Ronald Mercier - Lifetime Withdrawal from Industry
Calgary, Alberta – On April 16, 2014, Ronald Mercier, previously a real estate broker and a mortgage broker in Edmonton, applied to permanently withdraw from industry membership.
At the time of his application, Mr. Mercier was the subject of conduct proceedings to determine whether he:
- represented a lender in a mortgage transaction without entering into a written service agreement.
- failed to disclose to the borrower the nature of his relationship with the lender and how he would be compensated for the transaction.
- failed to disclose in writing to the parties to a deal in mortgages what steps, if any, he took to verify information obtained or supplied.
- failed to disclose to his client, at the earliest practical opportunity, any conflict of interest he had in the course of providing services to, or in his dealings with, a client.
- failed to provide competent service.
At the time of the withdrawal application approval, there had been no disciplinary hearing, admissions of conduct or findings of fact. The Real Estate Council of Alberta (RECA) approved Mr. Mercier’s application to withdraw and this results in a voluntary lifetime prohibition from industry membership; conduct proceedings are now discontinued.
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.