Reshma Bai Murti - Lifetime Withdrawal from Industry
Calgary, Alberta – On January 19, 2012, Reshma Bai Murti, real estate associate licensed and registered with Pinnacle Realty & Management Inc., applied to withdraw from industry membership in accordance with s.54 of the Real Estate Act.
At the time of her application, Mrs. Murti was the subject of conduct proceedings to determine whether she arranged a mortgage for a person based on an inflated value of a property to the benefit of Mrs. Murti’s son and to the detriment of the other person.
At the time of the withdrawal application approval, there had been no disciplinary hearing, admissions or findings of fact.
By virtue of operation of Part Three of the Real Estate Act, conduct proceedings are discontinued. Mrs. Murti’s application to withdraw was approved by the Real Estate Council of Alberta 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 governing 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.