Calgary, Alberta – On August 29, 2019, a Hearing Panel for the Real Estate Council of Alberta (RECA) cancelled the real estate and mortgage licences of Paramjit Kaur Aulakh, effective August 20, 2019. Ms. Aulakh is not eligible to reapply for any new licence from RECA until August 21, 2021.

The Panel cancelled Ms. Aulakh’s licences due to the nature and gravity of the proven allegations, as well as the impact on the clients involved and the reputation of the real estate industry.

The Hearing Panel concluded that Ms. Aulahk’s actions were contrary to the Real Estate Act Rules, including that Ms. Aulahk:

• participated in fraudulent or unlawful activities in connection with the provision of services or any dealings [s.42(b) of the Real Estate Act Rules]
• provided services to her client in a trade or anticipated trade in which she had a conflict of interest without receiving their written and informed consent [s.54(3) of the Real Estate Act Rules]
• failed to:
  • provide competent service to her client [s.41(b) of the Real Estate Act Rules]
  • disclose the details of compensation for services [s.41(c) of the Real Estate Act Rules]
  • ensure her role in the transaction was clearly understood by the client [s.41(e) of the Real Estate Act Rules]
  • disclose the existence of conflict of interest [s.41(f) of the Real Estate Act Rules]
  • fulfil her fiduciary duty of loyalty or confidentiality to the client [s.57(e) of the Real Estate Act Rules]

As a result of this cancellation, Ms. Aulakh may not trade in real estate or deal in mortgages in Alberta. Before being eligible to apply for a licence Ms. Aulakh must successfully satisfy all pre-licensing education requirements.

Ms. Aulakh was registered with 1426300 Alberta Ltd. O/A Realty Executives Progressive and Centum Accord Mortgage Inc. at the time of the sanctioned activities.

Ms. Aulakh was most recently registered with Excellence Real Estate Edmonton LTD. O/A RE/MAX Excellence and Centum Accord Mortgage Inc.

More Info: