Paul McAllister - Mortgage Broker Authorization Suspended

Calgary, Alberta – On August 8, 2012, the Real Estate Council of Alberta suspended the authorization of Paul McAllister, mortgage broker. The suspension is in accordance with s.38(4.2) of the Real Estate Act and occurred due to Mr. McAllister’s refusal to cooperate with a person conducting an investigation. As a result of this suspension, Paul McAllister cannot deal in mortgages in Alberta at this time.

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