Alberta Real Estate Licensing Exam Practice · Question
An associate solely represents a seller in the sale of their property. The associate lists the property for $450,000. During negotiations, a buyer, unrepresented, offers $430,000. The associate suggests the seller counter at $445,000, disclosing market data to support this decision. This is an example of what type of agency?
The associate is acting in a sole agency capacity for the seller, providing full fiduciary duties to them while dealing with an unrepresented buyer, as per the
Start free practice for Alberta Real Estate Licensing Exam Practice
400 questions · no signup required · 40 free questions per day
Question: An associate solely represents a seller in the sale of their property. The associate lists the property for $450,000. During negotiations, a buyer, unrepresented, offers $430,000. The associate suggests the seller counter at $445,000, disclosing market data to support this decision. This is an example of what type of agency?
Answer options: ✅ Sole Agency
- Designated Agency (for the seller only)
- Transaction Brokerage
- Facilitator Role
Correct answer: Sole Agency
Explanation: The associate is acting in a sole agency capacity for the seller, providing full fiduciary duties to them while dealing with an unrepresented buyer, as per the Real Estate Act Rules.
Start free practice for Alberta Real Estate Licensing Exam Practice
400 questions · no signup required · 40 free questions per day
More about Alberta Real Estate Licensing Exam Practice
Related Questions
- A buyer is purchasing a property for $550,000. They have secured a mortgage for $440,000. What is the Loan-to-
- Commission in Alberta is:
- A real estate associate, Sarah, is representing a buyer. While showing a property, the buyer expresses a stron
- An associate prepares a listing agreement for a seller. Which of the following is NOT typically required to be
- A brokerage receives a certified cheque for a $15,000 deposit on a residential property. Within how many busin
- A real estate associate, Maria, wants to purchase a property that her brokerage has listed. What is Maria's pr
More for Alberta Real Estate Licensing Exam Practice candidates
Study guides
FAQs
Question explanations
- A buyer is purchasing a property for $550,000. They have secured a mortgage for $440,000. What is the Loan-to-
- Commission in Alberta is:
- A real estate associate, Sarah, is representing a buyer. While showing a property, the buyer expresses a stron
- An associate prepares a listing agreement for a seller. Which of the following is NOT typically required to be
Ready to practice?
Free, no signup required. Build a wrong-question list as you go.
Start Free Alberta Real Estate Licensing Exam Practice Practice →Related courses
Other Canadian certifications candidates often prepare for alongside this one.