Resolution with Mr. David Lowe

October 17, 2023

Message from AREA Chair David P. Brown:

We are pleased to announce the consent dismissal of the lawsuit filed by Mr. Lowe against the AREA Board of Directors. The resolution did not involve a payment to either party. We appreciate Mr. Lowe’s passion for the industry and his willingness to volunteer.

Mr. Lowe issued the following statement as part of the settlement.

“During my time on the Board, I at times pursued interests and concerns which were influenced in part by my appointment to the AREA Board by the REALTORS^® Association of Edmonton (“RAE”).

Following a publication in the Real Estate Magazine of an opinion article I submitted, I was called to attend a videoconference meeting of the Executive Committee of AREA, wherein my resignation was requested I recorded the videoconference without notifying the Executive Committee and provided a recording of this videoconference to my Broker and members of RAE’s Executive, who were not authorized to receive the recording, and I subsequently tendered my resignation to the AREA Board of Directors.

I retract the negative statements I have made about AREA. I have full trust and confidence that AREA, its board, and staff are working hard in the members’ best interest.

I gained much valuable insight into proper governance, and I thank my co-directors, administration, and staff during my tenure for indulging my numerous and repeated inquiries for information, and I apologize for the disrespect I showed my colleagues and AREA staff.

Finally, I want to express my appreciation for the experience and learning opportunities provided to me during my tenure as a Director from 2018 to 2019.”

Mr. David Lowe