Real Estate Council of Alberta (RECA) Applauds Court of Queen’s Bench Sanction of Derek Johnson and Kevin Kumar
Calgary, Alberta – The Real Estate Council of Alberta (RECA) applauds the recent sanctioning of Derek Johnson and Kevin Kumar, and again reminds consumers of the importance of working with licensed real estate and mortgage brokerage professionals.
This reminder follows Alberta Court of Queen’s Bench Justice Sheilah Martin’s sanctioning of Derek Johnson and Kevin Kumar to two months in jail for civil contempt of court for breaching a court-ordered injunction to stop trading in real estate and dealing in mortgages without a licence.
“Derek Johnson, Kevin Kumar and their associates have preyed on innocent Albertans for far too long,” says Bob Myroniuk, executive director of RECA. “They are unlicensed individuals who prey on financially vulnerable Albertans, and RECA remains committed to seeing them brought to justice.
“We are pleased that Justice Martin saw the serious nature of Mr. Johnson and Mr. Kumar’s unlicensed activity,” adds Myroniuk. “RECA has actively pursued these individuals since 2013. Having this sanction imposed by the Court shows that the persistent and public nature of their unlicensed activities cannot – and will not – be tolerated. RECA takes its consumer protection mandate seriously and, when it comes to unlicensed activity, will do everything in its power to stop it.”
Justice Martin also ordered arrest warrants for both Johnson and Kumar. “RECA will coordinate with authorities to ensure all necessary steps are taken to execute the arrest warrants,” says Myroniuk.
RECA has issued five administrative penalties against Derek Johnson for unlicensed activity in the past, with fines totaling more than $100,000. RECA has also issued an Administrative Penalty of $25,000 for unlicensed activity to Kevin Kumar. These penalties remain unpaid. To read more about the Derek Johnson matter, please click here.
Consumers who believe they have had dealings with Derek Johnson and/or Kevin Kumar, or other unlicensed individuals are encouraged to contact RECA at 1-888-425-2754 or via email at email@example.com.
If someone offers to represent you in a real estate transaction or assist you with securing mortgage financing, ensure that individual is licensed by RECA. Consumers can search for a licensed industry professional through RECA’s website at www.reca.ca.
The Real Estate Council of Alberta (RECA) is an independent, non-government agency, responsible for governing real estate, mortgage broker, property management, and real estate appraisal industry professionals under Alberta’s Real Estate Act. RECA’s mandate is to protect consumers and to provide services that enhance and improve the industry and the business of industry professionals.