Alberta Real Estate Licensing Exam Practice · Question
Under the Real Estate Act, what is the maximum penalty RECA can impose on an individual for a single contravention?
RECA has the authority to impose significant fines for contraventions of the Real Estate Act.
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Question: Under the Real Estate Act, what is the maximum penalty RECA can impose on an individual for a single contravention?
Answer options:
- A fine of up to $10,000. ✅ A fine of up to $25,000.
- Suspension of license for up to one year.
- Permanent revocation of license.
Correct answer: A fine of up to $25,000.
Explanation: RECA has the authority to impose significant fines for contraventions of the Real Estate Act.
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