Beware of unlicensed professionalsPosted by Matt Ferguson on
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…
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