Krishan Lal Mall - Real Estate Licence Suspended
Calgary, Alberta - On November 24, 2016, a Real Estate Council of Alberta (RECA) Hearing Panel suspended Krishan Lal Mall’s real estate licence for two months; ordered him to pay fines and costs totaling $15,500; and, ordered him to complete five units from the Fundamentals of Real Estate course.
Mr. Mall shall not be re-authorized to trade in real estate until he completes all education as required by the Hearing Panel.
The Hearing Panel found Mr. Mall:
- knowingly or recklessly made representations in the course of marketing properties that were untrue in a material respect
- failed to fulfill his fiduciary obligation by failing to act in his clients’ best interests
- acted for more than one party in a transaction without providing full disclosure and without obtaining consent to do so in writing
During the conduct in question, Mr. Mall was registered as a real estate associate with Twin Oakes Real Estate 1993 Inc. o/a Re/Max House of Real Estate in Calgary.To review the Hearing Panel order in its entirety, please click here.
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.