BC Real Estate Trading Services Licensing Exam Practice · Question
BC's Home Buyer Rescission Period gives residential buyers how many business days to rescind after offer acceptance?
The Home Buyer Rescission Period (effective Jan 3, 2023) is 3 business days; a rescission fee of 0.25% of the price applies.
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Question: BC's Home Buyer Rescission Period gives residential buyers how many business days to rescind after offer acceptance?
Answer options: ✅ 3 business days
- 2 calendar days
- 7 calendar days
- 10 business days
Correct answer: 3 business days
Explanation: The Home Buyer Rescission Period (effective Jan 3, 2023) is 3 business days; a rescission fee of 0.25% of the price applies.
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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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