Calgary, Alberta – On July 18, 2018, Bobby Bob Jacob, previously a real estate associate in Calgary, applied to permanently withdraw from industry membership.

At the time of his application, Mr. Jacob was the subject of conduct proceedings under the Real Estate Act. The issues under investigation were whether Mr. Jacob:

• was acting for the complainant buyers in a purchase and sale agreement, and failed to disclose that he was the power of attorney for the sellers
• made representation to the buyers that mislead them about the state of the property inducing them to purchase the property for a price significantly over its market value

At the time of Mr. Jacob’s withdrawal from industry, there had been no disciplinary hearing, admissions, or findings of fact.

The Real Estate Council of Alberta approved Mr. Jacob’s application to withdraw, and this results in a voluntary lifetime prohibition from industry membership; conduct proceedings are now discontinued.

 The Real Estate Council of Alberta (RECA) is an independent, non-government agency, responsible for governing real estate, mortgage broker, property management, 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.

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