Alberta Real Estate Licensing Exam Practice · Question
A buyer enters into a written service agreement with a real estate brokerage, indicating they wish to purchase a residential property. This agreement establishes a clear agency relationship where the brokerage represents the buyer's interests. What type of agency relationship is primarily established here?
This scenario describes a sole agency relationship where the brokerage, and by extension its designated agent, represents only the buyer in the transaction, act
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Question: A buyer enters into a written service agreement with a real estate brokerage, indicating they wish to purchase a residential property. This agreement establishes a clear agency relationship where the brokerage represents the buyer's interests. What type of agency relationship is primarily established here?
Answer options: ✅ Sole Agency
- Dual Agency
- Transaction Brokerage
- Sub-agency
Correct answer: Sole Agency
Explanation: This scenario describes a sole agency relationship where the brokerage, and by extension its designated agent, represents only the buyer in the transaction, acting exclusively on their behalf to achieve their objectives. This aligns with the default agency model in Alberta.
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