April 8, 2020 – Mountain Park Real Estate Ltd. Brokerage Licence Suspended

Mountain Park Real Estate registered a new broker on April 15, 2020 and the suspension was lifted.

Calgary, Alberta – On April 8, 2020, the Real Estate Council of Alberta (RECA) suspended the licence of Mountain Park Real Estate Ltd., following the suspension of its broker, Warren Phipps, on March 26, 2020 and the subsequent failure to register a replacement broker with the brokerage.

As a result of the brokerage licence suspension, the registrations of any industry professionals who were registered with this brokerage are cancelled and service agreements with this brokerage end. To read more about what to do if your brokerage shuts down, or if a brokerage you are dealing with shuts down, please see the Information Bulletin: When your real estate brokerage closes.

All active trades in real estate involving this brokerage are affected. Brokerages or consumers who have pending purchases, leases, or sales with deposits being held in trust with this brokerage should consider amending their purchase contract to transfer their trust deposit to a different brokerage or lawyer.

If you have questions or concerns regarding the suspension of this brokerage, please contact RECA at: 403-228-2954, or by email at: info@reca.ca.

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