The Board of Directors has approved to set the 2025 Professional Development mandatory course as (ONLINE) Anti-Money Laundering (FINTRAC) Obligations for Brokers and Sales Representatives. 

Completion of this course will award one Professional Development credit and fulfill the mandatory course requirement for the year. This means upon completion of this course you will still require 2 electives for a total of 3 elective credits for 2025.

This course will be available to all members starting March 24, 2025, through the CREA Learning Hub. An email will go out to all members notifying you when the course is available to start.

This 6 hour online course provides essential guidance for REALTORS® and brokers to fulfil several obligations under Canada’s federal money laundering and anti-terrorist financing legislation, the Proceeds of Crime (Money Laundering) and Terrorism Financing Act (PCMLTFA) and regulations. 

By the end of this course, you will be able to: 

• understand your Know-Your-Client obligations, such as verifying identity; 
• understand your reporting obligations, such as when to file, how to file, and what exactly each report is; 
• recognize your record keeping obligations under the law;  
• comprehend a broker’s compliance program obligations and understand how sales representatives can fulfil their responsibilities in ensuring that the compliance program is properly implemented; and 
• understand ministerial directive’s role in protecting Canada’s financial system. 

Please note that you are not required to complete this course in one sitting. You have the flexibility to pause and resume at your convenience. 

As a friendly reminder, please ensure your professional development credits are completed by December 31, 2025. 

Should you have any questions, please feel free to reach out.

Nicole Foster

Executive Assistant

Prince Edward Island Real Estate Association

3 Lower Malpeque Road, Unit L100

Charlottetown, PE, C1E 1R4

902-566-4725