Alberta Real Estate Licensing Exam Practice · Question
Real estate professionals must verify client identity under:
FINTRAC under the PCMLTFA requires client ID verification.
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Question: Real estate professionals must verify client identity under:
Answer options:
- RECA only ✅ FINTRAC / PCMLTFA
- CMHC
- Service Alberta
Correct answer: FINTRAC / PCMLTFA
Explanation: FINTRAC under the PCMLTFA requires client ID verification.
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- A buyer is purchasing a property for $550,000. They have secured a mortgage for $440,000. What is the Loan-to-
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