Alberta Real Estate Licensing Exam Practice · Question
What is the maximum amount an individual can claim from the Consumer Protection Fund for a single transaction?
The Consumer Protection Fund provides compensation to consumers who have suffered financial losses due to the fraud or negligence of a licensed real estate prof
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Question: What is the maximum amount an individual can claim from the Consumer Protection Fund for a single transaction?
Answer options:
- $25,000 ✅ $50,000
- $75,000
- $100,000
Correct answer: $50,000
Explanation: The Consumer Protection Fund provides compensation to consumers who have suffered financial losses due to the fraud or negligence of a licensed real estate professional, with a set limit per claim.
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