WHEREAS by Section 11 of the Real Estate Act, the Real Estate Council of Alberta (the “Council”) has the authority to make bylaws.
THEREFORE BE IT RESOLVED THAT:
The Council hereby adopts the attached Administrative Penalties as Schedule 2 of the Real Estate Act bylaws.
The Council hereby makes the following amendments to:
Bylaw 32 (1) The contraventions of the provisions listed in column I of Schedule 2 to these bylaws are hereby designated as the contraventions which may be dealt with under and in accordance with the procedure set out in section 83 of the Act.
(2) The amount set out in an item of column II of Schedule 2 to these bylaws is the maximum amount that may be assessed as an administrative penalty for the contravention of the provision set out in column I of that item for each day that the contravention continues.
DATED at Calgary, Alberta, this 8th day of November 2006.