Alberta Real Estate Licensing Exam Practice · Question
A real estate professional must disclose their personal interest when buying or selling real estate for themselves EXCEPT when:
Disclosure of personal interest is always required when a licensed professional is involved in a transaction as a principal, except when providing specific serv
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Question: A real estate professional must disclose their personal interest when buying or selling real estate for themselves EXCEPT when:
Answer options:
- They are selling their primary residence.
- They are purchasing a property for personal use. ✅ They are acting as a facilitator only.
- They are purchasing property for investment purposes.
Correct answer: They are acting as a facilitator only.
Explanation: Disclosure of personal interest is always required when a licensed professional is involved in a transaction as a principal, except when providing specific services as a facilitator, which doesn't create an agency relationship.
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