Calgary, Alberta – On May 23, 2007, Stacy Augusto, who most recently was licensed as a real estate associate with Challenge Realty Ltd. o/a Realty Executives Challenge in Edmonton, applied to the Real Estate Council of Alberta (RECA) to withdraw from industry membership in accordance with section 54 of the Real Estate Act. Ms. Augusto's application to withdraw was approved by RECA and results in a voluntary lifetime prohibition from industry membership.
At the time of her withdrawal application, Ms. Augusto was the subject of a disciplinary proceeding which, by virtue of the approved withdrawal application, is discontinued. Ms. Augusto’s withdrawal application does not constitute an admission of misconduct.
The Real Estate Council of Alberta (RECA) is an independent, non-government agency, responsible for regulating real estate, mortgage broker, and real estate appraisal industry professionals under Alberta’s Real Estate Act. RECA is mandated to protect consumers and to provide services that enhance and improve the industry and the business of industry members.