Stanley Penchuk - Lifetime Withdrawal from Industry

Calgary, Alberta – On November 5, 2008 Stanley Penchuk, who was last licensed as a candidate appraiser with Atkinson and Associates in Calgary, applied to the Real Estate Council of Alberta (RECA) to withdraw from industry membership in accordance with section 54 of the Real Estate Act. A period of unlicensed activity occurred and Mr. Penchuk indicated no intention of continuing in the industry. Mr. Penchuk’s application to withdraw was approved by RECA and results in a voluntary lifetime prohibition from industry membership. The withdrawal does not constitute an admission of misconduct.

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