Fintrac
Fintrac RED FLAG Awareness Quiz
Test your knowledge on identifying RED FLAG scenarios in real estate transactions and ensure compliance with Fintrac regulations.
This quiz covers vital information on:
- Recognizing suspicious activities.
- Understanding identification requirements.
- Reporting obligations for brokers.
What is a RED FLAG and when to ask your broker? A client purchases multiple properties in a short time period and seems to have few concerns about the location, condition and the anticipated repair cost.
Yes
No
What is a RED FLAG and when to ask your broker? A client changes the name of the purchasing party last minute and really has no explanation.
Yes
No
What is a RED FLAG and when to ask your broker? The buyer wants to give you a cash deposit of $5000
Yes
No
What is a RED FLAG and when to ask your broker? The buyer doesn't put a financing condition in the offer
Yes
No
What is a RED FLAG and when to ask your broker? Client purchases the property in the name of nominee or a relative other than a spouse.
Yes
No
You need to report a suspicious transaction within 30 days to your Broker?
Yes
No
For identification of a client you can accept an email picture from one of the buyers that wasn't present?
Yes
No
Does a Passport work for identification?
Yes
No
Occupation can be stated as Retired?
Yes
No
Receipt of Funds form is not needed for a wire transfer?
Yes
No
You should inform your broker within a week of a suspicious transaction?
Yes
No
{"name":"Fintrac", "url":"https://www.quiz-maker.com/QPREVIEW","txt":"Test your knowledge on identifying RED FLAG scenarios in real estate transactions and ensure compliance with Fintrac regulations.This quiz covers vital information on:Recognizing suspicious activities.Understanding identification requirements.Reporting obligations for brokers.","img":"https:/images/course4.png"}
More Quizzes
Anti Money Laundering and Counter Funding of Terrorism - May 2020
15817
AML Training
1366
Regulatory Compliance 101: The MAP S.Platis Trivia Quiz for beginners!
27140
Business Purposes and Processing
9422
1033
7420
AML Training 2022
1059
Know Your KYC Quiz
8423
Peer Review Part One
11613
MIP and Red Flags
8415
FICA Toolkit
231226
Operational Risk
1479
Anti-Money Laundering Quiz
1589