Learning Objectives
– List the three elements of negligence and give an example of a negligent act which might arise in a real estate licensee’s daily activities
– List the elements of negligent misrepresentation and give an example of this tort
– Define money laundering and describe why real estate is an attractive vehicle to launder money
– List the methods by which real estate is used to launder money
– Identify the key roles of FINTRAC
– Summarize the four key obligations of licensees under the Proceeds of Crime (Money
– Laundering) and Terrorist Financing Act
– Identify common money laundering and terrorist financing indicators
Provide examples of the three types of trespass, and explain the three major characteristics of that tort
– Describe private nuisance, and compare nuisance and trespass
– Explain the purpose of the Occupiers Liability Act and give an example of how a real estate licensee might incur liability under this Act
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