Donald Mike Gray - Real Estate Broker Licence Suspended

Calgary, Alberta – On February 7, 2013, pursuant to section 53(1)(a) of the Real Estate Act, the Real Estate Council of Alberta temporarily suspended the authorization of Donald Mike Gray, former real estate broker registered with DMG Asset Management and Realty Ltd. in Edmonton pending the outcome of conduct proceedings under Part 3 of the Real Estate Act.

It is alleged that contrary to the Real Estate Act and Rules made pursuant to the Real Estate Act, Mr. Gray:

As a result of this suspension, Mr. Gray cannot trade in real estate and cannot provide property management services in Alberta at this time. Mr. Gray’s suspension does not affect the real estate trading and property management activities of DMG Asset Management and Realty Ltd.

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 professionals.