Alberta Real Estate Licensing Exam Practice · Question
Which document outlines the specific duties and obligations a real estate professional owes to a buyer or seller?
The representation agreement formally establishes the agency relationship and the professional's duties to their client.
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Question: Which document outlines the specific duties and obligations a real estate professional owes to a buyer or seller?
Answer options: ✅ The representation agreement.
- The property appraisal report.
- The listing contract.
- The mortgage commitment letter.
Correct answer: The representation agreement.
Explanation: The representation agreement formally establishes the agency relationship and the professional's duties to their client.
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