BC Real Estate Trading Services Licensing Exam Practice · Question
Within how many business days must a brokerage deposit trust money into its trust account in BC?
Under the RESA Rules, trust money must be deposited promptly — generally no later than the next business day after receipt.
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Question: Within how many business days must a brokerage deposit trust money into its trust account in BC?
Answer options: ✅ The next business day after receipt
- Within 3 business days
- Within 5 business days
- Within 10 business days
Correct answer: The next business day after receipt
Explanation: Under the RESA Rules, trust money must be deposited promptly — generally no later than the next business day after receipt.
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Question explanations
- A developer, Grandview Developments Ltd., plans to build a new condominium project in Kelowna. They register a
- Michael, a real estate licensee, is assisting his client Jane in purchasing a commercial property at 123 Main
- A buyer, David, has entered into a Contract of Purchase and Sale for a vacant lot in Tofino. David's lawyer di
- Maria is purchasing a unit in a newly constructed strata building in Squamish. Her real estate licensee, Ken,
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