Edmonton realtor Terry Paranychs ads featured photos of him lighting a cigar with a hundred dollar bill, leading to a fine from the Real Estate Council of Alberta. (Curtis Comeau) There was a time when Terry Paranych ruled the Edmonton real estate market. His headshotcomplete with suspenders and a flashy watchwas slapped on buses, billboards and benches around the city. His ads declared that he (or, more accurately, his brokerage) could sell your property fast and for top dollar and sometimes billed him as Canadas top agent. But Paranychs ads ran afoul of the Real Estate Council of Alberta, the industry regulator. In a recent decision, Paranych was found to have violated the councils rules 25 times in 2012 and 2013 with misleading advertisements and unverifiable claims. Ads promoting his status as Canadas No. 1 agent neglected to mention the sample size was limited to Re/Max agentsnot the entire country. According to the hearing panel, claims such as selling homes quickly and for top dollar cannot be verified. The panel suspended Paranychs license for three months and fined him $96,000, including costs. Paranych did not respond to an interview request, but he was somewhat less than contrite in a Facebook post earlier this month.
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