Todd Farron - Lifetime Withdrawal from Industry

Calgary, January 5, 2004 - On December 17, 2003, Todd Farron, who was formerly licensed as a real estate agent with R & D Realty Inc. o/a Maxwell Canyon Creek in Calgary, applied to the Real Estate Council of Alberta to withdraw from industry membership in accordance with section 54 of the Real Estate Act.

 At the time of the application and since March 7, 2003, Mr. Farron had not been trading in real estate in the Province of Alberta.  Mr. Farron was facing many serious allegations of misconduct relating to mortgage fraud issues, and would have been required to appear before a hearing panel of the Real Estate Council of Alberta at a future date to respond to these allegations.

 Considering the nature of the misconduct allegations, and the fact that there is likely no greater disciplinary penalty than not being licensed to act as an industry member again in Mr. Farron’s life, the Real Estate Council of Alberta approved Mr. Farron’s application.  The lifetime ban on industry membership was effective on withdrawal application approval.

 As a result of the approval of Mr. Farron’s application to withdraw from the industry, the conduct proceedings have been discontinued. Mr. Farron’s withdrawal application does not constitute an admission of any allegations of misconduct.

The Real Estate Council of Alberta (RECA) is an independent, non-governmental agency, responsible for the regulation of the real estate and mortgage brokerage industries.  This includes real estate brokers, business brokers, property managers and mortgage brokers.  RECA is mandated to protect consumers and to provide services that enhance and improve the industry and the business of industry members.