Rahima Athari - Lifetime Withdrawal from Industry

Calgary, Alberta – On November 5, 2008 Rahima Athari former mortgage associate most recently registered with Centum Micasa Mortgage Corp. applied to the Real Estate Council of Alberta (RECA) to withdraw from industry membership in accordance with section 54 of the Real Estate Act. At the time of her withdrawal application, a RECA investigation was ongoing to determine whether Ms Athari was involved in fraudulent or unlawful activities including whether she was completing mortgage financing applications on behalf of buyers whose mortgages she or her associates later assumed.

Ms Athari’s application to withdraw was approved by RECA and results in a voluntary lifetime prohibition from industry membership. By virtue of operation of the Real Estate Act, conduct proceedings are discontinued. Ms Athari’s withdrawal application does not constitute an admission of misconduct.

The Real Estate Council of Alberta (RECA) is an independent, non-government agency, responsible for regulating industry professionals in the real estate, mortgage broker, and real estate appraisal industries under Alberta’s Real Estate Act. RECA is mandated to protect consumers and to provide services that enhance and improve the industry and the business of industry members.