Calgary, Alberta—The Real Estate Council of Alberta (RECA) is warning consumers about Warren Phipps, a former real estate broker, and Mountain Park Real Estate Ltd., a former brokerage in the Calgary area.

Phipps was offering property management services through Mountain Park Real Estate Ltd. without holding a real estate licence from RECA.

On March 26, 2020, RECA suspended Phipps’ real estate licence. On May 20, 2020, RECA also cancelled Mountain Park Real Estate Ltd.’s brokerage licence.

If a consumer is using Phipps’ services, or any services of Mountain Park Real Estate Ltd., they may not be protected by the consumer protection fund or covered under the professional’s errors and omissions insurance. These are only available if a consumer is using a licensed brokerage.

RECA urges consumers to verify the licence status of brokerages and the authorized practice areas of licensees on RECA’s website by following these steps:

• go to RECA’s “Find a Licensee” search tool
• click “search by person” or “search by brokerage”
• type the full name and click “search”
• check the status column
• if you’re searching for a licensee, check their real estate sector in the far right column

Real estate licensees who are licensed in property management will have “P.M.” listed in the “Real Estate Sectors” column.

Using licensed brokerages and individual licensees protects you as a consumer. It ensures the licensee has the necessary education and experience to best provide you services and you are protected under the consumer protection fund in case of fraud or breach of trust.

If you have concerns regarding a licensee, contact us at info@reca.ca.

More Info: