Alberta Real Estate Licensing Exam Practice · Question
A real estate professional must deposit client trust funds into a trust account within how many banking days of receiving them?
RECA Rules stipulate a strict timeframe for depositing client trust funds to ensure proper management and security.
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Question: A real estate professional must deposit client trust funds into a trust account within how many banking days of receiving them?
Answer options: ✅ Three banking days.
- Immediately upon receipt.
- Seven banking days.
- Ten banking days.
Correct answer: Three banking days.
Explanation: RECA Rules stipulate a strict timeframe for depositing client trust funds to ensure proper management and security.
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