade in real estate, deal in mortgages or act as a property or condominium manager without an licence issued by RECA (s. 17 of the Real Estate Act).

Sometimes the line between licensed and unlicensed activity is misinterpreted, which unfortunately leads to Alberta consumers not being protected by a regulated environment. It can also result in persons being fined or sanctioned for engaging in those activities that require a licence.

Recent Examples of Unlicensed Practice

RECA has seen examples where licensees operate outside of the business of their brokerage and in an area where they do not hold that class of licence. For…

519 Views, 0 Comments

Read Full Post