Alberta Real Estate Licensing Exam Practice · Question
What is the maximum penalty RECA can impose on an individual for a serious breach of the Real Estate Act or Rules?
RECA has the authority to levy significant fines for serious contraventions, alongside other disciplinary actions.
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Question: What is the maximum penalty RECA can impose on an individual for a serious breach of the Real Estate Act or Rules?
Answer options:
- A written warning ✅ A fine up to $25,000 per contravention
- Mandatory re-education courses
- Suspension of license for one month
Correct answer: A fine up to $25,000 per contravention
Explanation: RECA has the authority to levy significant fines for serious contraventions, alongside other disciplinary actions.
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