Real Estate Council of Alberta Kicks Off Fraud Prevention Month with New Consumer Resources

Calgary, Alberta – As this year’s Fraud Prevention Month begins, the Real Estate Council of Alberta (RECA) is strengthening its commitment to mortgage fraud prevention and awareness in Alberta with the launch of new consumer resources.

As the licensing and regulatory body for Alberta’s 15,000 real estate, mortgage brokerage and real estate appraisal professionals, RECA’s purpose includes protecting against, investigating, detecting and suppressing mortgage fraud. The launch of new resources ensures consumers have the information they need to protect themselves from becoming the unwilling or unwitting victims of mortgage fraud scams.

“Knowledge is power,” says Krista Bolton, current RECA Chair. “Informed consumers are better protected consumers. While ensuring competent and ethical licensees is fundamental to RECA’s role, providing consumers with factual, independent information about mortgage fraud prevention and awareness is also an important component of our consumer protection mandate.”

RECA’s role in mortgage fraud prevention and awareness across Alberta has included mandatory fraud awareness courses for all licensees; the publication of red flag tip sheets to help licensees detect mortgage fraud; and, serving on a Government of Alberta advisory committee on mortgage fraud.

The new mortgage fraud awareness and prevention resources for consumers are available now on RECA’s website. RECA will be participating in Fraud Prevention Month activities throughout March.

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’s mandate is to protect consumers and to provide services that enhance and improve the industry and the business of industry professionals.