Decisions and Appeals

Decision Information

Decision Content

Citation            2025 ABRECA 52

Decision Date  October 31, 2025

 

THE REAL ESTATE COUNCIL OF ALBERTA

 

File No

MMS-04432

Process

Disposition by Registrar section 39 & 83 of the Real Estate Act

Name

Clara Suet Fa Chong

License

Mortgage Broker

Industry Council

Mortgage Broker

Conduct Brokerage

Westmount Mortgage Corporation

Current Brokerage

Westmount Mortgage Corporation

Document

ADMINISTRATIVE PENALTY

Penalty

$1,500

Decision Date

October 31, 2025

 

 

TO:     Clara Suet Fa Chong

The Registrar of the Real Estate Council of Alberta (RECA) has determined there is sufficient evidence you have contravened section 94(1) of the Real Estate Act Rules and this is conduct deserving of sanction.

 

Rule 91(4)– A brokerage’s accounting shall be filed with the Council not later than 3 months after the end of the brokerage’s fiscal year

 

Particulars of the contravention(s):

 

1.      In or around March 2025, you failed to file your brokerage’s fiscal year end accounting reports contrary to section 94(1) of the Real Estate Act Rules:

a)      Your brokerage fiscal year end was December 31, 2024. The brokerage accounting forms were due on March 31, 2025. As broker, it was your responsibility to ensure the brokerage accounting forms were filed on time.

b)      You were sent several reminders about the requirement to file the brokerage accounting forms and the deadline. Those reminders included clear instructions on what forms were required, a link to RECA’s website that explained how to access the forms, and a warning that a failure to complete the forms by the deadline could result in an Administrative Penalty. 

c)      Your fiscal year end reports were received on October 20, 2025.

 

The Registrar considered the following aggravating and mitigating factors:

 

Aggravating Factors

         You were sent several reminders that your reports were due.

         The reporting delay was several months.

 

Appeal

You have the right to appeal this Administrative Penalty to a Hearing Panel. Make sure to read the following important information if you intend to appeal

         Section 83.1 of the Real Estate Act

         The attached Information Sheet and

         The Hearing and Appeals Practice and Procedure Guidelines

 

The Hearing and Appeals Practice and Procedure Guidelines are posted here:

https://www.reca.ca/wp-content/uploads/2018/07/Hearing-and-Appeal-Practice-and-Procedures.pdf

 

Read the following sections of the Guidelines relating to specific appeals:

         Part 8 for Penalty appeals

 

If you fail to take steps to initiate your appeal required by section 83.1, within 30 days of receiving this penalty you will lose your right to appeal.

 

Payment

This Penalty must be paid within 30 days of the date this Notice was issued.

 

If you fail to pay the Penalty the Registrar may commence collection under section 56 of the Real Estate Act and may suspend your licence under section 38.1 of the Rules.

 

On Payment of the Penalty

         You will have satisfied the Administrative Penalty and no further proceedings under Part 6 will be taken against you.

         You cannot be charged under section 81 of the Real Estate Act with an offence for the contravention(s) in this Administrative Penalty.

 

 

Dated October 31, 2025, at Calgary, Alberta.                                                                       

 

 

            “Signature”

Warren Martinson, Registrar                

Real Estate Council of Alberta

 You are being directed to the most recent version of the statute which may not be the version considered at the time of the judgment.