Alberta Real Estate Licensing Exam Practice · Question
In Alberta, what is the standard timeframe for a buyer to provide a deposit after an offer is accepted, unless otherwise specified?
While contracts can vary, the standard practice in Alberta often dictates a deposit within 3 business days of acceptance.
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Question: In Alberta, what is the standard timeframe for a buyer to provide a deposit after an offer is accepted, unless otherwise specified?
Answer options:
- Within 24 hours ✅ Within 3 business days
- Within 7 calendar days
- At the time of possession
Correct answer: Within 3 business days
Explanation: While contracts can vary, the standard practice in Alberta often dictates a deposit within 3 business days of acceptance.
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