BC Real Estate Trading Services Licensing Exam Practice · Question
When must a licensee disclose expected remuneration to a client?
Disclosure of remuneration must be made to the client before entering into a service agreement.
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Question: When must a licensee disclose expected remuneration to a client?
Answer options: ✅ Before any agreement for services is entered into
- Only at closing
- After acceptance of the offer
- Only if the client asks
Correct answer: Before any agreement for services is entered into
Explanation: Disclosure of remuneration must be made to the client before entering into a service agreement.
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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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