Oldin Yadir Maldonado - Real Estate Associate Licence Suspended

Calgary, Alberta - On June 9, 2009, pursuant to s.38 of the Rules made pursuant to the Real Estate Act, the Real Estate Council of Alberta suspended the licence of Oldin Yadir Maldonado, real estate associate registered with Elite Ownership Group Ltd. operating as Re/Max Elite in Edmonton, Alberta.

As a result of information received by the Real Estate Council of Alberta, it was concluded that a suspension of Mr. Maldonaldo’s licence was in the public interest.   As well, it was determined the continuation of his license would harm the integrity of the industry and bring the industry into disrepute.

As a result of this suspension, Oldin Yadir Maldonado cannot trade in real estate in Alberta at this time.

The Real Estate Council of Alberta (RECA) is an independent, non-government agency, responsible for regulating real estate, mortgage broker, and real estate appraisal professionals 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.