Alberta Real Estate Licensing Exam Practice · Question
A real estate associate, Lisa, has prepared a Comparative Market Analysis (CMA) for a potential seller client. Before Lisa obtains a signed listing agreement, what is her obligation regarding agency disclosure to this individual?
RECA Rules Section 43(1)(a) requires a real estate professional to provide the prescribed Consumer Relationships Guide and explain its content to an unrepresent
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Question: A real estate associate, Lisa, has prepared a Comparative Market Analysis (CMA) for a potential seller client. Before Lisa obtains a signed listing agreement, what is her obligation regarding agency disclosure to this individual?
Answer options: ✅ Lisa must provide the Consumer Relationships Guide and explain its contents.
- Lisa is not required to provide any disclosure if no agreement is yet signed.
- Lisa only needs to disclose her brokerage's services in general terms.
- Lisa should advise the potential client to get a professional appraisal instead.
Correct answer: Lisa must provide the Consumer Relationships Guide and explain its contents.
Explanation: RECA Rules Section 43(1)(a) requires a real estate professional to provide the prescribed Consumer Relationships Guide and explain its content to an unrepresented person before providing any real estate services. Preparing a CMA constitutes providing real estate services, therefore disclosure is required.
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