Alberta Real Estate Licensing Exam Practice · Question
Under the Real Estate Act, what is a primary responsibility of a brokerage?
Brokerages are responsible for supervising their licensees and ensuring compliance with the Real Estate Act and RECA rules.
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Question: Under the Real Estate Act, what is a primary responsibility of a brokerage?
Answer options: ✅ To ensure all licensees operating under its license are compliant with RECA rules.
- To guarantee the profitability of every transaction.
- To provide legal advice to clients.
- To personally inspect every property listed by its licensees.
Correct answer: To ensure all licensees operating under its license are compliant with RECA rules.
Explanation: Brokerages are responsible for supervising their licensees and ensuring compliance with the Real Estate Act and RECA rules.
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