The Real Estate Council of Alberta, the organization that licenses and regulates real estate industry professionals in Alberta, is advising the public that Larry David Hahn’s real estate associate licence is cancelled until October 2028. If an application for relicensing is received after this time, all suitability requirements will be evaluated.

On April 15, 2025, an independent Hearing Panel (Panel) cancelled the real estate associate licence of Hahn under s.43 of the Real Estate Act. Hahn was also ordered to pay $15,000 in fines and $3,000 in costs associated with the hearing.

The vast majority of RECA licensees adhere to high standards of professionalism and integrity. However, the Panel found, and Hahn admitted, that he seriously breached his professional standards when he mishandled trust funds for his own personal benefit over a period of seven years, on 11 separate occasions.

A real estate purchase or sale is often one of the largest financial transactions a consumer will be involved in. Trust funds are often significant sums of money and Hahn’s fraudulent handling of his client’s trust funds has undermined public confidence in the industry. The Panel made a finding of conduct deserving of sanction to ensure consumer protection and maintain public trust in the real estate profession.

Specifically, the Real Estate Act Rules s.42(b), s.53(c) and s.54(1)(c) state that:  

  • a licensee must not participate in fraudulent or unlawful activities in connection with the provision of services or in any dealings
  • a real estate associate must provide to their broker in a timely manner all original documentation and copies of original documents provided to the parties or maintained by other brokerages
  • a real estate associate must not accept a commission, referral fee or other remuneration, directly or indirectly, for a trade in real estate except through the brokerage with which they are registered

This decision is currently under appeal. For further details and the specific facts regarding this misconduct, please see the full Panel written decision.

It is of the utmost importance to regulatory bodies, such as RECA, that the public has confidence in a profession. A profession’s most valuable asset is its collective reputation and the confidence it inspires. Licensees must understand how important it is to follow the rules and act honestly to maintain the public’s confidence in the integrity of the real estate profession.

If you are a licensee or consumer with any questions regarding the cancellation of Hahn’s real estate associate licence, please contact info@reca.ca.

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About RECA

RECA is Alberta’s real estate regulator. We protect consumers. We set and enforce professional standards for real estate, mortgage, property management, and condominium management industries across the province.

We publish Hearing Panel decisions to protect consumers, uphold professional industry standards, ensure transparency, and provide education to licensees and the public on the Real Estate Act standards of practice.

Consumers are advised to only work with specific licensed professionals in their real estate transactions. RECA ProCheck allows anyone to search for a licensee (real estate, mortgage, property management, and condominium management) to confirm they are licensed in the correct sector you require and in good standing.