Alberta Real Estate Licensing Exam Practice · Question
What is the maximum amount an individual can claim from the RECA Consumer Protection Fund for a proven loss due to a real estate professional's misconduct?
The RECA Consumer Protection Fund has a maximum payout limit per claimant to cover losses caused by professional misconduct.
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Question: What is the maximum amount an individual can claim from the RECA Consumer Protection Fund for a proven loss due to a real estate professional's misconduct?
Answer options: ✅ $35,000
- $25,000
- $50,000
- No limit
Correct answer: $35,000
Explanation: The RECA Consumer Protection Fund has a maximum payout limit per claimant to cover losses caused by professional misconduct.
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