Douglas Arnott – Lifetime Withdrawal From Industry
Calgary, Alberta – On January 26, 2011, Douglas Arnott, real estate associate, most recently registered to Colliers International Inc. o/a Colliers International, 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. Arnott was the subject of conduct proceedings to determine whether he
- Failed to act honestly [s.41(a) of the REA Rules]
- Failed to act in his clients’ best interest [s.41(b) of the REA Rules]
- Participated in fraudulent or unlawful activities in connection with the provision of services or in any dealings [s.42(b) of the REA Rules]
- Engaged in conduct that undermines public confidence in the industry, harms the integrity of the industry, or brings the industry into disrepute [s.42(g) 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. Arnott’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.