Alberta Real Estate Licensing Exam Practice · Question
A real estate brokerage has three associates: Jane, Ken, and Lisa. Jane is acting for the seller. Ken is acting for the buyer. Lisa is assisting an unrepresented buyer who is interested in another property listed by the same brokerage but not involved in Jane and Ken's transaction. What specific agency model is in effect for Jane and Ken's transaction?
The scenario describes two different licensees (Jane and Ken) from the same brokerage being designated to represent different clients (seller and buyer) in the
Start free practice for Alberta Real Estate Licensing Exam Practice
400 questions · no signup required · 40 free questions per day
Question: A real estate brokerage has three associates: Jane, Ken, and Lisa. Jane is acting for the seller. Ken is acting for the buyer. Lisa is assisting an unrepresented buyer who is interested in another property listed by the same brokerage but not involved in Jane and Ken's transaction. What specific agency model is in effect for Jane and Ken's transaction?
Answer options: ✅ Designated Agency
- Sole Agency
- Transaction Brokerage
- Sub-agency
Correct answer: Designated Agency
Explanation: The scenario describes two different licensees (Jane and Ken) from the same brokerage being designated to represent different clients (seller and buyer) in the same transaction, which is the definition of designated agency in Alberta.
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.