BC Real Estate Trading Services Licensing Exam Practice · Question
Who is responsible for supervising licensees and ensuring brokerage compliance with RESA?
The managing broker is responsible for active supervision of licensees and brokerage compliance.
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Question: Who is responsible for supervising licensees and ensuring brokerage compliance with RESA?
Answer options: ✅ The managing broker
- Each licensee individually
- BCFSA staff
- The brokerage's lawyer
Correct answer: The managing broker
Explanation: The managing broker is responsible for active supervision of licensees and brokerage compliance.
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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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