Alberta Real Estate Licensing Exam Practice · Question
If a brokerage represents both buyer and seller in Alberta, it must use:
Alberta uses transaction brokerage (limited dual agency) with written informed consent.
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Question: If a brokerage represents both buyer and seller in Alberta, it must use:
Answer options:
- Dual agency ✅ Transaction brokerage with written consent
- Designated agency
- Sub-agency
Correct answer: Transaction brokerage with written consent
Explanation: Alberta uses transaction brokerage (limited dual agency) with written informed consent.
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- A buyer is purchasing a property for $550,000. They have secured a mortgage for $440,000. What is the Loan-to-
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