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Eight remaining Real Estate Council of Alberta (RECA) council members will be turfed and a new council appointed to the “dysfunctional” regulator if a bill introduced by the UCP government on Wednesday passes.

Bill 15 would amend the Real Estate Act to allow Service Alberta Minister Nate Glubish to dismiss current council members of the independent regulator of real estate industry professionals and appoint an official administrator to continue day-to-day operations and disciplinary processes.

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“It is clear that council lost confidence in themselves, that industry has lost count confidence in the regulator, and I have lost confidence in the council’s ability to properly and effectively govern and regulate,” said Glubish from the legislature on Wednesday.

“Things should never have been allowed to get this bad and last this long.”

Postmedia

The bill marks an increase in government efforts to curb dysfunction of the independent governance body, in charge of licensing and enforcing standards for more than 15,000 real estate brokerage, mortgage brokerage, property management and real estate appraisal professionals in Alberta.