Sanjay Sharma - Lifetime Withdrawal from Industry
Calgary, Alberta - On August 5, 2009, Sanjay Sharma, associate broker most recently registered to Best Buy Realty Inc., applied to the Real Estate Council of Alberta (RECA) to withdraw from industry membership in accordance with section 54 of the Real Estate Act(REA).
At the time of his application, Mr. Sharma was the subject of conduct proceedings to determine whether
- he failed to fulfill his fiduciary duty to a client (REA Rule s.41(d))
- he failed to disclose a conflict of interest (REA Rule s.41(f))
- he participated in fraudulent or unlawful activities in connection with the provision of services (REA Rules s.42(b))
By virtue of operation of the Real Estate Act, Part Three conduct proceedings are discontinued. Mr. Sharma’s application to withdraw was approved by RECA and results in a voluntary lifetime prohibition from industry membership.
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.