The Real Estate Council of Alberta (RECA), the licensing and regulatory body for real estate, mortgage brokerage, and real estate appraisal professionals, applauds the 4.5-year jail sentence for former Calgary mortgage broker, Brandon Antonini, who was found guilty of 23 counts of theft and fraud in a trial last year.

RECA also commends the Calgary Police Service Economic Crimes Unit and the Crown prosecutor’s office for the work they did on this file.

“The suppression and detection of mortgage fraud is part of our mandate,” says Charles Stevenson, Registrar of RECA. “But it’s through the strong work of police services throughout the province that these types of files can be dealt with criminally.”

RECA suspended Mr. Antonini’s mortgage broker licence in 2013 after allegations that he:

• Made representations or carried on conduct that was reckless or intentional and that misled or deceived any person or was likely to do so; and,
• Participated in fraudulent or unlawful activities in connection with the provision of services or in any dealings.

In 2014, Mr. Antonini took a lifetime ban from Alberta’s real estate, mortgage brokerage, and real estate appraisal industries.

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.

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