April 8, 2020 – Realstar Management Limited Brokerage Licence Suspended

Calgary, Alberta – On April 8, 2020, the Real Estate Council of Alberta (RECA) suspended the licence of Realstar Management Limited.

Under Section 35(2)(b) of the Real Estate Act Rules, the executive director may suspend the licence of a brokerage if the executive director receives information that indicates the individual who is registered as the broker has resigned or ceased to be the broker.

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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