William Cazabon - Lifetime Withdrawal from Industry
Calgary, Alberta - On July 7, 2010, William Cazabon, former mortgage associate registered with Mortgage Line Corp. and with MortgageBrokers.com Financial Group of Companies Inc. o/a MortgageBrokers.com, applied to the Real Estate Council of Alberta to withdraw from industry membership, in accordance with section 54 of the Real Estate Act (REA).
At the time of his application, Mr. Cazabon was the subject of conduct proceedings to determine whether he
- participated in the creation of documents he knew to be false or misleading to facilitate the issuance of mortgages through deceit [s.42(b) of the REA Rules]
- encouraged a member of the public to participate in a scheme he knew was fraudulent or illegal [s.42(b) of the REA Rules]
At the time of the withdrawal application approval, there had been no disciplinary hearing, admissions or findings of fact.
By virtue of operation of the Real Estate Act, Part Three, conduct proceedings are discontinued. Mr. Cazabon’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 real estate, mortgage broker, and real estate appraisal industry professionals 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.