Real Estate Act

Part 1 - Real Estate Council of Alberta

Section 16 - Annual Report
16(1)  Not later than 120 days after the last day of the Council’s fiscal year, the Council shall
 

(a)

prepare an annual report for the previous fiscal year that must
    (i) contain an audited financial statement summarizing the income and expenditures of the Council,
    (ii) state the number of industry members in each class or category of authorization issued by the Council,
    (iii) for each class or category of authorization state the number of persons
      (A) who were refused an authorization, or
      (B) whose authorizations were cancelled, suspended or made conditional,
    (iv) contain a list of current members and officers of the Council, and
    (v) contain any other information that the Council determines relevant or necessary, or that the Minister requires;
  (b) cause a copy of the report to be delivered to the Minister.
(2) Not later than 120 days after the last day of the Fund’s fiscal year, the Council shall
  (a) cause a report to be prepared as to the Fund and all dispositions made from it during the previous fiscal year, and
  (b) cause a copy of the report to be delivered to the Minister.
(3)

In addition to the reports under this section, the Council shall provide the Minister with financial statements or other information concerning the Council or the Fund when required to do so by the Minister.

 

1995 cR‑4.5 s16

 

Continue with Part 2 Section 17 - Regulation of Business of an Industry Member

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