March 1, 2019 – Wayne Land: Real Estate Licence Suspended

Calgary, Alberta – On February 28, 2019, a Real Estate Council of Alberta (RECA) Hearing Panel suspended the real estate licence of Wayne Land for three months; ordered him to pay fines and costs totaling $10,500; and, ordered him to complete an educational requirement.

The Hearing Panel found Mr. Land:

  • used money held in trust in a manner contrary to the legislation and to the terms of trust (including the term requiring security deposits to be managed in accordance with the Residential Tenancies Act), in violation of section 25(1)(d) of the Real Estate Act.

Mr. Land was most recently the real estate broker for Oakwood Management Ltd. in Fort Saskatchewan. More information is in the Hearing Panel Decision.

The temporary broker for Oakwood Management Ltd. is Marion Bertie.

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: