November 23, 2018 – Richard Horb’s Real Estate Licence Suspended

Calgary, Alberta – On November 23, 2018, a Real Estate Council of Alberta (RECA) Hearing Panel suspended Richard Horb’s real estate licence for one month; ordered him to pay fines and costs totaling $11,000; and, ordered him to complete educational requirements.

The Hearing Panel found Mr. Horb:

  • failed to act honestly;
  • made representations or carried on conduct that was reckless or intentional and that misled or deceived any person or was likely to do so;
  • failed to provide amendments to a service agreement in writing and obtain the signatures of the relevant parties.

Mr. Horb was most recently a real estate associate with Re/Max Real Estate (Edmonton) Ltd. o/a Re/Max Real Estate. To review the Hearing Panel order in its entirety.

*Update: Mr. Horb’s one-month suspension ended on December 23, 2018. Mr. Horb remains ineligible for authorization until all fines, costs, and education requirements are met.

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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