Alberta Real Estate Licensing Exam Practice · Question
What is the maximum penalty RECA can impose on an individual for a single contravention under the Real Estate Act?
RECA can impose a maximum fine of $50,000 per contravention for individuals under the Real Estate Act.
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Question: What is the maximum penalty RECA can impose on an individual for a single contravention under the Real Estate Act?
Answer options:
- A fine of $25,000
- Suspension of license for 1 year ✅ A fine of $50,000
- Revocation of license
Correct answer: A fine of $50,000
Explanation: RECA can impose a maximum fine of $50,000 per contravention for individuals under the Real Estate Act.
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