Alberta Real Estate Licensing Exam Practice · Question
Under the Real Estate Act, what is the maximum penalty for an individual found guilty of an offence?
The Real Estate Act outlines the maximum penalties for individuals, which include a fine and/or imprisonment for serious offenses.
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Question: Under the Real Estate Act, what is the maximum penalty for an individual found guilty of an offence?
Answer options: ✅ A fine of $25,000 and/or one year imprisonment.
- A fine of $50,000 and/or two years imprisonment.
- A fine of $100,000 and/or three years imprisonment.
- A fine of $200,000 and/or six months imprisonment.
Correct answer: A fine of $25,000 and/or one year imprisonment.
Explanation: The Real Estate Act outlines the maximum penalties for individuals, which include a fine and/or imprisonment for serious offenses.
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