January 22, 2020 – Balbir Kaur Kainth: Lifetime Withdrawal from Industry

Calgary, Alberta – On January 22, 2020, Balbir Kaur Kainth, previously a real estate associate in Calgary, applied to permanently withdraw from industry membership.

At the time of her application, Ms. Kainth was the subject of an investigation under the Real Estate Act. The issues under investigation were whether Ms. Kainth:

  • received trust finds into her personal account without a service agreement setting out the terms upon which the funds were to be received, held and disbursed
  • provided services in which she had a conflict of interest without receiving written and informed consent of the party; and
  • provided an inducement without approval of the brokerage

At the time of Ms. Kainth’s withdrawal from industry, the investigation was not complete and there had been no disciplinary hearing, admissions, or findings of fact.

The Real Estate Council of Alberta approved Ms. Kainth application to withdraw, and this results in a voluntary lifetime prohibition from industry membership; conduct proceedings are now discontinued.

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