Alberta Real Estate Licensing Exam Practice · Question
Before entering into an exclusive buyer representation agreement, a licensee must provide the buyer with:
RECA rules require licensees to provide a written explanation of the representation options and relationship to the consumer before securing an agreement.
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Question: Before entering into an exclusive buyer representation agreement, a licensee must provide the buyer with:
Answer options:
- A market value appraisal of the desired property.
- A copy of the Real Estate Act. ✅ A written explanation of the representation relationship.
- Legal advice regarding the purchase.
Correct answer: A written explanation of the representation relationship.
Explanation: RECA rules require licensees to provide a written explanation of the representation options and relationship to the consumer before securing an agreement.
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