Alberta Real Estate Licensing Exam Practice · Question
A buyer and a seller wish to engage the same single real estate licensee to facilitate their property transaction, choosing to move forward with a reduced scope of representation where the licensee will not provide advice or advocate for either party's individual interests. What is this specific form of relationship called in Alberta?
This describes transaction brokerage, where a licensee represents both parties but is limited to facilitating the transaction without providing full fiduciary d
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Question: A buyer and a seller wish to engage the same single real estate licensee to facilitate their property transaction, choosing to move forward with a reduced scope of representation where the licensee will not provide advice or advocate for either party's individual interests. What is this specific form of relationship called in Alberta?
Answer options: ✅ Transaction Brokerage
- Designated Agency
- Sole Agency
- Facilitator Agreement
Correct answer: Transaction Brokerage
Explanation: This describes transaction brokerage, where a licensee represents both parties but is limited to facilitating the transaction without providing full fiduciary duties like loyalty or advocacy to either client, requiring explicit consent as per the Real Estate Act Rules.
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