October 4

Calgary man posing as realtor facing more fines

by News Staff Posted Aug 18, 2014 3:28 pm MDT Reputation may go a long way but Calgarians are being encouraged to check the credentials of potential realtors. It comes after a Calgary man was fined, once again, by the Real Estate Council of Alberta. Derek Johnson is facing the maximum fine of $25,000 for acting as a realtor and mortgage broker, without proper licensing or authorization. Charles Stevenson, director of professional standards at the Real Estate Council of Alberta, said Albertans can easily check credentials by going to their website and searching a realtors name in their database. http://www.reca.ca/consumers/consumers.htmHe said the reasoning behind finding someone with a licenced broker is about more than just following the rules. “This really is about consumer protection,” Stevenson said. “In Alberta, if you are going to represent someone else, in a trade in real estate, or if you are going to be an intermediary, or represent a lender or a borrower in dealing mortgages, you must be authorized to do so.”Johnson was first fined back in March 2013, and then again in July 2014 for failing to comply. Calgary man posing as realtor facing more fines AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more