November 23, 2018 – Sameer Kalia – Real Estate Licence Suspended

NOTE: The Hearing Panel has stayed their decision on sanction pending the outcome of an Appeal.

Calgary, Alberta – On November 23, 2018, a Real Estate Council of Alberta (RECA) Hearing Panel suspended Sameer Kalia’s real estate licence for three months; ordered him to pay fines and costs totaling $33,294; and, ordered him to complete educational requirements.

The Hearing Panel found Mr. Kalia:

  • failed to fulfill his fiduciary obligations to his client;
  • failed to disclose a conflict of interest;
  • 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 the broker all original documentation and copies of original documents provided to the parties or maintained by other brokerages;
  • failed to disclose that he had a direct interest in the transaction.

At the time of the events in question, Mr. Kalia was a real estate associate with Century 21 A.L.L. Stars Realty Ltd. Mr. Kalia was most recently registered as a real estate associate with Lampas Holdings Ltd. o/a Re/Max River City in Edmonton. To review the Hearing Panel order in its entirety, please click here.

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.

More Info: