WHEREAS by Rule 67(2) under the Real Estate Act, S.A. 1995, c. R-4.5 (the “Act”), the Real Estate Council of Alberta (the “Council”) has the power, duty and responsibility to prescribe, adopt and approve the bond form to be provided by an applicant who wishes to be licensed as a mortgage agent;
AND WHEREAS by Section 15(1) of the Act, the Council has the authority to delegate its powers, duties and responsibilities relating to the bond form;
THEREFORE BE IT RESOLVED THAT:
The Council hereby delegates to the Executive Director its power, duty and responsibility to prescribe, adopt and approve the bond form.
DATED at Calgary, Alberta, this 21st day of August 1996.