Alberta Real Estate Licensing Exam Practice · Question
In a limited dual agency situation in Alberta, what duty is NOT owed by the brokerage to both the buyer and seller?
In limited dual agency, the brokerage cannot advocate for the best price or terms for one client to the detriment of the other, as it would breach their duty to
Start free practice for Alberta Real Estate Licensing Exam Practice
400 questions · no signup required · 40 free questions per day
Question: In a limited dual agency situation in Alberta, what duty is NOT owed by the brokerage to both the buyer and seller?
Answer options:
- Duty of confidentiality regarding motivations.
- Duty of honest and competent service.
- Duty to disclose material facts. ✅ Duty to promote the best interests of each party regarding price and terms.
Correct answer: Duty to promote the best interests of each party regarding price and terms.
Explanation: In limited dual agency, the brokerage cannot advocate for the best price or terms for one client to the detriment of the other, as it would breach their duty to both.
Start free practice for Alberta Real Estate Licensing Exam Practice
400 questions · no signup required · 40 free questions per day
More about Alberta Real Estate Licensing Exam Practice
Related Questions
- A buyer is purchasing a property for $550,000. They have secured a mortgage for $440,000. What is the Loan-to-
- Commission in Alberta is:
- A real estate associate, Sarah, is representing a buyer. While showing a property, the buyer expresses a stron
- An associate prepares a listing agreement for a seller. Which of the following is NOT typically required to be
- A brokerage receives a certified cheque for a $15,000 deposit on a residential property. Within how many busin
- A real estate associate, Maria, wants to purchase a property that her brokerage has listed. What is Maria's pr
More for Alberta Real Estate Licensing Exam Practice candidates
Study guides
FAQs
Question explanations
- A buyer is purchasing a property for $550,000. They have secured a mortgage for $440,000. What is the Loan-to-
- Commission in Alberta is:
- A real estate associate, Sarah, is representing a buyer. While showing a property, the buyer expresses a stron
- An associate prepares a listing agreement for a seller. Which of the following is NOT typically required to be
Ready to practice?
Free, no signup required. Build a wrong-question list as you go.
Start Free Alberta Real Estate Licensing Exam Practice Practice →Related courses
Other Canadian certifications candidates often prepare for alongside this one.