Calgary, AB – On October 17, 2019, a Hearing Panel for the Real Estate Council of Alberta (RECA) cancelled the real estate licence of Mehboob Ali Merchant, effective October 17, 2019. Mr. Merchant is not eligible to reapply for any new licence from RECA until October 18, 2020. Mr. Merchant must also pay $21,000 in fines and $1,500 in costs. The Hearing Panel will provide reasons for the decision at a later date.
As a result of this cancellation, Mr. Merchant may not trade in real estate in Alberta. Before being eligible to apply for a licence Mr. Merchant must successfully satisfy all pre-licensing education requirements.
Mr. Merchant was registered with Century 21 Platinum Realty Inc. O/A Century 21 Platinum Realty.