Consumers Are Covered With Reca

Real Estate Council of Alberta
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On June 7, 2016, Alberta Court of Queen’s Bench Justice Sheilah Martin sentenced Kevin Kumar and his associate, Derek Johnson, to two months in jail for civil contempt of court for breaching a court-ordered injunction to stop trading in real estate and dealing in mortgages without a licence. In early June, Derek Johnson was arrested and served his jail time.

RECA has issued an Administrative Penalty of $25,000 for unlicensed activity to Kevin Kumar, and previously issued five administrative penalties against Derek Johnson for unlicensed activity, with fines totaling more than $100,000. These penalties remain unpaid.

If someone offers to represent you in a real estate transaction or assist you with securing mortgage financing, ensure that individual holds a licence with RECA. Consumers can search for a licensed industry professional through RECA’s website at www.reca.ca. And remember when encountering difficult financial circumstances, if someone offers you a way out that sounds too good to be true, it usually is. Talk to a licensed industry professional.

The Real Estate Council of Alberta (RECA) is an independent, non-government agency, responsible for governing real estate, mortgage broker, property management, and real estate appraisal industry professionals under Alberta’s Real Estate Act. RECA’s mandate is to protect consumers and to provide services that enhance and improve the industry and the business of industry professionals.

The authority for a positive real estate experience
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For more information:
Natalie Scollard, Communications Manager
Real Estate Council of Alberta
T: (403) 228-2954 1-(888)-425-2754
E: communications@reca.ca

Real Estate Council of Alberta
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