Rajwant Kaur Banwait – Mortgage Associate Authorization Suspended

Calgary, Alberta – On April 7, 2011, pursuant to section 38(4.2) of the Real Estate Act, the Executive Director of the Real Estate Council of Alberta suspended the authorization of Rajwant Kaur Banwait, who was not registered with an Alberta mortgage brokerage at the time of the suspension.

As a result of this suspension, Rajwant Kaur Banwait may not deal in mortgages in Alberta at this time. 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.