Alberta Real Estate Licensing Exam Practice · Question
A real estate associate, Maria, wants to purchase a property that her brokerage has listed. What is Maria's primary obligation before making an offer?
RECA Rules, Section 45 requires an industry member to disclose to the client in writing, before or at the time of making an offer, if they or an associate have
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Question: A real estate associate, Maria, wants to purchase a property that her brokerage has listed. What is Maria's primary obligation before making an offer?
Answer options: ✅ Maria must immediately disclose her interest as a licensed associate to the seller in writing.
- Maria needs to ensure she offers fair market value for the property.
- Maria must withdraw from her agency duties for that specific property.
- Maria must inform her broker of her intention to purchase, but no written disclosure to the seller is required yet.
Correct answer: Maria must immediately disclose her interest as a licensed associate to the seller in writing.
Explanation: RECA Rules, Section 45 requires an industry member to disclose to the client in writing, before or at the time of making an offer, if they or an associate have a direct or indirect interest in acquiring the property.
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