BC Real Estate Trading Services Licensing Exam Practice · Question
Anti-money laundering (FINTRAC) obligation for realtors includes:
PCMLTFA requires KYC and reporting.
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Question: Anti-money laundering (FINTRAC) obligation for realtors includes:
Answer options: ✅ Client ID verification & record keeping
- Free coffee
- Cash only deals
- None
Correct answer: Client ID verification & record keeping
Explanation: PCMLTFA requires KYC and reporting.
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Question explanations
- A developer, Grandview Developments Ltd., plans to build a new condominium project in Kelowna. They register a
- Michael, a real estate licensee, is assisting his client Jane in purchasing a commercial property at 123 Main
- A buyer, David, has entered into a Contract of Purchase and Sale for a vacant lot in Tofino. David's lawyer di
- Maria is purchasing a unit in a newly constructed strata building in Squamish. Her real estate licensee, Ken,
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