Alberta Real Estate Licensing Exam Practice · Question
What is the maximum amount an individual applicant can claim from the Real Estate Assurance Fund for a single valid claim?
The Real Estate Assurance Fund has a maximum payout of $35,000 for a single valid claim by an individual.
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Question: What is the maximum amount an individual applicant can claim from the Real Estate Assurance Fund for a single valid claim?
Answer options:
- $15,000
- $25,000 ✅ $35,000
- $50,000
Correct answer: $35,000
Explanation: The Real Estate Assurance Fund has a maximum payout of $35,000 for a single valid claim by an individual.
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